Delivering through Discipline PDAC 2014 March 2 - 6, 2014 Kilada Gold Mine, Turkey
Operating on Solid Foundations Where we are today 750,000 ounce gold producer with 20 years of international operating experience Track record of Leading low cost Experienced value creation Solid reserve and Transparent…
Our Assets Diversified, well-balanced global portfolio www.eldoradogold.com 4
2013 Operating Highlights Record production at low cash costs 10% production growth over 2012 Mines delivered to initial production guidance and below cost guidance 705,000 oz 760,000 oz Gold Production (oz) Actual 721,200 oz…
2013 Year End Financial Position Significant cash, liquidity and financial flexibility Financial Position USD (at Dec 31, 2013) (millions) Cash equivalents and term deposits 624 Undrawn Credit Facility Total debt 601 375 Undrawn…
Navigating Current Gold Price Weakness Protecting the balance sheet 2013 Savings 33% reduction in capital expenditure 222.0 million 31% reduction in exploration expenditure 30.5 million 14% reduction in G&A costs 11.0 million Positive…
2014 Guidance Increasing production at consistently low costs Low High Global Gold Production Gold Production Kisladag oz 300,000 - 335,000 OLY Efemcukuru oz 90,000 - 100,000 WM 4% Tanjianshan oz 95,000 - 100,000 9% White Mountain oz…
2014 Guidance Prudent capital allocation Sustaining Capital (1) Development Capital (1) Exploration Spending (2) KIS 22% 41% 12% SKO OLY EFM 62% 18% 12% 170M 345M 9% 45M 30% PH TJS 7% JF 12% 13% 20% CTJ WM 10% 14%…
Key Deliverables in 2014 Focusing on delivery Corporate Greece Announce resources and reserves Continue development at Olympias and update Skouries Closure of Glory Resources transaction Receive approval of Perama Hill EIA Meet…
Growing Potential of Chalkidiki Mining District 21 million oz (AuEq) defined in a 10km radius Area has: x1 operating mine x2 development projects x3 exploration targets Excellent infrastructure (roads, power, port access)…
Construction Advancing at Skouries Project milestones 2013 Received installation permit Began plant construction and underground development (UG) Experienced project management team; 400 employees & contractors in place 2014…
Progress at Olympias Project milestones 2013 Completed 1.4km of the 8km Stratoni-Olympias tunnel Completed 3km of underground development and 1km of underground rehabilitation 10% increase in M&I gold resources to 4.6m oz at…
Rehabilitation of Olympias Valley Returning 26.5 hectares of land to a natural state Currently cleaning up tailings from previous mining activities Rehabilitated land will be equivalent to an area of more than 35 soccer pitches…
Progress at Certej Project milestones 2013 First phase of construction of alternate access road completed Geotechnical work for pit design and process plant foundations conducted Ongoing metallurgical testwork 46,000m of…
Potential of the Golden Quadrilateral Area Certej blue-sky potential Includes Certej project and 3 strategic exploration positions High gold endowment in a small district (40x40km2); ranks 3rd for gold districts worldwide Part of…
Extending Mine Life at Tanjianshan Promising 2013 drilling results and future potential Over 21,000m of exploration drilling completed at the Jinlonggou (JLG) pit and areas peripheral to the Qinlongtan (QLT) pit Mulitple high-grade…
Expanding Resources at Tanjianshan Promising 2013 drilling results and future potential www.eldoradogold.com 19
Why Invest in Eldorado Our competitive strengths 1. Diversified, well-balanced portfolio Flexible development options from 6 Disciplined projects Approach Rigorous budgeting and forecasting procedures 2. 624M in Cash and Term…
Background Information White Mountain Gold Mine, China
Proven Track Record Significant Growth at Low Costs Increasing Reserves and Grade 45.0 1.70 40.0 1.60 35.0 1.50 Over the past 5 years we have: Moz + 2P/1000 shares 30.0 1.40 Grade (g/t) 25.0 1.30 20.0 Doubled production…
Kisladag Gold Mine - Turkey Our Flagship Asset Overview Location Usak Province, Western Turkey Deposit Gold porphyry Ownership 100% Eldorado Open pit Type Heap leach Expected Life of Mine* 26 years (LOM) Recovery 65%…
Efemcukuru Gold Mine - Turkey PRODUCTION Overview Location Izmir Province, Western Turkey Deposit High grade, epithermal gold vein Ownership 100% Eldorado Underground Type Flotation and carbon in leach Expected Life of Mine*…
Jinfeng Gold Mine - China PRODUCTION Overview Location Guizhou Province, China Deposit Carlin type Ownership 82% Eldorado Open pit and underground Type Biox and carbon in leach Expected Life of Mine* 13 years (LOM)…
Tanjianshan Gold Mine - China PRODUCTION Overview Location Qinghai Province, China Deposit Orogenic Ownership 90% Eldorado Open pit Type Float roast carbon in leach Expected Life of Mine (LOM)* 4 years Recovery 81% Strip…
White Mountain Gold Mine - China PRODUCTION Overview Location Jilin Province, China Deposit Orogenic Ownership 95% Eldorado Underground Type Carbon in leach Expected Life of Mine (LOM)* 6 years Recovery 80% Reserves and…
Vila Nova Iron Ore Mine - Brazil PRODUCTION Overview Location Amapa State, Brazil Ownership 100% Eldorado Type Open pit Expected Life of Mine (LOM)* 9 years Reserves and Resources (at Dec 31, 2013) Overview 2P Reserves 9.2…
Stratoni Silver, Lead, Zinc Mine - Greece PRODUCTION Overview Chalkidiki Peninsula, Northern Location Greece Deposit Replaced mixed sulphide Ownership 95% Eldorado Underground drift and fill Type Multi-stage flotation…
Olympias Gold, Silver, Lead, Zinc Mine - Greece CONSTRUCTION Overview Location Chalkidiki Peninsula, Northern Greece Deposit Replacement mixed sulfide Ownership 95% Eldorado Underground Type (previously mined using drift and…
Skouries Gold, Copper Project - Greece CONSTRUCTION Overview Chalkidiki Peninsula, Northern Location Greece Deposit Gold-copper porphyry Ownership 95% Eldorado Open pit then underground Type Flotation and gravity circuit…
Perama Hill Gold, Silver Project - Greece DEVELOPMENT Overview Eastern Thrace, Northern Location Greece Epithermal gold-silver vein Deposit deposit Ownership 100% Eldorado Open pit Type Conventional carbon in leach Expected…
Certej Gold, Silver Project - Romania DEVELOPMENT Overview Golden Quadrilateral area Apuseni Location Mountains, Western Romania Deposit Epithermal gold-silver deposit Ownership 80% Eldorado Open pit Type (previously mined via…
Tocantinzinho Gold Project - Brazil DEVELOPMENT Overview Tapajos District, Para State, Location Brazil Shallow, intrusion-hosted, Deposit non refractory gold deposit Ownership 100% Eldorado Type Open pit Expected Life of…
Eastern Dragon Gold, Silver Project - China DEVELOPMENT Overview Location Heilongjiang Province, China High-grade, epithermal gold- Deposit silver vein Ownership 95% Eldorado Open pit and underground Type Carbon in leach…
Gold Resources and Reserves At December 31, 2013 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)…
Thank You TSX: ELD NYSE: EGO Investor Relations: Nancy Woo, VP IR Total shares outstanding: 716.2M* 604 601 6650 nancyweldoradogold.com www.eldoradogold.com *At Dec 31, 2013