Skouries Project Economic Overview

Operating Jurisdictions C⭑ Turkey History of operating in key jurisdictions . 2020 Investment Attractiveness (1): Turkey: 79.27/100 • • • Operating in Turkey since 2006 Demonstrated history of 15+ years of permitting success and strong community relations • Canada 2020 Investment Attractiveness (1): Quebec: 85.97/100 8+ year Reserve life with potential from large Inferred resource Steady production profile, large resource base and exploration upside from nearby targets 18.0 15.0 12.0 9.0 6.0 3.0 Turkish Inflation Rates vs. ELD Cash Costs (Turkish Assets) 1200 1000 800 600 400 200 Cash Operating Costs ($/oz) • • Greece 2020 Investment Attractiveness (1): Greece: N/A (2) Amended Investment Agreement with Hellenic Republic in Q1 2021 • Provides investor protection mechanisms including a permitting framework similar to other large-scale foreign investment agreements in Greece 0.0 2010 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Kisladag Cash Costs ($/oz) Efemcukuru Cash Costs ($/oz) -Turkish Inflation Rate (%) Source: FactSet, company reports eldorado gold (1) (2) Ranked by Fraser Institute. Source: https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2020.pdf The 2020 Fraser Institute questionnaire included a number of jurisdictions that had insufficient responses to enable them to be included in the report. 12

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