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Eldorado Gold up 9.7%, calling Greek miners back to work

  • Eldorado Gold (EGO +9.7%) is going to call its Greek miners back to work once the company is officially notified of a court ruling that overturned a ban on operations, Reuters reports.
  • The news came from Eldorado's country manager, Eduardo Moura. Greece last month had revoked the company's permit to develop the mine, one of the country's top foreign investments. Eldorado in kind suspended operations and put most of its 1,300 workers on temporary layoffs.
  • On Tuesday, Greece's energy ministry called on Eldorado to allow its workers back to the mine. Greece's top administrative court today temporarily canceled the previous ban pending a final ruling.

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