EGO Stock Down Slightly as Greek Government Seeks Higher Royalties

EGO Stock

Greece is in talks with Eldorado Gold Corp (TSX:ELD) (NYSE:EGO) to secure higher royalties from the mining firm, causing EGO stock to trade down slightly.

Greek Energy Minister Kostis Hatzidakis has said the government has entered talks with the Vancouver-based mining company, which operates two mines and two development projects in the country, in order to obtain higher royalties and new jobs. The company’s planned investment is seen as one of the biggest in the country in years; however, the plans have been stalled numerous times due to licensing issues and environmental concerns. EGO stock is ...

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