Eldorado Gold Operational and Financial Update
2023 Cost and Capital Outlook
Costs outlook reflects market conditions; Capital focused on re-investing in growth opportunities
2023 Cost Outlook
2023 Growth Capital Spending Outlook (1,4) ($M)
Skouries
Cash Op Cost(1,2)
C1 ($/oz sold)
Total Cash Cost (1,2)
C2 ($/oz sold)
AISC (1)
($/oz sold)
160-170
2023 Other Items Outlook ($M)
Kışladağ
750-850
Lamaque
670-770
850-950
700-800
G&A
35-38
Exploration &
Efem çukuru
790-890
920-1,020
Evaluation (5)
Olympias
980-1,080
1,130-1,230
Depreciation
28-31
272 - 282
Total
730-780(3)
830-880(3)
1,190 -1,240 (3)
2023 Capital Outlook
Sustaining Capital (¹) ($M)
Growth Capital (¹) ($M)
Kışladağ
14-19
110-120
Lamaque
60-70
37-42
Efemçukuru
10-15
Olympias
30-35
4-8
3-7
Total
114-139
eldorado gold
(1)
(2)
(3)
120-135(3)
These are non-IFRS financial measures or ratios. See Slide 2 'Non-IFRS Measures' for more information.
On Oct. 26, 2023, the Company announced updated 2023 guidance ranges to reflect updated full-year expectations given the operational and financial performance year to date.
As disclosed on Feb. 23, 2023. Ranges should not be relied upon. See footnote #4
On Oct. 26, 2023, the Company announced updated 2023 guidance ranges. The reduced spend at Skouries in 2023 is not expected to impact the project plan, including cost and schedule, with 36
critical path on track.
(5)
74% expensed, 26% capitalized; assumes the expected sale of Certej in H1 2023.View entire presentation