Eldorado’s China curtain call near complete as it closes $300m Jinfeng sale

September 8, 2016

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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.

Category: General