Eldorado quarterly earnings hit by new Greek tax rate

MINING.com Editor | May 2, 2013 | 11:58 pm Precious Metals Europe Gold

Vancouver-based gold miner Eldorado Gold Corp announced a 2013 Q1 loss attributable to shareholders of $45.5 million, or 6 cents/share.

A change in the Greek tax rate cost Eldorado $125.2 million, adding to its Mediterranean headaches.

2012 Q1 earnings were at $67.9 million, or 11 cents/share.

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