The agreement provided enhanced fiscal revenues, environmental benefits, and support for local communities in the form of job creation and local projects.
It also paved the way for the reception of a long-awaited permit for the use of dry stack tailings disposal at Skouries.
“Financing discussions continue to advance, and we are evaluating all available options,” chief executive George Burns told MINING.COM.
These options include a joint venture with equity partners, project and debt financing through European and Greek lenders, the European Union’s Recovery and Resilience Fund, and metal streams.
Eldorado expects to have financial backing and board approval in coming weeks, with restart of construction at Skouries in the second half the year, Burns added.
Based on the feasibility study for the project, building the first phase of Skouries will cost about $845 million, a 23% increase from the $689 million estimate in…
