Skouries Project Economic Overview

P/NAV Attractive Valuation Eldorado has an attractive valuation compared to peers Advancing high-quality Greek assets creates re-rating potential $ Consensus P/NAV 1.2 1.0 0.8 0.6 0.4 0.2 > eldorado gold Consensus EV/2021E EBITDA 10.0 8.0 EV/2021 EBITDA 4.0 09 6.0 2.0 0.0 0.0 PVG BTO CG AGI SSR NGD EQX ELD IMG PVG EQX AGI SSR ELD CG BTO NGD IMG Source: FactSet; data as of October 28, 2021. Source: FactSet; data as of October 28, 2021. 4

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