Eldorado Gold is no longer planning to suspend its Greek investments after making progress on its troubled relationship with the country's government.

The company announced Thursday that its Greek subsidiary Hellas Gold S.A. had entered into "constructive dialogue" with Greece's Ministry of Energy and Environment and that last week the Ministry issued "a number of long overdue routine permits" for its Olympias project.

Eldorado CEO George Burns said in a statement the company is "very pleased" with how the dialogue is progressing. "As a result of these developments we have decided to temporarily postpone our decision to place our assets in Halkidiki on care and maintenance."

On Sept. 11 Eldorado announced it would suspend investments on Sept. 22 unless certain conditions were met. These included the approval and issuing of long-delayed permits, details about threatened arbitration proceedings and starting a constructive dialogue with the Greek government.

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The Skouries and Olympias projects and Stratoni mine, known collectively as the Kassandra assets, were permitted under a single environment impact study approved by the Greek government in 2011. Ever since, the company has struggled to develop its projects there, particularly the Skouries project, under Prime Minister Alexis Tsipras's Syriza government.

But the positive developments are still tentative, Burns said.

"We preserve the right to place our assets on care and maintenance and to take prompt legal action to protect the company and its assets in Greece should our dialogue with the Ministry of Energy and Environment prove unsuccessful."

Burns added that the company is confident that the arbitration process initiated last week by the Greek government will be concluded in a “timely and efficient manner.”