Hellenic Gold has received approval from the Ministry of Environment and Energy for a 25-year renewal of its mining concessions in the Cassandra Mines, specifically for mining permits 65 and 68 located in the region of Halkidiki. This decision, made on February 26, 2026, signifies the continuation of Hellenic Gold's business activities and establishes a framework for stable benefits to the public treasury and local government through uninterrupted long-term mining operations. Notably, a significant portion of the revenues from these concessions will be allocated to the municipalities where the mining activities occur, aiming to bolster local communities.

The ministry's decision highlights the importance of these mining concessions not only for Hellenic Gold but also for the regional economy and local governance. The long-term renewal is seen as a strategic move that enhances the company's investment stability while providing essential financial support to surrounding municipalities. This aspect of revenue sharing is designed to ensure that the local populations benefit from the sustained economic activity generated by the mining operations.

As Hellenic Gold continues its operations, the implications of this renewal extend beyond business continuity; it raises environmental and social concerns among local communities and stakeholders. The balance between economic development driven by mining and the environmental impact of such activities remains a critical discussion point, highlighting the need for responsible mining practices and engagement with local populations to address their concerns effectively.