5.4 C
Belgrade
17/04/2024
Mining News

Greece, The utilization of the gold and copper deposits at the Skouries mine can now proceed

Hellas Gold on Thursday announced that the utilization of the gold and copper deposits at the Skouries mine in Halkidiki can now proceed, as the board of parent company Eldorado Gold has approved the decision to invest 680 million euros.

The total life of the mine will be some 20 years, with an average annual production of 140,000 ounces of gold and 67 million pounds of copper. Production, the firm said, is expected to begin in the second half of 2025.

The resumption of the project at Skouries and its entry into the production phase is part of the company’s new investment plan that has been agreed, amounting to €3.1 billion, Ekathimerini reports.

Supported by

Related posts

Turkish mine incident sparks concerns over cyanide contamination and mining safety

David Lazarevic

China Mining Energy Group enters copper mining project in Uzbekistan

David Lazarevic

Denarius Metals Corp. unveils pre-feasibility study results for Aguablanca Nickel-Copper Project in Spain

David Lazarevic
error: Content is protected !!