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The gold, lead, silver and zinc underground mine in the state-of-the-art mining facilities at Olympias entered production in 2017. The mine's flotation plant produces three types of concentrates: gold, lead-silver and zinc, with an estimated life cycle of 15 years, based on current proven and probable reserves.
2023 production
2023 production
2023 production
2023 production
At the Olympias mine, we use new and up-to-date practices to ensure greater safety and increased productivity.
We have already installed a leading-edge 4G/LTE network which enables a series of applications in the underground mine.
These include the remote blasting and ventilation on demand systems. The complete and advanced control room at the surface provides non-stop control of the network and its cycle in real time, ensuring safety and productivity of the operations across the site.
As part of the Strategic Road Map for the transformation of the Kassandra Mines, the mining facilities at Olympias are undergoing continuous improvement across all levels of operations: from the education and training of the employees through to upgrading the facilities and operating systems.
The mine’s long-term planning incorporates a target to increase the throughput of the process plant to 650,000 tonnes/year.
Find out more about Leading-Edge TechnologiesBackfilling is an integral part of the mining life cycle. Tailings generated during production are conveyed to the Backfill Plant inside the Olympias mining site. There, they are treated to produce a paste which is used to fill all mined out areas. A small proportion of the tailings not treated as a backfill, are transported to the Kokkinolakkas Tailings Management Facility where they are safely stored as solids.
This innovative and sustainable technology will also be used at the new Skouries mine as a best-in-class circularity model that helps reduce the ecological footprint.
Driven by responsible natural resources management and the minimization of our footprint, our mining facilities at Olympias, as well as all other projects, integrate an eco-friendly planning with a focus on sustainable and long-term benefits for all. We use a comprehensive Environmental Monitoring System comprising a plethora of programs and initiatives, such the environmental monitoring program, concurrent rehabilitation, water management systems, best waste management practices, biodiversity and GHG emissions management.
Parallel and progressive restoration and reclamation of the natural environment is essential to the development of our projects and is a cornerstone to our active mining operations. At the same time, we have implemented one of the largest environmental rehabilitation projects for the entire area of Olympias to recover areas disturbed by previous operators. To this day, we have removed 3 million tonnes of historic tailings.
One of these environmentally recovered sites within Olympias accommodates one of the largest plant nurseries in Europe growing 1,000,000 endemic plants. The nursery covers the area’s reclamation needs as well as the needs of the host community and the local municipalities.
Find out more about Progressive Restoration
