ELDORADO GOLD
EUROPE acquisition . We ’ re building a portfolio of extremely high quality , long-lived assets .”
The company is currently focused on the development of two projects in Greece : Olympias and Skouries .
“ The Olympias mine was a pre-existing polymetallic mine producing silver , lead , zinc and gold ,” said Wright . “ We ’ re currently developing it in three phases .”
The first phase is a rehabilitation project , where Eldorado is cleaning up 2.4 million tonnes of preexisting surface tailings .
“ We ’ re half way through the cleanup where we are treating the tailings by running them through a refurbished processing plant ,” added Wright .
The second phase will include the reactivation of the mine .
“ We ’ re in the process of rehabilitating and redeveloping the underground mine and we ’ ll be looking at processing ore through the existing , refurbished mill using a flotation process to produce three concentrates : lead-silver , zinc and gold-bearing pyrite-arsenopyrite ” said Wright . “ We ’ re looking at an initial run rate of approximately 400,000 tonnes per year from the underground mine .”
The third and final stage will be doubling the throughput of the underground mine , including a new plant facility , which will be roughly eight kilometres from the mine .
“ We ’ re in the process of driving an eight km tunnel to connect the new plant location with the
Main access portal at Olympias
Olympias site
‘ The Olympias mine was a pre-existing polymetallic mine producing silver , lead , zinc and gold ’
– Paul Wright , CEO
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