Total
0
Shares
Eldorado Gold (TSX:ELD) receives approval for use of dry stack tailings at Skouries
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Eldorado Gold (ELD) receives approval for use of dry stack tailings at Skouries
  • Dry stack technology involves filtering tailings to remove water prior to stacking and compacting the dry material in a designated tailings area
  • Using dry stack tailings disposal provides several benefits to the Skouries project
  • Skouries is a high-grade gold-copper porphyry project that is partially constructed and currently on care and maintenance
  • Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil
  • Eldorado Gold Corporation (ELD) is down 1.86 per cent and is trading at C$13.21 at 3 pm ET

Eldorado Gold Corporation (ELD) has received approval for a modification to the Kassandra Mines Environmental Impact Assessment.

The modification will allow for the use of dry stack tailings disposal at the Skouries project.

Dry stack technology involves filtering tailings to remove water prior to stacking and compacting the dry material in a designated tailings area.

Using dry stack tailings disposal provides several benefits to the Skouries project. Listed below are three:

  • Dry stacked material is denser than conventional slurry tailings and can be stacked and compacted, thus occupying less space and reducing the environmental footprint of the facility by 50 per cent
  • Water removed from the tailings will be recycled, reducing the need to extract water from local sources
  • Allows for continuous reclamation, making final reclamation at the end of mine life faster and easier

“Receipt of this approval is a major milestone for the Skouries project and the use of dry-stack technology results in a number of safety, environmental and economic benefits,” said George Burns, President and CEO.

“Investment in dry stack at Skouries demonstrates our commitments to using best available environmental technologies at our mines and to ensuring the safety and protection of people and the environment," added Burns.

The Skouries project is one component of the Kassandra Mines, which includes the nearby Olympias mine and the Stratoni/Mavres Petres mine.

On February 5, 2021, Eldorado Gold signed an amended investment agreement with the Hellenic Republic to govern the further development, construction and operation of the Kassandra Mines and facilities in northern Greece.

The agreement was approved and ratified by the Greek Parliament on March 17, 2021.

Skouries is a high-grade gold-copper porphyry project that is partially constructed and currently on care and maintenance.

Skouries is expected to operate for approximately 23 years based on current reserves, initially as an open pit and underground mine, followed by underground mining only.Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil.

It has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.

Eldorado Gold Corporation (ELD) is down 1.86 per cent and is trading at C$13.21 at 3 pm ET.

More From The Market Herald
Battery Mineral Resources - Cobalt bloom in calcite vein from Bald Rock - The Market Herald Canada

" Battery Mineral Resources (TSXV:BMR) announces encouraging drill results from Punitaqui

Battery Mineral Resources (BMR) has received more results from ongoing exploration at the Punitaqui mine complex.
CanAlaska Uranium (TSXV:CVV) raises over $1M in first placement tranche

" Appia Energy (CSE:API) commences airborne radiometric surveys

Appia Energy (API) has started the first of two radiometric surveys on its uranium properties in the Athabasca Basin in northern Saskatchewan.
Provenance Gold (CSE:PAU) reports drilling has begun at White Rock

" Provenance Gold (CSE:PAU) announces results of 800-meter drill hole at White Rock

Provenance Gold (PAU) announced that a major step-out drill hole at the White Rock property intersected 117 metres of gold mineralization.