Eldorado Gold Operational and Financial Update
Olympias
Carbonate replacement style deposit with high gold-grades and an orebody that will allow for
mining rates up to 1 million tonnes per year
OVERVIEW
Location
Ownership
Halkidiki Peninsula, Greece
100%
Mine type
Underground
Metals mined
Gold, Silver, Lead, Zinc
GREECE
Processing
method
Milling circuit followed by flotation
Commercial
production
2017
Life of mine
2022 Results
15 years based on Reserves;
additional 2 years based on
Resources
56,333 ozs produced at $2,155/oz
AISC(1) and C1 Cost (1) of $1,409/oz
sold
Production: 49,251 ozs
RESERVES AND RESOURCES (2)
Contained
Contained
Tonnes
(x1000)
Grade
Grade
(g/t Au)
Ounces
(x1000 Au)
Ounces
(g/t Ag)
(x1000 Ag)
Olympias
TÜRKIYE
P&P Reserves
M&I Resources
8,243
6.93
1,836
132
35,094
12,937
8.00
3,329
148
61,651
Inferred Resources
2,186
7.97
560
190
13,368
Athens
Mediterranean
Sea
Europe
Focus on Growth
Continue to work on productivity improvements
Modified Environmental Impact Assessment ("EIA") to
the Kassandra Mines approved, allowing the
expansion of the Olympias processing facility to 650
ktpa and improvements to the Stratoni port
23
2023 Q3 YTD
Cash Operating Cost (C1)(1):
$1,096/oz sold
eldorado gold
(1)
(2)
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.View entire presentation