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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: 2023-2027
    • 55% growth, from 2022 production, driven by organic growth projects and expected commercial production from Skouries in the second half of 2025
  • Cash, cash equivalents and term deposits: $314.7 million, as at December 31, 2022 (1)(2)
  • 4 operating gold mines, 1 advanced development project, and a robust pipeline of development projects.
  • (1)   Liquidity position reflects the Company’s cash balance, term deposits, and its undrawn $250M credit facility. Amounts are derived from the Q4 2022 financial statements.

    (2)   Following the closing of the Skouries financing, the credit facility will be reduced as Eldorado’s investment undertaking for the Skouries project will be fully backstopped by a letter of credit from the Company's revolving credit facility.

3 Low-cost operator with sustainable, through-the-cycle margins
  • 2022 Cash Operating Costs $788/oz sold
  • 2022 AISC $1,276/oz sold
  • 453,916 oz Gold produced in 2022
4 Respected, experienced management team
  • Track record of successful execution from exploration to production
  • Complimentary managerial, financial and operational skills
5 Attractive Valuation
  • Eldorado trades at 0.5x P/NAV versus peers at 0.7x P/NAV (1)
  • Advancing high-quality Greek assets creates re-rating potential
(1) Source: FactSet; data as of Feb 22, 2023.
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.


2022 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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