Eldorado shares jump on Greek snap election

Shares of Eldorado Gold rose as much as 14.6 percent on Monday on optimism that a snap poll called by Greek Prime Minister Alexis Tsipras could result in the election of a new business-friendly party and help resolve permitting problems the miner has faced for years in Greece.
Tsipras said he would call a snap vote following his leftist SYRIZA party's defeat in European Parliament elections to the opposition conservative New Democracy party.
Eldorado shares were up 13.7 percent at C$4.74 in afternoon trade in Toronto, compared with a 0.3 percent decline in the benchmark S&P/TSX Global Gold Index.
The stock earlier rose to the day's high of C$4.78.
The Vancouver-based company has two operating mines and two development projects in Greece, and has struggled with permitting delays at its Skouries location for years, mainly over environmental regulations.
The...