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September 2015 Investor Presentation – Eldorado Gold Corp.

Eldorado Gold Corp. · Sep 8, 2015 · 31 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 1
    Building our Future Investor Presentation September 2015 Efemukuru Gold Mine, Turkey
  2. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 2
    Keeping it Consistent Running a strong business A global company Strong financial performance Operations & projects in 5 countries Total liquidity: 825M Exceptional exploration potential 450M in cash, cash equivalents Over 7,200…
  3. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 3
    Our Assets Well-balanced global portfolio Europe Asia South America www.eldoradogold.com 4
  4. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 4
    Consistent Quarterly Performance Steady production and stable costs 225 1000 197 201 200 193 189 181 900 900 Gold Production (Koz) 150 829 800 786 735 761 729 700 (/oz) 75 600 569 519 521 500 489 488 505 - 400 Q1…
  5. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 5
    A Robust Future Reserve life index (operating assets) 25 21.7 20 Reserve life index (years) 15.6 15 14.5 12.6 12.3 11.9 11.2 10.5 10.2 10 9.5 8.3 8.1 4.9 4.5 5 0 ELD* AUQ NEM AUY KGC GG IMG AGI AEM ABX SMF NGD P…
  6. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 6
    Strong Operations Turkey China Greece Kisladag Jinfeng Stratoni Efemcukuru Tanjianshan White Mountain
  7. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 7
    Turkey: Our Cornerstone Mines Kisladag Q2 2015 YTD 2015 2015 Guidance Gold production 67,778 oz 147,034 oz 230,000-245,000 oz Cash operating costs 596/oz Au 556/oz Au 600-650/oz Au Average grade 0.66 g/t Au 0.68 g/t Au 0.70 g/t…
  8. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 8
    Turkey: Our Cornerstone Mines Efemukuru Q2 2015 YTD 2015 2015 Guidance Gold production 27,705 oz 48,925 oz 90,000-100,000 oz Cash operating costs 477/oz Au 527/oz Au 550-600/oz Au Average grade 8.53 g/t Au 7.95 g/t Au 7.80 g/t…
  9. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 9
    China: Our Consistent Producers Jinfeng Q2 2015 YTD 2015 2015 Guidance Gold production 38,234 oz 74,920 oz 135,000-145,000 oz Cash operating costs 551/oz Au 535/oz Au 660-700/oz Au Average grade 4.21 g/t Au 4.15 g/t Au 3.95 g/t…
  10. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 10
    China: Our Consistent Producers Tanjianshan Q2 2015 YTD 2015 2015 Guidance Gold production 25,074 oz 51,700 oz 90,000-100,000 oz Cash operating costs 449/oz Au 423/oz Au 475-500/oz Au Average grade 3.29 g/t Au 3.42 g/t Au 3.36 g/t…
  11. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 11
    China: Our Consistent Producers White Mountain Q2 2015 YTD 2015 2015 Guidance Gold production 18,683 oz 39,566 oz 70,000-75,000 oz Cash operating costs 757/oz Au 674/oz Au 650-690/oz Au Average grade 2.97 g/t Au 3.26 g/t Au 3.28…
  12. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 12
    2015 Guidance Updated mid-year Production (koz) Cash Operating Costs (/oz) 569 590 600 521 189 181 690 400 200 0 200 400 600 800 0 Q1 Q2 FY 2015E Q1 Q2 FY 2015E Capital Expenditure 2015E (M) All In Sustaining Costs…
  13. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 13
    Industry Leading Growth Greece Romania China Brazil Halkidiki District Certej Eastern Dragon Tocantinzinho (Skouries, Olympias)
  14. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 14
    Industry Leading Growth: Greece Growing the Halkidiki Mining District www.eldoradogold.com 15
  15. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 15
    Greece: Temporary Suspension Skouries and Olympias Skouries Olympias Mills in place, steelwork and equipment Capital spend in H1 2015: 27.7M erection on flotation circuit Stratoni-Olympias access decline, Earthworks on plant site were…
  16. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 16
    Greece: Olympias 5 year projected operating performance Performance Units 2016 2017 2018 2019 2020 Ore Tonnes tpa 109,100 385,000 385,000 385,000 385,000 Gold Grade g/t 11.1 10.8 9.2 8.5 9.2 Payable Gold Production oz 19,800 68,300…
  17. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 17
    Greece: Building Opportunities Development in spite of the noise 450M invested in developing Skouries and Committed to working with communities and Olympias since 2012 governments to develop sustainable opportunities Over 2,000 direct…
  18. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 18
    China: Eastern Dragon Moving forward High grade, low sulfidation, epithermal deposit Average annual production: 70,000oz Au & 400,000oz Ag Estimated costs: By-product cash operating cost: 175/oz (using a Ag price of 16.50/oz)…
  19. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 19
    Romania: Positive Certej Feasibility Study Key Highlights IRR of 13% NPV at a 5% discount rate of 229 million Estimated costs Cash operating: 568/oz AISC: 745/oz Capex Development: 449 million Sustaining: 203 million (includes…
  20. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 20
    Brazil: Positive Tocantinzinho Feasibility Study Key Highlights IRR of 13.5% NPV of 245 million at 5% discount rate Estimated cash operating cost: 572/oz Capex Development: 466 million Sustaining: 64 million (includes closure)…
  21. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 21
    Trading well below the peer group 1.40 1.20 P/NAV 1.00 0.80 1.30 0.60 1.10 1.01 0.95 0.85 0.85 0.80 0.79 0.40 0.74 0.73 0.67 0.56 0.46 0.20 0.00 AEM GG NEM AGI DGC SMF CG BTO…
  22. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 22
    Solid Financial Performance Q2 Financial Highlights Leading Balance Sheet Q2 Financial Position Low AISC & Cash Costs
  23. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 23
    Q2 2015 Financial Highlights Strong financial performance, even at 1,200 gold Q2 2014 Q2 2015 1,299 265.0 1,201 214.2 102.1 35.9 61.4 17 Avg Realized Gold Price Revenues Gross Profit from Gold Adjusted Net Earnings Financial…
  24. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 24
    Industry Leading Balance Sheet Significant cash, liquidity and financial flexibility Long-Term Debt Maturities Liquidity: 825 million Notes Outstanding 600 M Coupon 6.125% Due Dec 2020 375 Moodys: Ba3; Standard & Poors: BB…
  25. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 25
    Net Debt to 2015E EBITDA Effectively managing our growth 3.5 3.09 3 2.82 2.5 2 1.68 1.48 1.43 1.5 1.27 1 0.5 0.35 0 Yamana Barrick Goldcorp Agnico Newmont Kinross Eldorado Source: Bloomberg August 10, 2015…
  26. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 26
    2015 All-in Sustaining Cash Costs Industry leading low costs 2015 1,400 Guidance 925/oz 1,200 1,000 800 /oz 600 400 200 0 IMG AGI AUQ CG KGC TMM GG NEM ABX ELD BTO LSG AEM NGD SMF Operating Exploration G&A…
  27. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 27
    Core Strengths Our Approach Strong Reputation Scorecard
  28. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 28
    At the Core of the Company Our way of doing business Health & Safety Environment Occupational health programs Operate to stringent standards Ongoing training Continuous monitoring Use of best available techniques Regular external…
  29. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 29
    2015 Targets Focusing on delivery Operational Produce 690-000 oz Au cash costs of 590/oz Excellence Maintain Au reserves between 20-25 times production rate Continue to advance our Skouries & Olympias projects Begin implementation of…
  30. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 30
    Gold Resources and Reserves At December 31, 2014 Total Proven and Probable Total Measured and Indicated Inferred Resources Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (x1000) (Au g/t) (x1000) (x1000) (Au g/t) (x1000)…
  31. September 2015 Investor Presentation – Eldorado Gold Corp. – slide 31
    Thank You TSX: ELD NYSE: EGO Investor Relations: Krista Muhr, VP IR Total shares outstanding: 716.6M* 604 601 6701 kristameldoradogold.com www.eldoradogold.com *At July 31, 2015

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