December 7, 2010 / 10:42 PM / 7 years ago

UPDATE 1-Eldorado resumes construction at China mine

* Production to start at Eastern Dragon in late 2011

* Exploration work seen promising at White Mountain

TORONTO, Dec 7 (Reuters) - Eldorado Gold (ELD.TO) said on Tuesday that it has resumed construction at its Eastern Dragon project in China and the gold and silver mine is expected to start producing in late 2011.

The Canadian company said the project was restarted in late November after a year of permitting work. Construction is expected to continue through the winter.

The Eastern Dragon project has 747,000 ounces of gold in reserves, and 6.6 million ounces of silver.

The Vancouver-based miner also said that drilling at its White Mountain exploration project had resulted in two holes with significant gold values.

Eldorado, which has projects in Brazil, China, Greece and Turkey, expects to produce 625,000 ounces of gold in 2010.

Shares of Eldorado closed down 2.58 percent at C$18.50 on Tuesday on the Toronto Stock Exchange.

$1=$1.01 Canadian Reporting by Julie Gordon; editing by Rob Wilson

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