Eldorado Gold Operational and Financial Update
Lamaque
Underground gold mine located in Val-d'Or, Québec. The high-grade orogenic Triangle deposit
feeds the current mine life.
OVERVIEW
Location
Ownership
RESERVES AND RESOURCES (2)
Québec, Canada
Contained
100%
Tonnes
Grade
Hudson Bay
Ounces
(x1000)
(g/t Au)
Mine type
Underground
(x1000 Au)
Metals mined
Gold
P&P Reserves - Lamaque
4,630
6.62
985
Processing
method
Milling circuit followed by a leach
and CIP circuit
CANADA
Lamaque
M&I Resources - Lamaque
7,103
7.91
1,806
Montreal
Deposit type
Inferred Resources - Lamaque
Inferred Resource - Ormaque
10,003
7.32
2,354
2,223
11.74
839
Life of mine
2022 Results
2023 Q3 YTD
Orogenic gold veins
-5 yrs Upper Triangle based on
Reserves
~8 yrs Lower Triangle and
Ormaque based on Resources
174,097 ozs produced at $1,036/cz
AISC(1) and C1 Cost (1) of $642/oz
sold
Production: 120,450 ozs
Cash Operating Cost (C1)(1):
$673/oz sold
eldorado gold
Toronto
USA
Exploration Upside
Advancing Ormaque resource conversion drilling
Large resource base and exploration upside from
nearby targets
Strategic land positions in highly-prospective
jurisdictions
(1) These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information. (2) Please refer to the Appendix for more information with respect
to the mineral resources and mineral reserves.
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