PRESS RELEASE – COMMUNIQUÉ – ΔΕΛΤΙΟ ΤΥΠΟΥ
February 5, 2021
Joint Statement by Canadian Ambassador to Greece Mark Allen and U.S. Ambassador to Greece Geoffrey R. Pyatt on the Signing of the Amended Investment Agreement between Hellas Gold S.A. and the Government of Greece
The Embassies of Canada and the United States in Athens welcome the signing today between Hellas Gold S.A. (wholly-owned subsidiary of Canadian-based Eldorado Gold Corporation) and the Government of Greece of an agreement that will bring almost €1.7 billion in investment from North America over a period of 23 years to develop the Kassandra Mines in northeastern Halkidiki.
These investments will meet the highest environmental standards, create up to 5,000 direct and indirect jobs in northern Greece and deliver increased revenues for the Greek economy. We especially welcome Eldorado Gold’s commitment to a significant social development program amounting to €70 million in the local communities over the life of the investment.
We also recognize the dedicated efforts of the Government of Greece to make Greece an attractive destination for global investment and welcome the mutual benefits that today’s announcement will bring.