RTRS: UPDATE 1-European Goldfields full-year loss narrows
* Posts record high gold concentrate sales from Olympias
* Says talks to finance Certej project are well advanced
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LONDON, March 18 (Reuters) - European Goldfields (EGU.TO: Quote) (EGUq.L: Quote) said its pretax loss narrowed last year, helped by record high gold concentrate sales from the Olympias project.
On Tuesday, the shares jumped almost 7 percent after the company announced it had won a key environmental permit for its Certej gold-silver project in Romania, taking it a step closer to production in the country.
The permission process for Certej and the company's bigger projects in Greece have dragged on for years.
European Goldfields said on Thursday talks with a group of financing institutions to develop Certej were well advanced.
Its pretax loss for 2009 narrowed to $8.4 million from $11.6 million in 2008. (Reporting by Julie Crust; Editing by Dan Lalor)