Skouries project by Hellas Gold 94% complete

The progress of the investment was presented by Hellas Gold to representatives of institutional, scientific and business organisations, who visited the mining facilities and were briefed on the development of one of the largest industrial projects currently underway in Greece.

The visit was attended, among others, by representatives of the Association of Greek Mining Enterprises (SME), the Hellenic Survey of Geology and Mineral Exploration (HSGME), the Technical Chamber of Greece / Central Macedonia Branch, the Federation of Industries of Greece (SBE), the Greek Exporters Association (SEVE), the Thessaloniki Chamber of Commerce and Industry (EBETH), as well as other productive sector bodies.

The visit took place one week after a similar briefing for representatives of the media, as part of the company’s ongoing policy of information and dialogue throughout the implementation of the project.

Strategic investment

The Skouries project represents the largest development component of Eldorado Gold’s Kassandra Mines investment, with a total value exceeding $3 billion. Specifically for the Skouries mine, the investment surpasses $2 billion and focuses on the production of copper and gold.

Copper is considered one of the most critical raw materials for the energy transition, as it is a key input for electricity networks, renewable energy systems, electric vehicles and digital infrastructure. The operation of the mine is expected to strengthen Greece’s position within the European critical raw materials supply chain.

Economic impact and employment

According to company data, the Kassandra Mines investment currently supports approximately 5,200 direct and indirect jobs, with 77% of employees originating from the wider local community of northeastern Halkidiki.

At the same time, Hellas Gold is implementing a $80 million social investment programme covering initiatives in health, education, environmental protection and local development.

With construction nearing completion, Skouries stands as one of the most significant investment projects in the Greek mining industry, at a time when Europe is seeking to strengthen domestic production of critical raw materials and reduce its dependence on imports.