Kittilä mine is the biggest gold mine in Europe. Finland has the largest concentration and producer of gold in the European Union. The European mining industry has a long tradition. Although the continent39;s mining earns for a small share of GDP, it provides a large and significant share of the world wide production.
Europe Gold Mining Locations Clickable Map with all Countries Natural gold deposits can be found all throughout Europe. Commercial mining has been by environmental regulations in some countries, but the record high gold prices in recent years have caused a renewed interest in mining here.
Investment costs of 160 million are planned for this. In 2017, Kittila produced 196 938 oz of gold with production costs of US$ 753/oz of gold. The mines gold reserves are estimated at 4.09 million oz, which corresponds to a mine lifetime of approximately 18 years.
Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2020 and accounted for around 11 per cent of total global production.
Europes biggest gold mine gets bigger. T he Kittilä gold mine in Lapland , will be expanded Agnico Eagle mining company announced on February 15 th. The Canadian company said investment worth 160 million euros will be made on projects including the construction of a one kilometre deep mine shaft. The shaft will make it possible to utilize the deeper parts of the gold deposit in an economically sensible way, and it will improve our energy efficiency as well as decrease our ...