BUZZ-Eldorado Gold Corp: Greece says not to block operations

Wed Feb 25, 2015 11:09am EST
 
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** Canadian gold producer's shares up 7.6 pct at C$7.03; U.S.-listed shares up 7 pct

** Greece's new left-wing government will not block Eldorado Gold's mining operations in the country's north, a senior energy ministry official says

** However, government to review if permits for a processing plant at the site is in line with the law, official says

** Move appears to be a step back from the sharp comments by the energy minister last month when he told Reuters his government was "absolutely" opposed to the Skouries gold mine run by Eldorado

** Company last Thursday raised capital budget for the mine by 84 pct to $200 mln

** Up to Tuesday's close, Toronto-listed stock had fallen 7 pct since the new government was sworn in Greece late January