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Responsible development of strategic metals within the European Union

One of the largest undeveloped copper-gold projects in Europe

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Meeting the increasing demand for critical metals self-reliance

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Low impact,
low risk, environmentally responsible development

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Strategically located amongst European-owned smelters

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Creating a lasting local legacy and socio-economic value

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Meeting the increasing European demand for critical metals self-reliance

Euro Sun Mining is a publicly listed development-stage mining company focused unlocking value through the responsible development of the Rovina Valley Project, one of Europe’s largest gold copper projects.

The Rovina gold deposit located in west-central Romania, is the second largest in Europe and holds about 400 million tonnes of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


Project Highlights

Strategic critical metal asset within the European Union containing 7 million ounces of gold and 1.4 billion lbs of Copper Measured and Indicated

Rovina Valley will be a sustainable and scalable operation for ~17 years with strong cash flows

Average annual production of 106koz Au & 9Kt Cu at an all-in sustaining cost of US$813/oz AuEq

Low impact, sustainable gold mining with zero cyanide processing, dry-stack tailings and concurrent reclamation

Significant local growth opportunity, both within the RVP complex and across Romania

Strong social license to operate with full support of local communities and regional and national governments

Committed to operating in line with international ESG standards and focused on leaving a lasting positive legacy

RVP is strongly leveraged to metal prices with NPV of US$447m and IRR of 19.2% at a base case of $1550/oz Au & $3.30/lb Cu


Euro Sun Mining

Developer Average*
*Average estimates provided by CIBC Capital Markets (August 2021)

Euro Sun Mining proposition


A significant value opportunity


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Global demand

Europe consumed 16% of the global copper market in 2018, but only accounts for ~5% of global production Copper demand is expected to reach 3.5Mt  by 2030 driven by the growth of electric vehicles (30%), increasing urbanisation and industrialisation.

As South American production becomes more unstable and the western world looks to source responsible alternatives outside of China and the DRC, Euro Sun will provide a sustainable supply to feed the growing decarbonisation agenda.


Leading the sector towards a more sustainable and responsible path of providing critical metals to the EU, Euro Sun will produce a clean, high-grade copper concentrate with a strong gold credit at an AISC of US$1.70/ lb.

There is strong demand at European smelters for clean concentrate, with Spain, Germany,  Serbia and Sweden all being strategic markets for the concentrate.

EU Policy

The European Union is taking steps to cut reliance on China for raw materials. The European Commission (EC) is aware that reliable and unhindered access to certain raw materials, including copper, is a growing concern within the European Union. To this end it is seeking to reduce reliance on countries like China and become more self-sufficient. To achieve this, the EC has set up the European Raw Materials Alliance (ERMA), which has prepared an investment pipeline that is expected to contribute to solving the dependency problem.

To reduce Europe’s reliance on China, the EU is fostering a number of partnerships with resource-rich countries to secure a diversified supply of sustainably mined critical raw materials away from a single source. These partnerships focus on the integration of raw material value chains between the EU and third countries, cooperation in the area of research and innovation and social and environmental criteria.


Romania is a long-standing mining jurisdiction that values economic development from mining activities and, as an EU member, provides significant transparency and stability as an operating company.

Long-standing mining jurisdiction which values economic development from mining activities 

Excellent established infrastructure 

Mining Code provides general principles of transparency and free competition

Strategically located amongst the key European-owned smelters

Rule of law as befitting a member of the European Union

Transparent financial system

Romania is home to first world infrastructure from roads to rail to power and The Rovina Valley property is accessible year-round

Meeting the increasing European demand for critical metals self-reliance

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