Historical Operating Results and Sustainability Framework
Positioned to Deliver
Transitioned to full construction mode: $160 to $170 million (1) capital expected in 2023
Q1 2021: Amended
Investment Agreement
Signed
Q2 2021: Receipt of
modified dry stack tailings
permit
Q2 2021: Completed
feasibility study
2022
Q1 2023: Full restart of
construction
Q1 2023: Drilling and blasting
commenced on first phase of UG
Q2 2023: Closing of Project
Financing; EBRD Investment
Q2 2023: First drawdown on
project finance facility
2024
ㅁㅁ
Q1 2025: Delivery of
tailing filter press
Mid-2025: Tailings dam
construction complete
H2 2025: First production
End of 2025: Commercial
production
2021
✓
✓
✓
Q1 2022: Commenced
preconstruction activities
Q1 2022: Skouries
Technical Report Filed
Q2 2022: Filter Press
Ordered Critical Path item
Q3 2022: Mandate Letter
Signed
Q4 2022: Project Financing
Secured
Q4 2022: Conditional Board
Approval to Restart
Construction
2023
Test stope work
commence H2 2024,
completion by mid-
2025
2½ 3-year construction & commissioning
2025
eldorado gold (1) On Oct. 26, 2023, the Company announced updated 2023 guidance ranges to reflect updated full-year expectations given the operational and financial performance 11
year to date. The reduced spend in 2023 is not expected to impact the project plan, including cost and schedule, with critical path on track.View entire presentation