Eldorado Gold Corp to exit China in US$600 million deal with Yintai Group affiliate

, Income

An Eldorado gold mine.

Eldorado Gold Corp. is finally making its long-awaited exit from China.

The Vancouver-based miner unveiled a deal Monday to sell its White Mountain, Tanjianshan and Eastern Dragon operations in China for US$600 million in cash. The buyer is an affiliate of the Yintai Group, a large Chinese conglomerate involved in many different industries.

Just three weeks ago, Eldorado agreed to sell its Jinfeng mine to China National Gold Group for US$300 million.

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