LOS ANGELES, Feb. 21, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Eldorado Gold Corporation ("Eldorado" or "the Company") (NYSE: EGO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Eldorado issued a press release on February 5, 2025, "providing an update on the construction progress at its copper-gold Skouries Project ('Skouries' or the 'Project'), detailed 2025 production and cost guidance, and three-year production outlook." According to the Company, "labour market tightness in Greece, particularly pronounced in construction, has continued to limit the availability of key construction personnel at Skouries, resulting in a slower ramp-up of the workforce and delayed progress in certain areas of the Project," adding that "first production at Skouries is now expected in the first quarter of 2026, followed by commercial production expected in mid-2026." The Company also disclosed that "the revised Project capital cost estimate incorporates an increase of approximately $143 million or 15.5% over prior capital cost estimates, to a total of approximately $1.06 billion." Based on this news, shares of Eldorado fell by 11.27% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/ego-investors-have-opportunity-to-join-eldorado-gold-corporation-fraud-investigation-with-the-schall-law-firm-302382717.html
SOURCE The Schall Law Firm
