Eldorado Gold Corp. Plunged 40.9% in October: What's Next?
It was a month investors in Eldorado Gold (NYSE: EGO) would want to forget in a jiffy. Shares of the junior gold miner plunged 40.9% in October, extending its year-to-date losses to a whopping 61% as of Oct. 31.
Eldorado shares were already under tremendous pressure after the Greek government recently announced arbitration proceedings against the gold miner to settle disputes over its developing projects in northern Greece.
In October, Eldorado gave investors another shocker when it provided an update on its Kisladag mine in Turkey and followed it up with its third-quarter earnings.
Source: Fool.com