Eldorado announces $600m exit from China by selling remaining assets

Having sold its 82% interest in the Jinfeng mine to China National Gold Group for $300-million in cash late last month, Eldorado Gold on Monday announced the sale of its remaining two mines and one development project for $600-million, signalling the Canadian miner’s exit from China. Vancouver-based Eldorado agreed to sell its 95% interest in the White Mountain mine and its 90% interest in the Tanjianshan mine, as well as its 75% stake in the Eastern Dragon development project to an affiliate of Yintai Resources.