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Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.

It uses a multi-stage flotation process to extract a lead-silver concentrate and a zinc concentrate.

Key Facts

Location Halkidiki Peninsula, Greece
Mine type Underground
Metals mined Silver, Lead, Zinc
Employees/contractors (including Kokkinolakkas TMF) ~500
Expected mine life 3 years*
Deposit type Silver-lead-zinc carbonate replacement
Ownership 100%
Resources & Reserves

* Based on current proven and probable reserves.

2021 

On October 15, 2021, the Company announced that operations at Stratoni will be suspended in Q4 2021. The mine will be placed on care and maintenance while exploration drilling continues with the goal of expanding reserves and resources. We will evaluate resuming operations subject to exploration success and positive results of further technical and economic review. 

Virtual Tour

Operating Data


2020A 2019A
Concentrate produced (t)
44,382 37,153
Concentrate sold (t)
41,253 39,840
Ore mined/processed (t)
183,467 174,866
Cash Costs ($/t)
1,239 1,331
Sustaining capex ($M)
7.59.3

Geology and Mineralization

The deposit is a silver-lead-zinc carbonate replacement deposit that is hosted within marble of the Kerdilya Formation. The deposit is localized along the south dipping Stratoni Fault, a major structural feature and important mineralizing corridor in the centre of the Stratoni region. The fault separates the Kerdylia Formation to the north, host to the carbonate replacement deposits, from the Vertiskos Formation to the south, host to the Skouries porphyry gold-copper deposit. Mineralization extends for at least 8km along the fault with the historically mined Madem Lakkos deposit to the east of Mavres Petres, and Piavitsa, the focus of Eldorado Gold’s current exploration activity, to the west.

Exploration

Exploration at Stratoni is focused on testing the open western and downdip extensions to the deposit.

History

2012 Eldorado acquires Stratoni via the acquisition of European Goldfields
2011 EIA received for the Kassandra Mines (includes Olympias, Skouries and Stratoni)
2005 Operations re-started at Stratoni by Hellas Gold, a subsidiary of European Goldfields
2004 Operation passed to Greek State and subsequently to Hellas Gold
2003 TVX closed Stratoni
1996 Ownership transferred to TVX Gold Incorporated from Hellenic Fertilizer Company

Resources

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