3-Year Operating Outlook

Gold production (midpoint) increasing 33% over 3 years driven by our growth projects.

Gold Production (000’ oz)2024E2025E2026E(2)2027E
Lamaque Complex197170 - 180(1)180 - 190175 - 185
Kışladağ174160 - 170135 - 145165 - 175
Efemçukuru8070 - 8075 - 8570 - 80
Olympias7060 - 7080 - 9080 - 90
Skouries--135 - 155(2)195 - 205
Total Gold520460 - 500605 - 665630 - 720
Copper Production (M lb)     
Skouries---45 - 6060 - 80
Total Copper---45 - 6060 - 80

(1)    Includes expected production ounces from the second bulk sample process at Ormaque. 
(2)    Includes expected pre-commercial production from Skouries. Skouries’ commercial production is expected in mid-2026.

2025 GUIDANCE: PRODUCTION, COSTS & CAPITAL

 Lamaque complexkisladagefemcukuru(3)olympias(3,4)skouries projectTotal
Production (000’ ounces)170 - 180160 - 17070 - 8060 - 70-460 - 500
Total Cash Costs(1) ($/oz sold)790 - 8901,020 - 1,1201,300 - 1,4001,020 - 1,120 980 - 1,080(5)
AISC ($/oz sold)(1)1,290 - 1,3901,200 - 1,3001,560 - 1,6601,280 - 1,380 1,370 – 1,470(5)
Sustaining Capital(1) ($ M)85 - 9525 - 3015 - 2020 - 25 145 - 170
Operations - Growth Capital(1,2) ($ M)70 - 75115 - 12515 - 2045 - 50 245 - 270
Sustaining and Growth Capital(1,2) ($ M)155 - 170140 - 15530 - 4065 - 75 390 - 440
Skouries - Construction Project Capital(1) ($ M)    400 - 450400 - 450
Skouries - Accelerated Operational Capital(1) ($ M)    80 - 10080 - 100

(1)These are non-IFRS financial or ratios. Certain additional disclosures for non-IFRS financial measures and ratios have been incorporated by reference and additional detail can be found at the end of the press release "Eldorado Gold Provides Skouries Project Update; 2025 Detailed Company Production & Cost Guidance; Updated Three-Year Growth Profile; Conference Call Details" in the section titled ‘Non-IFRS and Other Financial Measures and Ratios.’

(2)Includes capitalized exploration at Lamaque and Efemçukuru.

(3)Payable metal produced.

(4)Olympias by-product grades: Silver: 90 – 120 g/t; Zinc: 4.0 – 4.5%; Lead: 3.5 – 4.0%.

(5)Totals may not add based on the averaging of costs.

2024 OPERATIONS UPDATE

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 Q1 2024Q2 2024Q3 2024YTD 2024FY 2023
Consolidated Results     
Ounces produced117,111122,319125,195364,625485,139
Ounces sold116,008121,226123,828361,062483,978
Production costs$123.0$127.8$141.2$392.0$478.9
Total cash costs ($/oz sold) (1,2)$922$941$953$939$743
All-in sustaining costs ($/oz sold) (1,2)$1,262$1,331$1,335$1,310$1,220
Sustaining capital expenditures ($M) (2)$29.1$30.9$33.3$93.2$121.8
Kışladağ, Türkiye     
Ounces produced37,52338,99041,084117,597154,849
Ounces sold36,69939,64640,724117,068154,456
Production costs$30.9$38.2$37.3$106.5$122.8
Total cash costs ($/oz sold) (1,2)$820$941$899$889$657
All-in sustaining costs ($/oz sold) (1,2)$916$1,055$1,028$1,00$900
Sustaining capital expenditures ($M) (2)$2.2$3.1$3.7$8.9$16.0
Lamaque Complex, Canada     
Ounces produced42,29947,39143,106132,796177,069
Ounces sold44,62043,62544,531132,776176,495
Production costs$35.2$33.6$32.8$101.6$119.5
Total cash costs ($/oz sold) (1,2)$779759$728$755$643
All-in sustaining costs ($/oz sold) (1,2)$1,2621,233$1,189$1,228$1,089
Sustaining capital expenditures ($M) (2)$21.120.1$20.0$61.1$72.7
Efemçukuru, Türkiye     
Ounces produced18,50122,39719,79460,69286,088
Ounces sold18,61422,46219,74160,81786,078
Production costs$21.8$24.8$26.4$73.0$80.1
Total cash costs ($/oz sold) (1,2)$1,154$1,087$1,325$1,185$797
All-in sustaining costs ($/oz sold) (1,2)$1,138$1,288$1,578$1,336$1,154
Sustaining capital expenditures ($M) (2)$2.4$3.6$4.7$10.7$14.0
Olympias, Greece      
Ounces produced18,78813,54121,21153,54067,133
Ounces sold16,07515,49318,83350,40166,949
Production costs$35.0$31.3$44.7$110.9$156.5
Total cash costs ($/oz sold) (1,2)$1,287$1,231$1,210$1,241$1,133
All-in sustaining costs ($/oz sold) (1,2)$1,527$1,522$1,513$1,520$1,688
Sustaining capital expenditures ($M) (2)$3.5$4.1$4.9$12.5$19.0

(1) Revenues from silver, lead and zinc sales are off-set against total cash costs.

(2) These financial measures or ratios are non-IFRS financial measures or ratios. See the section 'Non-IFRS and Other Financial Measures and Ratios’ of the latest MD&A for explanations and discussions of these non-IFRS financial measures or ratios.