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Wednesday, July 17, 2013

As price of gold falls Eldorado announced it will delay Greek mining projects until 2016 or 2017

By Julie Gordon Eldorado Gold Corp said on Tuesday it will cut 2013 capital spending by 35 percent and push back the start of various projects, making it the latest producer to curb spending in response to low gold prices.Eldorado, a mid-tier producer that owns mines in Turkey, Greece and China, said its operating plan now assumes a gold price of $1,250 an ounce for the foreseeable future.Gold ...

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