PERFORMANCE & GUIDANCE AT A GLANCE

Summary

Latest Financial & Operational Data

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By 2028, we are anticipating gold production (midpoint) to grow by 41%, from 2025 production levels, plus the addition of meaningful copper production. Each quarter, we report on our financial and operational performance.

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3-Year Operating Outlook

Gold production (midpoint) increasing 41% over the three-year period compared to 2025 production.

Gold Production (000’ oz)2025A2026E(1,2)2027E2028E
Lamaque Complex187185 - 200(2)190 - 210190 - 210
Kışladağ169105 - 130140 - 160140 - 160
Efemçukuru7270 - 8065 - 8065 - 80
Olympias6070 - 8075 - 9075 - 90
Skouries-60 - 100(1)150 - 180170 - 200
McIlvenna Bay -5 - 10(3)--
Total Gold 488495 - 600620 - 720640 - 740
Copper Production (M lb)    
Skouries-20 - 4050 - 7050 - 80
McIlvenna Bay-5 - 10(3)--
Total Copper-25 - 5050 - 7050 - 80

(1)    Production includes pre-commercial production and commercial production from Skouries which is expected in Q4 2026.
(2)    Includes production anticipated from Ormaque, dependent on permitting.
(3)    McIlvenna Bay 2027 & 2028 Guidance to be provided in Q1 2027.

2026 GUIDANCE: PRODUCTION, COSTS & CAPITAL

 Lamaque complexkisladagefemcukuru(6)olympias(6,7)skouries project(8)Mcilvenna bayTotal(4,9)
Gold Production (000’ oz)185 - 200 (2)105 - 13070 - 8070 - 8060 - 100(1)5 - 10495 - 600(1,2)
Copper Production (M lb) - - - -20 - 40(1)5 - 1025 - 50(1)
Operations - Total Cash Costs(3) ($/oz sold)790 - 9901,830 - 2,0801,680 - 1,8801,030 - 1,230--1,220 - 1,420
Operations - AISC(3) ($/oz sold) 1,160 - 1,3602,100 - 2,3502,010 - 2,2101,370 - 1,570--1,670 - 1,870
Skouries - AISC(3) ($/oz sold) - - - -(100) - 200-(100) - 200
Operations - Sustaining Capital(3) ($ M)70 - 8025 - 3020 - 2525 - 30--140 - 165
Operations - Growth Capital(3,5) ($ M) 180 - 190 130 - 14025 - 3040 - 45--375 - 405
Skouries - Project Capital ($ M) - - --175 - 185-175 - 185
Skouries - Accelerated Operational Capital ($ M) - - - -80 - 90-80 - 90
Skouries - Growth Capital(3,10) ($ M) - - - -35 - 45-35 - 45
Skouries - Sustaining Capital(3,10) ($ M) - - - -20 - 35-20 - 35
McIlvenna Bay - Growth Capital(11) ($ M)-----15 - 2015 - 20
McIlvenna Bay - Sustaining Capital ($ M)-----20 - 2520 - 25

(1) Production includes pre-commercial production and commercial production from Skouries which is expected in Q4 2026.
(2) Includes production anticipated from Ormaque, dependent on permitting.
(3) These financial measures are non-IFRS financial measures. Certain additional disclosures for non-IFRS financial measures and ratios have been incorporated by reference, and additional detail can be found at the Other Financial Measures and Ratios’ of Eldorado’s December 31, 2025 MD&A.
(4) Guidance provided is for existing Eldorado Gold assets only.
(5) Includes capitalized exploration at the Lamaque Complex, Efemcukuru, and Olympias.
(6) Payable metal produced.
(7) Olympias by-product grades: Silver: 100 – 130 g/t; Zinc: 4.6 – 5.1%; Lead: 3.8 – 4.3%.
(8) Skouries Copper grades: 0.5 - 0.7%. 
(9) Totals may not add based on the averaging of costs.
(10) Skouries Growth and Sustaining Capital following commercial production (expected in Q4).
(11) McIlvenna Bay Growth Capital post commercial production.

2026 OPERATIONS UPDATE

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 Q1 2026Q2 2026YTD 2026FY 2025
Consolidated Results    
Ounces produced100,358104,616204,974488,268
Ounces sold100,619102,691203,310491,204
Production costs$188.2$184.8$373.0$677.6
Total cash costs ($/oz sold) (1,2)$1,470$1,432$1,451$1,176
All-in sustaining costs ($/oz sold) (1,2)$1,942$1,926$1,934$1,664
Sustaining capital expenditures ($M) (2)$32.9$35.0$67.9$169.1
Kışladağ, Türkiye    
Ounces produced28,33919,10847,447168,701
Ounces sold28,31119,38947,700169,971
Production costs$56.7$41.6$98.3$221.1
Total cash costs ($/oz sold) (1,2)$1,896$2,050$1,958$1,264
All-in sustaining costs ($/oz sold) (1,2)$2,060$2,407$2,201$1,478
Sustaining capital expenditures ($M) (2)$3.5$5.6$9.0$28.1
Lamaque Complex, Canada    
Ounces produced42,30652,34094,646187,208
Ounces sold44,60750,06094,667187,551
Production costs$41.8$44.2$86.0$150.8
Total cash costs ($/oz sold) (1,2)$904$865$884$790
All-in sustaining costs ($/oz sold) (1,2)$1,370$1,192$1,276$1,302
Sustaining capital expenditures ($M) (2)$20.2$16.1$36.3$94.1
Efemçukuru, Türkiye    
Ounces produced15,39418,01933,41372,482
Ounces sold15,17318,34533,51873,191
Production costs$37.6$38.7$76.3$118.1
Total cash costs ($/oz sold) (1,2)$2,208$1,926$2,053$1,510
All-in sustaining costs ($/oz sold) (1,2)$2,528$2,252$2,377$1,846
Sustaining capital expenditures ($M) (2)$4.6$5.7$10.3$22.9
Olympias, Greece     
Ounces produced14,31915,12529,44459,877
Ounces sold12,52814,89727,42560,491
Production costs$52.1$60.3$112.4$187.6
Total cash costs ($/oz sold) (1,2)$1,628$1,923$1,788$1,722
All-in sustaining costs ($/oz sold) (1,2)$2,031$2,465$2,267$2,145
Sustaining capital expenditures ($M) (2)$4.6$7.6$12.2$24.1

(1) Includes costs allocated to by-products.
(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.