Skouries Project Economic Overview

Low-Cost Operator Eldorado total cash costs are currently below industry-weighted average and expected to trend lower given growth profile Gold Industry Total Cash Cost Curve ($/oz) $2,000 $1,750 $1,500 Kışladağ $1,250 $560/oz Eldorado Lamaque $649/oz Efemçukuru $697/oz $1,000 $542/oz $750 $500 $250 $0 0 10 20 30 40 50 Production (%) eldorado gold Source: S&P Capital IQ 2021 Cost Curve, FactSet NOTE: Eldorado total cash cost (C2) figures from full-year 2020 60 60 Spot Gold: $1,800/oz Olympias $1,164/oz Industry Weighted-Average: $755/oz 70 70 80 90 90 100 9

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