VANCOUVER (miningweekly.com) – A contractor employee has died on site at Vancouver-based miner Eldorado Gold’s Skouries project, in Greece, the company announced on Tuesday.
The company, which maintains equity listings on both the TSX and the NYSE, advised that the employee was struck by a branch from a falling tree, resulting in fatal injuries.
An investigation is under way.
The first phase of the Skouries project is expected to start production in 2020. The project will use a combination of openpit and underground mining over nine years, producing a total of 1.4-million ounces of gold and 620-million pounds of copper, at average cash operating costs of -$255/oz of gold, owing to copper by-product credits.
Development capital over the Phase 1 is budgeted at $710-million and includes all mine development and process facilities.
Phase 2 involves underground mining for a 15-year period once Phase 1 is complete. Total output during this phase is expected to be 1.7-million ounces of gold and 850-million pounds of copper, at average cash operating costs of $165/oz of gold, also supported by strong copper by-product credits. Development capital during Phase 2 is budgeted at about $460-million.