Eldorado Gold Corporation is a Canadian company that owns and operates gold mines in Turkey, Greece and Canada. Since its merger with European Goldfields in 2011 the company has been pursuing the development of the Skouries mine, Olympias mine and Stratoni mine in Greece. The company previously developed and operated gold mines in China, Brazil and Mexico. Headquartered in Vancouver and listed on the Toronto and New York Stock Exchanges, Eldorado Gold has developed and operated assets from several merged companies HRC Developments Corporation, Afcan Mining Corporation, Sino Gold Mining, Brazauro Resources, Integra Gold, as well as European Goldfields.
Corporate history
The Eldorado Corporation was incorporated in Bermuda on April 2, 1992, by several entrepreneurs who worked together at Bema Gold. The group had agreed to a contract that would give them a 70% interest in the Mexican La Colorada mining project if they were able to bring the mine into commercial production. In early 1994, La Colorada became Eldorado's first productive mine and by the end of the year they had purchased its remaining interest. Meanwhile, they also fulfilled a similar contract, conducting development-related work in exchange for ownership interest, in the La Trinidad project, also in Mexico. While the mine began production in 1996, and Eldorado gained 100% ownership in 1997, it was shut down and then sold off in 1998 as the price of gold collapsed; La Colorada was sold in 2000 for the same reason.
In April 1996, after fending off a