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North American gold producer Eldorado Gold will sell its 82% interest in the Jinfeng mine to its minority local partner, a subsidiary of China National Gold Group (CNGG), for US$300 million in cash.
Eldorado Gold is selling its stake in the Jinfeng mine, China
The sale is part of the company's previously mooted strategy of selling off its Chinese assets as it looks to distance itself from the region.
Shares in gold producer at 14-month high
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