#United States #Los Angeles #Schall Law Firm #Securities Fraud #Eldorado Gold

Ongoing Fraud Investigation of Eldorado Gold Corporation

The Schall Law Firm has initiated an investigation concerning Eldorado Gold Corporation, known on the stock market as NYSE EGO. This examination aims to assess whether the firm has violated securities laws by potentially issuing misleading or false statements to its investors.

On February 5, 2025, Eldorado Gold released a press statement that outlined the construction updates for its copper-gold project, Skouries, located in Greece. This press release highlighted the company's updated production and cost guidance for the year 2025 and a three-year production forecast. However, the firm admitted that tight labor conditions in the Greek construction sector have persisted, which has hindered the availability of essential personnel necessary for the Skouries project. As a result, there has been a slowdown in the workforce build-up and certain aspects of the project have been delayed.

The company disclosed that the timeline for the first production at Skouries has now been pushed back to the first quarter of 2026, with commercial production not expected until mid-2026. Additionally, the revised capital cost associated with the project has seen a significant upward adjustment, amounting to approximately $143 million, representing a 15.5% increase from previous estimates. This brings the overall projected capital cost to about $1.06 billion.

Following this announcement, the market reacted sharply. Shares of Eldorado dropped by 11.27% the day after the news broke, raising alarms among investors regarding the future viability of their investments. Understanding these developments is crucial for shareholders aiming to protect their stakes in the company.

If you are a shareholder and have faced a loss due to these developments, it is highly advisable to reach out to the Schall Law Firm. They offer legal support and free consultations to determine your rights and potential avenues for addressing your financial losses.

Contact Information

Brian Schall, attorney at Schall Law Firm, is available for consultations and can be contacted at their Los Angeles office. Shareholders are encouraged to engage with the firm to explore their options and discuss the details of the investigation. The firm's mission centers around representing investors globally and specializing in securities class actions and shareholder rights litigation.

This investigation may come under scrutiny as a potential Attorney Advertising scenario in various jurisdictions, and the firm is committed to adhering to the ethical guidelines applicable in legal practice.

As the situation develops, it is essential for investors to stay informed and consider the implications of the ongoing investigation. By participating, they have the opportunity to safeguard their investments and take action against potential securities fraud.

In summary, the unfolding events surrounding Eldorado Gold and the proactive approach taken by the Schall Law Firm highlight the necessity for investors to defend their rights and interests in an evolving market landscape.