Greek court’s final ruling lets Eldorado resume operations

Construction at Eldorado's Skouries gold and copper mine.

Shares in Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) were trading around 3.7% higher mid-day in Toronto Monday, after Greece’s top administrative court officially annulled a government decision that suspended the miner’s operations in the country’s north.

The Vancouver-based company had said Friday that all of its employees and contractors were already back at work on the Skouries and Olympias projects, while mining had resumed at Stratoni.

Today’s decision cancels an October ruling that allowed Eldorado Gold to resume mining only temporarily, Reuters reports.

The energy and environment minister had temporarily halted work at the company’s Skouries mine in August, saying that Eldorado had violated terms of technical studies.

According to documents released by the government, such transgressions concerned a project to build a copper and gold processing plant, including not carrying out certain tests on the flash smelting process proposed for use.

Eldorado appealed to Greece's top court to overturn that decision, achieved today.

The project has divided residents with supporters and opponents staging multiple demonstrations and, at times, clashing. Eldorado has fought several legal battles as it works to develop the mine.

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