Hellas Gold S.A. is a mining company established in Greece in December 2003 to run and operate mines as well as process and trade in ores. In January 2004 Hellas Gold signed a contract with the Greek State acquiring mining rights for the Kassandra Mines.
One of the largest investments in northern Greece, our mining project in NE Halkidiki is a project that integrates the principles of sustainable development, promoting social, environmental and economic responsibility.
It includes parallel exploitation of the Olympias, Skouries and Stratoni deposits, under a single plan to vertically integrate production over a 5-year period.
It entails a net investment of USD 1 billion, directly contributing 30% of its turnover to the Greek State via social security contributions and taxes. To date, around 2,000 direct jobs have been created and there are plans for 5,000 direct and indirect positions when the investment is fully rolled out.
Examples of the policy and philosophy underscoring the company’s project are our deliberate choices relating to working conditions at the Kassandra Mines, environmental management and social policy.
These are choices for which we have regularly received awards from international certification bodies and independent organisations.
• In January 2011, the company obtained OHSAS 18001:2007 certification for its occupational health and safety management system.
• The right choice of environmental policy was confirmed last year when we received ISO 14001 certification.
• In November 2014 as part of the Hellenic Value Awards, the Federation of Industries of Northern Greece awarded us a prize
for our performance in the corporate social responsibility sector.
• A few months later in March 2015 Hellas Gold’s Corporate Social Responsibility Report received a Materiality Disclosure rating from the Global Reporting Initiative, the most important body laying down rules on corporate responsibility report worldwide.
• More recently, we received a Bronze Award from the Corporate Social Responsibility Institute about corporate responsibility actions
we have implemented so far.
All relevant indicators show that our projects are being operated safely for the environment, employees and community.
Hellas Gold was acquired by Eldorado Gold Corporation in February 2012.
Eldorado Gold is a Canadian low-cost gold producer with over 20 years of experience building and operating gold mines in Europe, Asia and South America. The Company is dedicated to responsible operations, the highest safety and environmental standards and working with stakeholders to enhance the communities where it operates. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
