According to an October 10 report in Mining See, a proven gold vein has been discovered at the Skouries gold mine in northern Greece, with an estimated 740,000 tons of ore set to be mined in 2025, the company said.

Skouries (Skouries) mine is located in Greece Halkidiki (Halkidiki), is the Canadian mining giant Eldorado Gold Mining Company (Eldorado Gold) and its subsidiary Hellas Gold Corporation (Hellas Gold) important project. Company executives are taking the project very seriously, hinting that their mining project is nearing the final stages of development.

More than $800 million has been invested in the Skerries project so far, employing about 1,000 people, which is expected to rise to 1,300 in the next six months.

The mine has copper in addition to gold; this is vital for a variety of key technologies and green energy, including those used in electric cars and digital devices.

The Greek government has benefited greatly from this investment, receiving €550 million ($600 million) in tax revenue between 2012 and 2023, and is expected to exceed €2 billion as the project becomes fully developed.

George Burns, president and CEO of Eldorado Gold, emphasized that once production begins, the Skerries mine will significantly increase the company's gold production, and its accompanying copper metal sales will diversify the company's revenues.

Despite the positive outlook, the Skerries Gold Project faces strong opposition from environmental groups and local communities. Concerns about environmental degradation, deforestation, water pollution and impacts on local biodiversity have led to protests and legal challenges.

by GGMIN