Skouries

Eldorado Gold Corporation and its wholly-owned subsidiary Hellas Gold announced on Wednesday that they have completed the 680 million euro ($742 million) financing for developing the controversial Skouries project in Northern Greece. The funding agreement is structured to provide 80%...

Eldorado Gold, the Canadian mining company, announced on Thursday that the exploitation of the gold and copper deposits at the Skouries mine in Halkidiki, Greece can now go forward as the board approved the investment decision and a facility...

Canadian firm Eldorado Gold has signed a mandate letter for a credit-committee-sanctioned €680 million finance facility from Greek banks to develop the Skouries project in northern Greece. According to the feasibility study, the project is expected to cost $845 million...

The Canadian mining firm Eldorado Gold Corp confirmed on Tuesday that it has received installation permits for both its stalled Skouries mine project and the Olympias mine from Greece’s Ministry of Energy and Environment. The permit will allow for the installation of...

Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic turmoil for most of the last decade. Greece’s GDP shrunk 26% in the span of eight...

The new government’s Energy and Environment Minister, Costis Hatzidakis, has said that two of Greece’s biggest investment projects that have been stalled or blocked for years, will be immediately revived.   The Helliniko privatization in coastal southeast Athens and the Skouries...

Eldorado Gold President and CEO George Burns said this week that the upcoming general elections in Greece will be the catalyst for the mining company's investment in the country. The statement was made during a teleconference with analysts in regard...

Greece's opposition leader Kyriakos Mitsotakis pledged to issue permits for the mining project in Skouries, northern Greece, in his very first month in office and push for the development of the site of the former Athens Airport of Hellinikon. In...

Eldorado Gold Corporation confirmed that its Greek subsidiary, Hellas Gold, has filed for compensation of approximately €750 million for damages from the Greek state. The move, according to the company, arises from delays in the issuance of permits for the...

Canada’s Eldorado Gold Corp and its subsidiary Hellenic Gold on Wednesday received a positive ruling from arbitrators on its planned gold mining plant in Greece, Reuters says. However, the company is awaiting mine development permits, after it had suspended operations...