However, the company said it remains committed to having a presence in Greece and has budgeted $155 million in development spending at the Olympias project.
Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.
Rob is the former founder of gold producing giant, Goldcorp, and has now built his second company McEwen Mining which is a precious metals producer in the Americas.