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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 Turkey, Greece, Romania, Canada and Brazil
  • Total AuEq Reserves: 23.4 Moz (1)
    • Gold reserves of 16.4 Moz
    • Base metal reserves of 7.0 Moz AuEq

    (1) Based on 2019 R&R Statement and $1,250/oz Au, $16/oz Ag, $2.75/lb Cu, $2,000/tn Pb, $2,400/tn Zn.

2 Robust internal pipeline of growth projects
  • Four-Year Gold Production Outlook: 2020 -2024
    • 2020: 520,000 – 550,000 oz
    • 2021: 420,000 – 450,000 oz
    • 2022: 430,000 – 460,000 oz
    • 2023: 480,000 – 510,000 oz
    • 2024: 485,000 – 515,000 oz
  • Significant increased cash flow provided from operations in 2019: Net cash provided by operating activities was $165.8 million in 2019 (2018: $67.5 million)
  • 4 operating gold mines, 2 advanced development projects, and a robust pipeline of development projects
3 Low-cost operator with sustainable, through-the-cycle margins
  • 2019 Cash Operating Costs $608/oz sold
  • 2019 AISC $1034/oz sold
  • 395,331 oz Gold produced in 2019
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 finished 2019 with approximately $366 million of liquidity including $181 million in cash, cash equivalents and term deposits and approximately $185 million available under the remaining $250 million of the Facility, with $65 million of the capacity on the Facility allocated to secure certain reclamation obligations in connection with its operations.
  • Growth from operating assets – recently extended mine-life at Kışladağ to 15 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.

Results

Annual Report

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Stock Information

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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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