Eldorado Gold (NYSE: EGO) Chinese Currency Exposure

in China Currency currencies eldorado-gold Gold Gold Bullion prices Gold Mining Gold Mining Company Gold Prices by admin — March 14, 2010 1:53 pm | no comments

Any time and company enters a foreign market, they gain exposure to flucuating value in the nation’s currency, and that’s the case with Eldorado Gold (NYSE:EGO) when they entered the Chinese market in 2009 via the acquisition of Sino Gold Mining in China. While a small change in the value of the reminbi wouldn’t have a significant effect on Eldorado Gold, a major move definitely would. But

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Eldorado Gold (NYSE: EGO) Chinese Currency Exposure

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