Perama Hill Project Overview slide image

Perama Hill Project Overview

Future Cash Flow Opportunities • Retained Exposure to Tocantinzinho (TZ) Project $ G Mining Ventures (Tocantinzinho) ~18% equity ownership of G Mining GMIN-TSXV market cap is -C$629M (Dec 5, 2023) Deferred cash payment to Eldorado of $60M will be paid on the first anniversary of TZ commercial production G Mining has the option to defer 50% (at a cost of $5M), in which case $30M is payable on the 1st anniversary of TZ commercial production, and $35M is payable on the 2nd anniversary • • TZ Feasibility Study (1) Highlights After-tax NPV 5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price LOM of 10.5 years with average annual gold production of 174,700 ounces at AISC of $681/oz Initial capital cost of $458 million Obidos Tocantinzinho Project Pará, Brazil Tocantinzinho Mining Claims Highway Belem Braganca Breves Abaetetuba Santarem • Project remains on track and on budget for commercial production in H2 2024 Itaituba Total project is 51% complete (2) TOCANTINZINHO PROJECT Jacareacanga Construction is 46% complete (2) Source: G Mining Ventures VRIFY: LINK 163) eldorado gold (1) G Mining Ventures Corp. published a Feasibility Study for the TZ Project on February 9, 2022 (LINK) (2) As per G Mining Ventures Corp. news release dated September 12, 2023 Tucurui Maraba Conceicao do Araguaia 100 200 300 km WGS 84, Mercator 43
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