Eldorado Acquires Gold Field's 19.9% Stake in Sino Gold Mining Venture

Vancouver-based Eldorado Gold Corporation announced that it has entered into an agreement to acquire 57.9 million shares or 19.9% of Sino Gold Mining Limited, an Australian public company focused on the exploration and production of gold in China. Sino Gold has two operating mines, Jinfeng and White Mountain, in China. Eldorado will acquire the shares from South-Africa’s Gold Fields Limited in a private transaction in exchange for 27.8 million Eldorado shares. Eldorado is a gold production, exploration and development company with businesses in Brazil, China, Greece and Turkey.