Eldorado Gold has been granted two more permits by the Greek government. The company said on Friday it had received the approval of the technical study for the old Olympias mine closure and the installation permit for a paste plant at the re-developed Olympias project.

"This is another positive step forward; however, we are still waiting on the other matters, which we continue to believe can be resolved through good faith negotiations," said Eldorado president and CEO George Burns in a statement.

Due to delayed permits, an arbitration threat against Eldorado’s Greek subsidiary Hellas Gold S.A. and what the company says is a government unwilling to have co-operative discussions, Burns announced Monday that the company would suspend investments in Greece effective Sept. 22 unless conditions they had were met.

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In the days that followed some conditions were met, including receiving permits and information on the arbitration.

The company is still waiting for the issuance of the amended electromechanical installation permit for the Skouries flotation plant. There are also other matters that include the “relocation of antiquities” at the Skouries site.

The company said in the same statement that upon receipt of its lone outstanding permit and "the Greek government being willing to engage with us in constructive discussions" Eldorado Gold would reassess their investment options in Greece.

Eldorado Gold's share price jumped 16 per cent on Wednesday to close at $2.79 following the news that the Greek government had approved the first two of the required permits.