Eldorado Gold Operational and Financial Update
Skouries
High-grade gold-copper porphyry deposit that is a key driver of Eldorado's growth story
OVERVIEW
Location
Deposit type
Ownership
Mining/
Processing
Life of Mine
Halkidiki Peninsula, Greece
Gold-copper porphyry
100% Eldorado
Open pit & underground /
flotation & gravity
GREECE
20 years based on Reserves
Skouries
Athens
Life of Mine (LOM) Project Economics (2)
At Spot
Au & Cu(3)
Annual gold production
140,000 oz
Annual gold equivalent production
312,000 oz
Cash operating costs(1)
$(365)/oz
TÜRKIYE
AISC(1)
$(6)/oz
$(341)/oz
$65/oz
NPV-5% (4)
$1.3 B
$1.6 B
Project IRR (4)
19%
22%
Products
produced
Production
target
Gold doré, copper/gold
concentrate
~2.5 years after construction is
restarted
Mediterranean
Sea
Contained metal
3.6 Moz Au, 740K tonnes Cu
Europe
in Proven &
Probable
Reserves (5)(6)
Contained metal
in Measured &
Indicated
Resources (5)(6)
5.0 Moz Au, 1.1K tonnes Cu
Advancing Skouries
€680 million financing package secured for the
development of Skouries
•
C$81.5 million strategic investment by EBRD
•
Announced updated feasibility study results in Dec. 2021
eldorado gold (1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information; (2) Data here and elsewhere in this presentation is from the 9
Skouries Technical Report dated January 22, 2022; (3) $1,800/oz Au, $3.80/lb Cu; (4) After tax, based on $1,500/oz Au, $3.85/lb Cu; (5) $1,300/oz Au, $2.75/lb Cu; (6)
Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves.View entire presentation