Eldorado Gold’s assets in Greece are key to its strategic development plans, the CEO of the Canadian company, George Burns, said speaking at the Toronto Economic Forum II, organized by the Delphi Economic Forum in collaboration with the Hellenic Initiative-Canada, the Hellenic-Canadian Chamber of Commerce and the Hellenic-Canadian Board of Trade.
According to Burns, Eldorado Gold aspires to become one of the largest copper producers in the European Union through Greece. In particular, the CEO of Eldorado Gold noted – among other things – that “the copper by-product in Skouries is so important that we will become one of the largest copper producers in the European Union. And we are proud of the role Skouries will play in contributing to Europe’s copper self-sufficiency against other, third-party sources.” He also noted that the project is 2/3 complete and that commercial production is expected to begin in late 2025.
Significant investments
Regarding Olympias, the president of Eldorado Gold said that the company, which has owned the mine for about a decade, has made significant investments that increase its productivity but also invests in addressing issues from “environmental heritage” of earlier users.
“This is all part of our commitment to responsible mining,” Burns emphasized and noted that “this commitment will also be seen in the Skouries project, an investment that will undoubtedly pave the way by attracting other mining companies to explore the vast untapped geological potential of the country. Both Olympias and Skouries have the potential to become world-class mines.”
Exploration program
“We currently have 12 million ounces of gold in proven and possible reserves, 41% of those within Greece. We also have an ongoing exploration program that continues to replenish and grow our resources and reserves,” Burns stated.
For 30 years, Eldorado Gold has been paving new ways in the mining sector, and its sustained success is founded on three pillars.
1. A diversified portfolio of high-quality, long-life assets;
2. An unwavering commitment to innovation and sustainability;
3. And a series of strategic growth projects unique amongst our peers.
