Hellas Gold on Thursday announced that the exploitation of the gold and copper deposits at the Skouries mine in Halkidiki can now go forward, as the board of the parent company Eldorado Gold has approved the investment decision and a facility of 680 million euros, ANA reports.
According to the feasibility study, the total life of the mine will be approximately 20 years, during which it will have an average annual production of 140,000 ounces of gold and 67 million pounds of copper. Production, according to what was made known on Thursday, is expected to begin in the second half of 2025. The resumption of the project in Skouries and its inclusion in the production phase is part of the company’s new investment plan that has been agreed upon, amounting to 3.1 billion euros.
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