A B S T R A C TThe Skouries deposit is a platinum-group element (PGE) enriched Cu-Au porphyry system located in the Chalkidiki peninsula, Greece, with associated Ag, Bi and Te enrichment. The deposit is hosted by multiple porphyritic monzonite and syenite intrusions, which originated from a magma chamber at depth. An initial quartz monzonite porphyritic intrusion contains a quartz-magnetite ± chalcopyrite-pyrite vein stockwork with intense potassic alteration. The quartz monzonite intrusion is cross cut by a set of syenite and mafic porphyry dykes and quartz-chalcopyrite-bornite ± magnetite veins which host the majority of the Cu and Au mineralisation. Late stage quartz-pyrite veins, with associated phyllic alteration crosscut all previous vein generations. Electron microprobe and scanning electron microscopy shows that the PGE are hosted by platinum-group minerals (PGM) in the quartz-chalcopyrite-bornite ± magnetite veins and within potassic alteration assemblages. The PGE mineralisation in Skouries is therefore part of the main high temperature hypogene mineralisation event. [PdBi]. The most common platinum-group mineral is sopcheite. The PGM in Skouries are small, 52 µm 2 on average, and occur as spherical grains on the boundaries between sulphides and silicates, and as inclusions within hydrothermal quartz and sulphides. These observations support a "semi-metal collector model" whereby an immiscible Bi-Te melt acts as a collector for PGE and other precious metals in high temperature hydrothermal fluids. This mechanism would allow the formation of PGM in porphyries without Pt and Pd fluid saturation.