TSX: ELD NYSE:
EGO
VANCOUVER, March 12, 2018 /PRNewswire/ - Eldorado Gold
Corporation, ("Eldorado" or "the Company") today announces several
changes to its senior management team to support the Company's
strategy of focusing on delivering production and earnings growth
from its portfolio of high quality assets.
Fabiana Chubbs, Eldorado's Chief Financial Officer ("CFO")
since 2011, will leave the Company at the end of April 2018.
Mrs. Chubbs will continue to serve as CFO until her departure and
will work during the coming weeks to ensure an orderly transition
of her responsibilities. The Company has commenced a search for her
successor.
"I want to thank Fabi for her contributions to Eldorado over the past decade," said
George Burns, Eldorado's President and Chief Executive
Officer. "She has been instrumental in managing Eldorado's finances in order to position us to
deliver on the pipeline of projects in our portfolio. We appreciate
Fabi's commitment to ensuring a smooth transition and wish her well
in her new endeavors."
Timothy Garvin has joined
Eldorado as Executive Vice
President and General Counsel. Mr. Garvin has extensive experience
as senior in-house legal counsel, having worked for a number of
large companies in the resource sector in a range of international
jurisdictions. He will be responsible for overseeing the legal
function Company-wide and providing strategic legal advice to the
business units, management and the Company's Board of
Directors.
Andor Lips has joined the
Company, as Vice President, Government Relations Europe, and is
based in Eldorado's Amsterdam office. Mr. Lips brings over 20
years of experience in mineral exploration, project development,
mining finance and stakeholder engagement, most recently holding
senior positions with Lydian International Ltd., ING Bank N.V., and
the Commodity Discovery Fund. He is responsible for providing
comprehensive advocacy to support the growth of Eldorado's business interests in Europe.
After nearly 20 years with Eldorado, Dawn
Moss, Executive Vice President, Administration, retired from
Eldorado's management team at the
end of February 2018.
Also departing the Company at the end of February after more
than 20 years was Eduardo Moura, who
served as Vice President and General Manager of Greece for more than five years and most
recently as Vice President, Special Advisor to the President and
CEO for the past four months.
George Burns concluded, "On
behalf of our employees and the Board of Directors, I would like to
thank Dawn and Eduardo for their contributions, hard work and
dedication to the Company. We wish Dawn well in her retirement and
wish Eduardo all the best as he moves forward to pursue new
opportunities. Finally, I am pleased to welcome Tim and Andor and
look forward to their contributions to the leadership team."
About Eldorado Gold
Eldorado is a leading
intermediate gold producer with mining, development and exploration
operations in Turkey, Greece, Romania, Serbia, Canada and Brazil. The Company's success
to date is based on a highly skilled and dedicated workforce, safe
and responsible operations, a portfolio of high-quality assets, and
long-term partnerships with the communities where it
operates. Eldorado's common
shares trade on the Toronto Stock Exchange (TSX: ELD) and the New
York Stock Exchange (NYSE: EGO).
Cautionary Note about Forward-looking Statements and
Information
Certain of the statements made and information
provided in this press release are forward-looking statements or
information within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Often, these forward-looking statements and
forward-looking information can be identified by the use of words
such as "plans", "expects", "is expected", "budget",
"continue", "projected", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negatives thereof or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved.
Forward-looking statements or information contained in this
release include, but are not limited to the Company's changes to
its senior management team including statements or information with
respect to: our expectation as to future financial and operating
performance, including future cash flow, ; and our strategy, plans
and goals, and related timelines.
Forward-looking statements and forward-looking information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information.
Furthermore, should one or more of the risks, uncertainties or
other factors materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described
in forward-looking statements or information. These risks,
uncertainties and other factors include, among others, the
following: geopolitical and economic climate (global and
local), mineral tenure and permits; gold and other metal price
volatility; mining operations and development; foreign country
operations; sovereign investment; regulatory environment and
restrictions, including environmental regulatory restrictions and
liability; discrepancies between actual and estimated production,
mineral reserves and resources and metallurgical testing and
recoveries; the sale of our Chinese assets on the Company's
operations; the acquisition of Integra Gold Corp.; additional
funding requirements; currency fluctuations; litigation and
arbitration risks; climate change; community and non-governmental
organization actions; speculative nature of gold exploration;
dilution; share price volatility; competition; loss of key
employees; and defective title to mineral claims or property, as
well as those factors discussed in the sections entitled
"Forward-Looking Statements" and "Risk factors in our business" in
the Company's most recent Annual Information Form and Form
40-F. The reader is directed to carefully review the detailed risk
discussion in our most recent Annual Information Form filed on
SEDAR under our Company name, for a fuller understanding of the
risks and uncertainties that affect the Company's business and
operations.
Even though our management believes that the assumptions made
and the expectations represented by such statements or information
are reasonable, there can be no assurance that the forward-looking
statement or information will prove to be accurate. Many
assumptions may be difficult to predict and are beyond our
control.
Forward-looking statements and information is designed to help
you understand management's current views of our near and longer
term prospects, and it may not be appropriate for other
purposes.
There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, you should not place undue reliance
on the forward-looking statements or information contained
herein. Except as required by law, we do not expect to update
forward-looking statements and information continually as
conditions change and you are referred to the full discussion of
the Company's business contained in the Company's reports filed
with the securities regulatory authorities in Canada and the U.S.
SOURCE Eldorado Gold Corporation