Eldorado Gold Operational and Financial Update
Strong Investment Rationale
•
Eldorado is driving investor returns by focusing on four key areas
Pipeline of Strategic Growth Projects
Skouries: In full construction. ~140kozs average annual
gold production forecast, with commercial production
expected at end of 2025
Kışladağ: Increase throughput and recovery
$
Attractive Valuation
Eldorado trades at 0.7x P/NAV versus peers at 0.8x
P/NAV(1)
Advancing high-quality Greek assets creates re-rating
potential
•
Lamaque: Exploration upside from nearby targets
•
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Focused on ESG
Strong ESG performance as a mid-cap miner
Diversity/inclusion, adherence to WGC Conflict Free
Gold Standards, best practices for tailings
management
eldorado gold
(1) Source: FactSet; data as of October 27, 2023.
$
Financial Position
Cash and cash equivalents of ~$477 million as of
September 30, 2023
Continue to focus on maintaining a solid financial
position which provides flexibility to unlock value
across our business
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