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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
  • Total Gold Reserves:12.3 Moz (1)

(1) Based on 2022 R&R Statement and $1,300/oz Au, $17/oz Ag, $2.75/lb Cu, $2,000/tn Pb, $2,400/tn Zn.

2 Robust internal pipeline of growth projects
  • Five-Year Gold Production Outlook: 2022 -2026
    • 2022: 460,000 – 490,000 oz
    • 2023: 500,000 – 530,000 oz
    • 2024: 535,000 – 565,000 oz
    • 2025: 510,000 – 540,000 oz
    • 2026: 510,000 – 540,000 oz
  • Dec 31, 2021 Cash position of $481.3 million
  • Free Cash Flow of $62.4 million in 2021
  • 4 operating gold mines, 1 advanced development project, and a robust pipeline of development projects.
3 Low-cost operator with sustainable, through-the-cycle margins
  • 2021 Cash Operating Costs $626/oz sold
  • 2021 AISC $1,069/oz sold
  • 475,850 oz Gold produced in 2021
4 Respected, experienced management team
  • Track record of successful execution from exploration to production
  • Complimentary managerial, financial and operational skills
5 Disciplined capital allocation strategy with a focus on liquidity
  • Capital Investment Framework in place
  • The Company currently, at Dec 31, 2021 has $481.3 million of cash, cash equivalents and term deposits and Fourth ARCA consists of a US$250M revolving credit facility with an option to increase the available credit by US$100M through an accordion feature, and a letter of credit facility
  • Growth from operating assets – recently extended mine-life at Kışladağ to 18 years, through 2034, with an expected average of 160,000 oz/year.
6 Strong health, safety, and environmental track record
  • Leading environmental management practices
  • Dry stack implemented, or planned for, at all our operations*.
  • Local employment and procurement policies focused on creating value in the communities where we operate
  • Implemented “Golden Rules” safety handbook globally

*Kisladag is a heap leach operation and does not produce tailings.


2021 Sustainability Report

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Stock Information

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

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

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