BUZZ-Eldorado Gold Corp: To sell China assets for $600 mln

Mon May 16, 2016 12:06pm EDT
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** Canadian miner's shares up 4 pct at C$6.58; U.S.-listed shares up 4.5 pct at $5

** To sell its stake in some Chinese assets for about $600 mln in cash to Yintai Resources Co Ltd

** Assets include White Mountain, Tanjianshan Mines and Eastern Dragon Development Project

** Also boosted by recovery in gold prices from their biggest weekly loss since mid-March

** Up to Friday's close, Toronto-listed shares had gained 54.4 pct YTD, while U.S.-listed stock had risen 64 pct