Eldorado Gold Operational and Financial Update slide image

Eldorado Gold Operational and Financial Update

Successful Growth at Lamaque Delivered on acquisition with demonstrated growth; Significant upside potential Kil Strong track record of success since Integra acquisition Updated Technical Study with significant upside potential (1) Continued positive impact for local stakeholders Achieved Commercial Production • Reached commercial production less than 2 years after the Integra acquisition Resource and Reserve Growth Inaugural reserve announced 8 months post acquisition; continue to replace reserves year-over-year with additional growth Doubling of gold resources since acquisition through exploration Exceeded PFS Production Metrics Lamaque has exceeded 2018 Prefeasibility Study ("PFS") metrics in terms of tonnage and gold production Lamaque 2022 gold production was 175kozs, almost 30% higher than peak production of 135kozs based on the 2018 PFS eldorado gold $M (USD) $1,000 After-Tax NPV 5% (2) $197 M $800 $162 M $600 $459 M $400 $200 $0 Upper Triangle Lower Triangle + Parallel Inferred Reserves Positioned Well in Abitibi Region Ormaque Inferred • Expanded land package in the Val-d'Or region by 550% with QMX acquisition Acquired large prospective land packages in Matagami, Kirkland Lake areas Sustainable Focus Recently completed Lamaque decline project is expected to result in: . Eliminating 26 km surface haulage and rehandling on public roads; reducing GHG emissions Increasing energy efficiency Reducing ambient noise & surface dust Operating Mine Fully Permitted Upper Triangle Reserves case is fully permitted under Federal and Provincial regulations Expect that any permitting amendments can be obtained as required for future growth • . Improving overall sustainability The PEAS are preliminary in nature and are based on numerous assumptions and the incorporation of Inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. There is no guarantee that Inferred mineral resources can be converted to Indicated or Measured mineral resources and, as such, there is no guarantee that the economics described herein will be achieved. Mineral resources that are not mineral reserves do not have demonstrated economic viability. (1) Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves. (2) Assumes gold price of $1,500 per ounce. 18
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