Company News

BUZZ-Eldorado Gold shares jump on Greek snap poll hopes

** U.S.-listed shares of Eldorado Gold rise 12.2% to $3.49 premarket

** Investors were optimistic that a snap poll called by Greece could result in the election of a new business-friendly party and help resolve permit problems the miner has faced for years

** Vancouver-based co has two operating mines and two development projects in Greece; according to Desjardins, the country accounts for 42% of Eldorado’s operating net asset value

** U.S.-listed EGO shares set to rise for the first time in 3 days

** Gold prices eased off their previous session’s one-week peak on Tuesday, although weakness in equity markets limited losses for the precious metal

** U.S.-listed shares of Eldorado have risen ~8% for the year, while Canada-listed shares have added over 18%, compared with a 15.5% gain on Canada’s main stock index (Reporting by Shreyashi Sanyal in Bengaluru)