European Goldfields Ltd. (EGU.TO)
European Goldfields Ltd. is a resource company involved in the acquisition, exploration and development of mineral properties in Greece, Romania and South-East Europe.
European Goldfields Ltd. (TSX: EGU / AIM: EGU) is a resource company involved in the acquisition, exploration and development of mineral properties in Greece, Romania and South-East Europe.
European Goldfields’ common shares are listed on the AIM Market of the London Stock Exchange and on the Toronto Stock Exchange (TSX) under the symbol EGU.
Greece
European Goldfields holds a 95% interest in Hellas Gold S.A. (“Hellas Gold”). Hellas Gold owns three major gold and base metal deposits in Northern Greece. The deposits are the polymetallic operation at Stratoni, the Olympias project which contains gold, zinc, lead and silver, and the Skouries copper/gold porphyry project. Hellas Gold commenced production at Stratoni in September 2005 and commenced selling an existing stockpile of Olympias gold concentrates in July 2006. Hellas Gold is applying for permits to develop the Skouries and Olympias projects.
Romania
European Goldfields owns 80% of the Certej gold/silver project in Romania. European Goldfields submitted in March 2007 a technical feasibility study to the Romanian government, in support of a permit application to develop the project. In March 2008, European Goldfields submitted the Environmental Impact Study to the Romanian environmental authorities to start the assessment of the environmental impact of the Certej Project.
Mark Rachovides, Director (Executive Vice President)
Mark Rachovides joined the board and was appointed as Executive Vice President in July 2008. Mark was previously Vice President, Europe at Dundee Resources Limited and is a well-known specialist in the Company’s region of operations. He formerly spent 11 years at the European Bank for Reconstruction and Development (EBRD) leaving as a Senior Banker in the Natural Resources Team where he was responsible for mining investments. He has been involved in a wide variety of projects in the Former Soviet Union and Eastern Europe. He is also Lead Director of High River Gold Mines Limited, a Canadian mining company operating in Russia and Africa and a director of Uzhuralzoloto, one of Russia’s largest gold producers. His recent former directorships include Cunico Resources a Base metals producer in Europe and Africa, and OJSC Buryatzoloto, a mining company in Russia. He led the EBRD‘s financing of several major mining projects, including the Kubaka Project in Russia, the Chelopech project in Bulgaria and the Zarafshan-Newmont project in Uzbekistan. He has also led oil and gas financings in the Balkans and the FSU. He has also written a number of articles and conference presentations for the LBMA, the World Gold Council, PDAC, the Mining Journal, the Russia-Canada mining group and other bodies. He has twenty-two years’ experience in banking, an MA from Oxford University and is an Associate of the Chartered Institute of Bankers.
Corporate Office
European Goldfields (Services) Limited
11 Berkeley Street, Level 3
London, England
W1J 8DS
Tel: +44 (20) 7408 9534
Fax: +44 (20) 7408 9535