Sino Gold trading suspended ahead of possible deal

MELBOURNE: Sino Gold Mining Ltd, whose biggest shareholder is Canada's Eldorado Gold Corp, was halted from trading in Sydney yesterday ahead of a possible change of control for the A$1.7 billion ($1.4 billion) company.

"There is no certainty that such a transaction will proceed," Sino, owner of China's second-largest gold mine, said in a statement.

Chief Executive Officer Jake Klein declined to give details on a conference call yesterday to discuss the Sydney-based company's first-half earnings.