How gold mining contributes to sustainable development

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.

Economic Impacts of a Mining Project

Want to know more? Check out the 5 economic benefits of gold mining in Greece  in our last blog post.

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