TSX: ELD NYSE: EGO
VANCOUVER, June 8,
2017 /CNW/ - In response to the statement posted on the
Greek Ministry of Energy and Environment's website today,
June 8th 2017, Eldorado
Gold confirms it has not received formal notification or any
details of any arbitration proceedings. At this time,
Eldorado's operations and
development projects are continuing to plan.
The Company will consider the specific issues
raised and, if material, provide an update to the market when and
if it receives notification of arbitration from the Greek
Government.
Eldorado has
consistently received positive decisions from Greece's Council of State in 18 cases
confirming the integrity of its permits. Eldorado operates in accordance with all
applicable laws and regulations in every jurisdiction it does
business.
About Eldorado Gold
Eldorado is a
leading intermediate gold producer with mining, development and
exploration operations in Turkey,
Greece, Romania, Serbia and Brazil. The
Company's success to date is based on a highly skilled and
dedicated workforce, safe and responsible operations, a portfolio
of high-quality assets, and long-term partnerships with the
communities where it operates. Eldorado's common shares trade on the Toronto
Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE:
EGO).
Certain of the statements made and information
provided in this press release are forward-looking statements or
information within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Often, but not always, forward-looking statements
and forward-looking information can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"continue"", "projected", "scheduled", "estimates", "forecasts",
"projected", "intends", "anticipates", or "believes" or the
negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Such forward-looking statements or information include, but are not
limited to, statements or information with respect to the
Statement.
Forward-looking statements and forward-looking
information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information.
We have made certain assumptions about the
forward-looking statements and information, including assumptions
about the geopolitical, economic, permitting and legal climate that
we operate in; the future price of gold and other commodities;
exchange rates; anticipated costs and expenses; production, mineral
reserves and resources and metallurgical recoveries, the impact of
acquisitions, dispositions, suspensions or delays on our business
and the ability to achieve our goals.
Even though our management believes that the
assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that the forward-looking statement or information will prove to be
accurate. Many assumptions may be difficult to predict and are
beyond our control.
Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or
information. These risks, uncertainties and other factors
include, among others, the following: geopolitical and
economic climate (global and local), risks related to mineral
tenure and permits; gold and other metal price volatility; mining
operational and development risk; foreign country operational
risks; risks of sovereign investment; regulatory environment and
restrictions, including environmental regulatory restrictions and
liability; discrepancies between actual and estimated production,
mineral reserves and resources and metallurgical recoveries; risks
related to impact of the sale of our Chinese assets on the
Company's operations; the ability to acquire the shares that it
does not already own in Integra Gold Corporation; additional
funding requirements; currency fluctuations; litigation risks;
community and non-governmental organization actions; speculative
nature of gold exploration; dilution; share price volatility;
competition; loss of key employees; and defective title to mineral
claims or property, as well as those factors discussed in the
sections entitled "Forward-Looking Statements" and "Risk factors in
our business" in the Company's most recent Annual Information
Form & Form 40-F. The reader is directed to carefully review
the detailed risk discussion in our most recent Annual Information
Form filed on SEDAR under our Company name, for a fuller
understanding of the risks and uncertainties that affect the
Company's business and operations.
There can be no assurance that forward-looking
statements or information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not
place undue reliance on the forward-looking statements or
information contained herein. Except as required by law, we
do not expect to update forward-looking statements and information
continually as conditions change and you are referred to the full
discussion of the Company's business contained in the Company's
reports filed with the securities regulatory authorities in
Canada and the U.S.
SOURCE Eldorado Gold Corporation