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Building our Future

With high-quality assets located around the world, a management team that combines technical expertise with a commitment to responsible growth, robust margins and a strong balance sheet, Eldorado Gold is well-positioned to continue to grow.

Why Eldorado Gold?

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1 Diversified portfolio of long-life, high quality assets
  • Mining, development and exploration operations in Canada, Türkiye and Greece
  • 4 operating gold mines, 1 advanced development project, and a robust pipeline of development projects 
  • 485,139 oz Gold produced in 2023 
  • 2024 Gold Production Guidance of 505,000 to 555,000 ounce
  • Total Gold Reserves: 11.7 Moz (1)

(1) Based on 2023 R&R Statement and $1,800/oz Au, $24/oz Ag, $3.25/lb Cu, $2,200/tn Pb, $2,800/tn Zn.

2 Pipeline of strategic growth projects
  • Four-Year Gold Production Outlook: 2024-2027
    • 45% gold production growth, from 2023 production, driven by organic growth projects and first production from Skouries expected in Q3 2025
  • SKOURIES
    • In full construction, ~140kozs average annual gold production and ~67 million pounds average annual copper production forecast, with commercial production expected at end of 2025 
  • LAMAQUE COMPLEX
    • Initial Ormaque Reserve expected to be declared at the end of 2024 
    • Large resource base and exploration upside from nearby targets 
  • KIŞLADAĞ 
    • Increase throughput and recovery 
    • Long mine life of 15 years 
3 Focused on ESG
  • External recognition:
  • Adherence to WGC Conflict Free Gold Standards
  • Utilize dry stack tailings technology
  • Leading management practices
    • Independent tailings review board
    • Routine 3rd party inspections of reviewable structures
  • Local employment and procurement policies focused on creating value in the communities where we operate 
  • Implemented “Golden Rules” safety handbook globally 
4 Attractive valuation
  • Advancing high-quality Greek assets creates rerating potential
  • Lowering AISC and increasing margins:
    • 2023 AISC(1) $1,220/oz sold 
    • 2023 Total Cash Operating Costs(1) $743/oz sold 
  • Expecting significant Free Cash Flow with productivity improvements at the operating assets and Skouries delivery 
  • Shareholder returns and debt reduction with Skouries delivery 

(1) These financial measures or ratios are non-IFRS financial measures or ratios. Certain additional disclosure for non-IFRS financial measures and ratios have been incorporated by reference and additional detail can be found at the end of this press release and in the section 'Non-IFRS and Other Financial Measures and Ratios' in the Company's December 31, 2023 MD&A.

5 Strong financial position
  • Cash, cash equivalents & term deposits of ~$542 million as of December 31, 2023 
  • Continue to focus on maintaining a solid financial position which provides flexibility to respond to opportunities and unlock value across our business 
  • Zero cost collars protect cash flow during Skouries construction 
  • Leverage to copper production and strengthening metal prices 

Results

2023 Sustainability Report

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Strategy

Our strategy is to discover, acquire and develop high-quality assets in prospective regions.

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Leadership

We have a skilled leadership team at the helm of Eldorado Gold.

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