Q3 and Q4 2023 Corporate Highlights
Efemçukuru
High-grade underground operation located in Izmir Province in western Türkiye
OVERVIEW
Location
İzmir Province, Türkiye
RESERVES AND RESOURCES (2)
Contained
Tonnes
Grade
Ownership
100%
Black Sea
(x1000)
(g/t Au)
Ounces
(x1000 Au)
Mine type
Underground
P&P Reserves
3,372
5.08
550
Ankara
O
Metals mined
Gold
M&I Resources
5,580
6.69
1,200
TÜRKIYE
Processing
method
Flotation circuit to produce gold
concentrate
GREECE
Inferred Resources
1,323
4.13
176
Efemçukuru
Deposit type
Epithermal gold
Mediterranean Sea
Life of mine
6 years based on Reserves
2022 Results
87,685 ozs produced at
$1,091/oz AISC(1) and C1 Cost(1)
of $701/oz sold
Production: 86,088 ozs
2023 FY
Results (3)
Q3 YTD: Cash Operating Cost
(C1)(1): $791/oz sold
eldorado gold
(1)
(2)
(3)
Europe
•
Maintain low-cost production
Efemçukuru focused on continuous improvement
to sustain low-cost production
Efemçukuru met annual production guidance for
9th consecutive year, since 2014
These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information.
Please refer to the Appendix for more information with respect to the mineral resources and mineral reserves.
Preliminary Gold Production as announced on January 15, 2024. Please refer to the news release for more information.
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