European Goldfields
Toronto symbol EGU, holds a 95% interest in Hellas Gold. Hellas owns three gold and base metal deposits in Northern Greece. The deposits are the Stratoni zinc/ lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
EUROPEAN GOLDFIELDS $11.95 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 183.8 million; Market cap: $2.2 billion; No dividends paid) is now the subject of a friendly takeover bid from Eldorado Gold (symbol ELD on Toronto). The offer is for 0.85 of an Eldorado share and $0.0001 in cash for each European Goldfields share. European …read more »
EUROPEAN GOLDFIELDS $12.16 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 183.8 million; Market cap: $2.2 billion; No dividends paid) is up over 20% since early December. The rise came after the company confirmed that unnamed potential buyers have approached it about a takeover.
Eldorado Gold, symbol ELD on Toronto, and Centerra Gold, symbol CG on …read more »
EUROPEAN GOLDFIELDS $9.97 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 183.8 million; Market cap: $1.8 billion; No dividends paid) has attracted a number of investments from Qatar Holdings LLC, a division of Qatar’s sovereign wealth fund, to develop its mines.
Qatar Holdings has given European Goldfields a seven-year, $600 million U.S. loan. In addition, Qatar …read more »
EUROPEAN GOLDFIELDS $12.14 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 184.8 million; Market cap: $2.2 billion; No dividends paid) holds a 95% interest in Hellas Gold. Aktor S.A., Greece’s largest construction company, owns the other 5% of Hellas, as well as 19.3% of European Goldfields’ shares.
Hellas owns three gold and base-metal deposits in Greece: …read more »
EUROPEAN GOLDFIELDS $14.36 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 182.4 million; Market cap: $2.6 billion; No dividends paid) holds a 95% interest in Hellas Gold. Hellas owns three gold and base-metal deposits in Greece: the Stratoni zinc/lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
In the three months ended September 30, …read more »
EUROPEAN GOLDFIELDS $3.53 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 179.4 million; Market cap: $633.2 million) holds a 95% interest in Hellas Gold.
Hellas owns three gold and base-metal deposits in northern Greece: the Stratoni zinc/ lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
Production at Stratoni started in September 2005. Permits to …read more »
Gold is now at $978 U.S. an ounce, up 36% since November 2008. That’s mainly because investors fear that low interest rates and government stimulus spending will spur inflation. Gold should also continue to gain as the credit crisis makes it harder for gold companies to fund new projects and increase production.
We still think the best way to participate in …read more »
EUROPEAN GOLDFIELDS $3.06 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 179.4 million; Market cap: $548.9 million) holds a 95% interest in Hellas Gold. Hellas owns three gold and base metal deposits in Northern Greece. The deposits are the Stratoni zinc/ lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
Production started at Stratoni …read more »
Gold hit a high of $850 an ounce in 1980, then worked its way downward for 25 years. It began rising again in 2002, and rose to a record high of $1,011 in March 2008.
Gold moved down after that March high, to a recent low of $750. That, in turn, pushed gold mining stocks down. However, gold recently jumped $66 …read more »
EUROPEAN GOLDFIELDS $5.06 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 179.3 million; Market cap: $907.0 million) owns properties in Greece and Romania. The company is headquartered in the UK.
European Goldfields holds a 65% interest in Hellas Gold. Hellas owns three gold and base metal deposits in Northern Greece. The deposits are the Stratoni zinc/ …read more »
