The European Bank for Reconstruction and Development (EBRD) aims to foster a sustainable and inclusive mining sector in Greece with an equity investment of €56 million in Eldorado Gold Corporation.

The strategic investment will support the development of the Skouries copper and gold mine in Greece, which is operated by Hellas Gold SA, Eldorado’s wholly owned subsidiary. Eldorado is a Canada-based mining company with a diversified portfolio of operations and assets in Türkiye, Canada and Greece. Skouries is expected to be Eldorado’s key growth driver, with a mine life of more than 20 years.

Based on its extensive expertise in promoting higher environmental standards in the mining sector, the EBRD will also support responsible mining in Eldorado’s operations in Greece. The project will promote human capital development in the mining sector in Greece by developing national occupational standards for digital skills and by scaling up market-relevant, work-based training programmes for young people and long-tenured workers.