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Actionable news in EGO: ELDORADO GOLD CORPORATION,

Eldorado Gold (EGO) Stock Gains After Selling Chinese Assets

NEW YORK (TheStreet) -- Eldorado Gold (EGO) stock is advancing 4.83% to $5.11 in early afternoon trading on Monday after the Canadian gold mining company found a buyer for its assets in China.

Eldorado Gold will sell its interest in the White Mountain mine, the Tanjianshan mine and the East Dragon development project to Yintai Resources for $600 million in cash.

The agreement comes less than a month after the company agreed to sell its 82% interest in the Jinfeng mine to China National Gold for $300 million. Both transactions are expected to close by the end of the year.

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