Eldorado Gold’s Skouries Mine Project Financing Wins Outstanding Achievement Award at 2023 Resourcing Tomorrow Awards

LONDON – Eldorado Gold and Hellas Gold Single Member, S.A.’s €680 million project financing facility to develop the Skouries Project won the Project Financing Outstanding Achievement Award at the 2023 Resourcing Tomorrow Awards held in London on November 30.  Bracewell (UK) LLP advised Hellas Gold – Eldorado Gold Corporation's wholly owned subsidiary – on the financing, Greece's largest such financing.

Led by partners Ro Lazarovitch, Tom Swarbrick and Oliver Irwin and senior counsel Bagyasree Nambron, Bracewell represented Hellas Gold in the project financing facility, which includes a commercial loan and funding from the Greek Recovery and Resilience Facility (RFF) that is expected to be replaced by an additional RFF loan. Located within the Halkidiki Peninsula of Northern Greece, Skouries is a gold-copper porphyry deposit to be mined using a combination of conventional open pit and underground mining techniques.

Resourcing Tomorrow is a part of Mines and Money's annual event series. The awards spotlight industry excellence, including groundbreaking exploration projects, inspiring tech innovations, transactions and visionary industry leaders.