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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, Serbia, Canada and Brazil
  • Total AuEq Reserves: 23.7 Moz (1)
    • Gold reserves of 16.9 Moz
    • Base metal reserves of 6.7 Moz AuEq

    (1) Based on 2018 R&R Statement and $1,200/oz Au, $16/oz Ag, $2.50/lb Cu, $1,800/tn Pb, $2,000/tn Zn.

2 Robust internal pipeline of growth projects
  • Three Year Gold Production Outlook: 2019 -2021
    • 2019: 390,000 – 420,000 oz
    • 2020: 520,000 – 550,000 oz
    • 2021: 350,000 – 380,000 oz
  • Significant free cash flow generation expected over the next three years
  • 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
  • 2018 Cash Operating Costs $625/oz sold
  • 2018 AISC $994/oz
  • 349,147 oz Gold produced in 2018
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
  • Solid balance sheet with ~$543M total liquidity including ~$293M of cash, cash equivalents and term deposits, and undrawn $250 M available through undrawn credit facility at December 31, 2018
  •  Growth from operating assets – potential to extend mine life and increase production with increased heap leach recovery at Kışladağ
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.


Annual Report


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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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