European Gold Production

Geology of Europe

Within Europe the three main zones of metallogenic significance for gold are the Carpathian Arc, the Baltic Shield and the Iberian Pyrite Belt.

The Carpathian Arc comprises Tertiary-age volcanic rocks which form the western tip of the Tethyan Metallogenic Belt.  This prospective zone stretches from , through Hungary, Romania, Bulgaria, and into Turkey.

Containing some of Europe's oldest rocks the Baltic Shield stretches from western Russia, through Finland, Sweden and Norway.  Due to the geological similarities to the Canadian Shield and the cratons of southern African and Western Australia there is excellent potential for gold and industrial minerals in the region.  In particular, the under explored Central Lapland Greenstone Belt is considered to have the potential for economically viable gold resources.

The Iberian Pyrite Belt runs 250 km from northwest Portugal through to Spain.  Formed in the Devonian period some 350 million years ago the hosts 8 large volcanogenic massive sulphide ore deposits in which gold is found.

Gold Mining in Europe

Within Europe,  the growth in Turkey's gold sector has far outstripped that of many other European countries over the last 10 years.  Turkey's commitment to mining and exploration has been particularly evident through two significant mining law changes in 2004 and 2010.  Often a combination of old mining laws, dense populations and environmental issues have been a limiting factor for progressive mine development across Europe.

Gold Production in Europe (2013)

European Gold Production in 2013

 

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