S&P/TSX Composite Index
March 17 2008 - 11:00AM
UK Regulatory
RNS Number:2739Q
European Goldfields Ltd
17 March 2008
Immediate Release 17 March 2008
European Goldfields Limited
European Goldfields Added to S&P/TSX Composite Index
17 March 2008 - European Goldfields Limited (TSX / AIM: EGU) is pleased to
announce that its shares have been added to the S&P/TSX Composite Index,
effective at the open of markets on Monday 24 March 2008.
With a market capitalisation of over US$1.1 billion, a cash balance of
approximately US$220 million, an operating mine and a pipeline of three further
development-stage projects in Greece and Romania, European Goldfields expects to
become a mid-tier gold producer by the year 2011.
About European Goldfields
European Goldfields Limited is a resource company involved in the acquisition,
exploration and development of mineral properties in Greece, Romania and
South-East Europe.
Greece - European Goldfields holds a 95% interest in Hellas Gold S.A. Hellas
Gold owns three major gold and base metal deposits in Northern Greece. The
deposits are the polymetallic operation at Stratoni, the Olympias project which
contain gold, zinc, lead and silver, and the Skouries copper/gold porphyry
project. Hellas Gold commenced production at Stratoni in September 2005 and
commenced selling an existing stockpile of gold concentrates from Olympias in
July 2006. Hellas Gold is applying for permits to develop the Skouries and
Olympias projects.
Romania - European Goldfields owns 80% of the Certej gold/silver project in
Romania. The Company submitted in March 2007 a technical feasibility study to
the Romanian government in support of a permit application to develop the
project.
For further information please contact:
European Goldfields: e-mail: info@egoldfields.com
David Reading, Chief Executive Officer Tel: +44 (0)20 7408 9534
Buchanan Communications: e-mail: bobbym@buchanan.uk.com
Bobby Morse / Ben Willey Tel: +44 (0)20 7466 5000
Renmark Financial Communication: e-mail: jroy@renmarkfinancial.com
Jason Roy Tel: +1 514 939 3989
RBC Capital Markets: e-mail: andrew.smith@rbccm.com
Andrew K Smith Tel: +44 (0)20 7029 7882
This information is provided by RNS
The company news service from the London Stock Exchange
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