Skouries Project Economic Overview

Financial Position Focus on maintaining solid financial position Liquidity Position (1) (as of September 30, 2021) $ Strong Financial Position $250M $689M Cash & Cash Equivalents Credit Facility eldorado gold (1) Cash balance includes term deposits $439M Cash Balance ($US M) 600 500 400 300 200 100 Cash Balance (1) and Net Leverage Ratio 1.00 0.83 0.67 0.50 0.33 0.17 0 0.00 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 I Cash Balance ($US M) Q2 2021 Q3 2021 -Net Leverage Ratio US$500M Senior Notes (6.25%) Net Leverage Ratio New Notes lowers the cost of debt and allows Eldorado to pursue a broader range of funding alternatives for the development of Kassandra assets 7 in Greece

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