ASSET DIVESTITURE
Geographically diversified Canadian gold miner Eldorado Gold has completed the $300-million divestiture of its 82% interest in the Jinfeng gold mine, in China, to China National Gold Group. Announced in April, the divestiture is one in a string of deals announced this year as Eldorado exits China, including the sale of its 90% interest in the White Mountain mine, its 95% stake in the Tanjianshan mine and the 75% interest in the Eastern Dragon development project. These divestitures are on schedule to close in the fourth quarter, Eldorado advised.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access