TD Securities analyst Steven Green lowered the firm’s price target on Eldorado Gold (EGO) to $16 from $17 and keeps a Hold rating on the shares after the company delayed the expected start up of its Skouries project in Greece by about six months and increased the capex budget by $297M and reduced 2025 production guidance by 10%. The firm maintains its view that Greece is “a challenging jurisdiction to build and operate a mine,” the analyst tells investors.
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