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$EGO Acquisitions And Low Debt Equal Strength For Eldorado Gold

In February 2012, Eldorado Gold purchased European Goldfields for $2.5 billion. This was a significant purchase for Eldorado Gold as “European Goldfields was a developer-producer with globally significant gold reserves located within the European Union. Eldorado Gold saw many advantages for this purchase. The advantages they saw included “Further diversification of production and cash flow across a robust portfolio of new producing mines and development projects” and it “Solidifies the company’s position as one of the industry’s leaders in quality

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