Market Overview

Eldorado Gold Reverses Early Morning Gains; Co. Has Received Permits In Greece


Shares of Eldorado Gold Corp (NYSE: EGO) were trading higher by more than 2 percent shortly after Friday's opening bell, only to return losses and trade near flat after 90 minutes of trading.

Investors and traders were buyers of Eldorado's stock in the morning after the company confirmed that it has received the necessary building permits for a processing plant in Greece.

Eldorado stated that Greece's Supreme Court on administrative and environmental matters ruled favorably on the company's request to operate its Skouries processing plant.

Finally, the company noted that its processing plant still requires the issuance of routine permits and licences before the project can operate.


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