Eldorado Gold Operational and Financial Update
•
Lamaque Growth Plan
Our growth plan entails staged mine development and resource conversion
Gold Production for the Upper Triangle Reserve Case
Significant growth since acquisition
Actual and planned production exceeds 2018 PFS
Extended mine life with -5.5 years of production from Upper
Triangle reserves, and potential for an additional ~8 years
of mine life from Lower Triangle and Ormaque inferred
resources
Gold Production (oz)
250,000
200,000
150,000
100,000
50,000
0
Reserve Cases (Upper Triangle)
■ 2018 PFS
2018 2019 2020 2021 2022 2023
Planned Production (Reserves)
2024 2025 2026 2027
Actual Production
Budget Case (Upper Triangle)
2022
2023 2024 2025
2026 2027 2028
Mining Plan Development
| 2029
2030
2031
2032
| 2033 | 2034
Upper Triangle Reserve Case
Lower Triangle PEA
Ormaque PEA
Parallel Reserve Case
Resource Conversion Plan
eldorado gold
Commence Mining
Ormaque
C8C9
C10
The PEAS are preliminary in nature and are based on numerous assumptions and the incorporation of Inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. There is no guarantee that Inferred mineral resources can be converted to
Indicated or Measured mineral resources and, as such, there is no guarantee that the economics described herein will be achieved. Mineral resources that are not mineral reserves do not have demonstrated economic
viability.
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