Untapped Gold Reserves at Europe’s Largest Mine in Asturias, Spain

Underneath the Salave Lagoon in Asturias, Spain, lies Europe’s largest untouched gold mine, holding 30 tonnes of gold, equal to about 10% of Spain’s gold reserves. Despite private interest in mining the site and extensive exploration over decades, the local community remains divided on allowing the project to proceed. Explotaciones Mineras del Cantábrico, which holds the mining rights, plans to invest over €100 million, creating direct and indirect jobs while ensuring minimal disruption to the town. However, opposition groups, such as Oro No, argue that the project poses significant environmental risks and legal issues.