Loading ...By Susan Taylor
TORONTO, Jan 6 (Reuters) – Canada’s Eldorado Gold Corp said on Friday it has indefinitely shelved expansion plans for its Kisladag mine in Turkey and deferred a decision on developing a project in Brazil, citing lower gold prices.
Eldorado, which also operates in Serbia, Romania, Brazil and China, said that 2017 capital expenditures are now estimated at $425 million, well below a September forecast of $500 million to $580 million.
The reduction primarily reflects the suspended development of the Tocantinzinho project in Brazil and Kisladag, along with a rejigged spending schedule at Skouries in Greece.
cont. http://finance.yahoo.com/news/eldorado-gold-shelves-turkey-brazil-155802093.html