BRIEF-Eldorado Gold partners with CDH investments in Eastern Dragon project

Mon, 24 Feb - 11:08pm

Feb 24 (Reuters) - Eldorado Gold Corp ELD.TO :

* Partners with CDH investments in Eastern Dragon project

* Deal for cash consideration of $40 million

* Says following a new share issuance, CDH will own a 21.05% interest in Sino

Gold Tenya (HK) limited

* Says capital cost to complete development is estimated at $45 million

* Production is estimated at 70,000 ounces of gold per annum with expected mine

life of 11 years

* Source text for Eikon News Search ID:nMKW1VH6ha

* Further company coverage ELD.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140224:nWNAB049L2:7
Topics: 
US RES CMPNY CA PREC MINE BLR ASIA EMRG DEAL1 LEN RTRS MRG BACT MIN GDM RESF BMAT MTAL CN AMERS

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