The benefits of Eldorado Gold’s mining projects go far beyond the value of the metals we produce. Our Olympias, Skouries and Stratoni assets in Greece are creating a series of direct, indirect and induced economic impacts that is benefitting local communities and the national economy.
This ripple-effect of economic activity multiplies as it moves outwards from our mining projects. Studies by the International Council on Mining and Metals (ICMM) estimate that for every $1 of economic activity invested by a mining project, an additional $3 or more is generated elsewhere in the economy of the host country.
This is supported by research from the World Gold Council that indicates 70% of total expenditure by gold mining companies remain in the host country in the form of payments to suppliers, contractors and employees.
Here’s an infographic that shows the wide-ranging economic benefits of a gold mining project.
Want to know more? Check out the 5 economic benefits of gold mining in Greece in our last blog post.