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INVESTOR PRESENTATION – Eldorado Gold Corp.

Eldorado Gold Corp. · Nov 1, 2012 · 52 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. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 1
    Focusing on Delivery Investor Presentation November 2012
  2. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 2
    650,000 oz gold producer with 20 years of international operating experience Leading low cost operator with solid margins and a strong balance sheet Experienced management team with a proven ability to build and operate mines…
  3. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 3
    Operations in highly prospective areas with well-established mining cultures Asset base is diversified across the mining lifecycle Pipeline of assets drives organic growth www.eldoradogold.com 4
  4. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 4
    By 2016, we aim to: Construct 5 new mines in 4 countries and expand Kisladag & Olympias Produce 1.7m ounces of gold (2012E: 660,000oz) Have cash operating costs of US325-350/oz net of by-product (2012E: 465) Maintain balance…
  5. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 5
    Estimated Gold Production 2012-2016 Were seeing: 2,000,000 2000 1800 1,750,000 Strong production 1600 growth (Average Annual 1,500,000 Growth Rate: 32%) with Gold Production (oz) 1400 decreasing cash costs 1,250,000…
  6. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 6
    5 Year Estimated Development & Expansion Capital 800 Were investing US2 billion in development & expansion 700 projects over the next 5 600 years: Capital Required (US m) 500 1. 820 million in Greece 400 2. 415 million…
  7. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 7
    Gold Production Guidance vs Actual 800 700 600 Oz (thousands) Over the past 5 years we have: 500 400 300 Doubled Production 200 100 0 Increased Reserves & Resources 2007 2008 2009 2010 2011 Guidance Actual Cash Costs…
  8. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 8
    Steady 2012 operational performance; 465,794* oz produced YTD at 475/oz cash operating costs (549/oz total cash costs) On target to meet 2012 production and operating cost guidance Current operations provide solid base for development…
  9. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 9
    To end Q3 To end Q3 Summarized Financial Results 2012 2011 Revenues (millions) 797.6 799.1 Gold sold (ounces) 438,421 490,207 Average realized gold price (/ounce) 1,665 1,546 Cash operating costs (/ounce sold) (1) 475 401 Total…
  10. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 10
    Complete Feasibility Study at Tocantinzinho (TZ) Q4 2012 Receive EIA approval for Perama Hill Q4 2012 Declare commercial production from Efemcukuru Q4 2012 Make construction decisions on Perama Hill, TZ and Certej Q4 2012/Q1 2013…
  11. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 11
    These four projects account for 60% of Eldorados future production growth Kilada Olympias Skouries Perama Hill (Expansion) (Construction) (Construction) (Development) www.eldoradogold.com 12
  12. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 12
    EXPANSION Highlights Current production rate 12.5 million tonnes / year (crushing, screening, stacking) Expanded production rate 25.0 million tonnes / year (crushing, screening, stacking) Expanded production rate, average 475,000…
  13. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 13
    EXPANSION Engineering Basic engineering package completed in October Procurement Major long lead mine and plant equipment ordered Construction Earthworks for crusher pad, plant and ancillary facilities underway Contracts…
  14. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 14
    EXPANSION Leach Pad, Kilada Engineering Detailed engineering design initiated Procurement Continue procurement of major mining and process equipment Major fabrication initiated Construction Construction of Phase VI leach…
  15. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 15
    Development Potential Projects within a 10km radius Fully-permitted Excellent infrastructure (roads, power, port access) Experienced & growing local teams Phased construction approach Strong government support…
  16. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 16
    CONSTRUCTION Phase I (2012 2015) Tailings treatment & re-processing Mill re-commissioning (720 ktpa) Underground refurbishment Sale of AsPy concentrate (50 koz payable Au/yr) Phase II (2016 2017) Underground mining existing…
  17. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 17
    CONSTRUCTION Deposit Type Replacement mixed sulphide Mine Life 22 years Initial Capex US 165 million to Phase II UG Production Mining Rate Phase I Tailings 720 ktpa Phase II Underground 400-500 ktpa Phase III Underground Expansion…
  18. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 18
    CONSTRUCTION Mill Refurbishment (Complete) Flotation plant roof replaced and buildings refurbished a. Civil works completed Schist Amphibolite Gneiss New power substation installation complete Marble Intrusive Tanks and…
  19. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 19
    CONSTRUCTION Underground Workings Refurbishment of existing Schist Olympias Mine ramp 67% Amphibolite Gneiss complete with 2,337m of Marble 3,500m rehabilitated Intrusive Removal/refurbishment of steel arches and old timber…
  20. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 20
    CONSTRUCTION Deposit Type Gold-Copper Porphyry Mine Life 27 years Initial Capex US 340 million to plant production from Open Pit Schist Mining Rate 8 Mtpa Open Pit Amphibolite Gneiss 4.4 Mtpa Underground Marble Strip Ratio…
  21. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 21
    CONSTRUCTION Work 2012 Site preparation surface clearing Schist activities and earth moving Amphibolite Gneiss Marble Road access Intrusive Portal excavation Work 2013 Continue construction of Processing Plant Advance…
  22. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 22
    DEVELOPMENT Disseminated epithermal gold-silver Deposit Type vein deposit Mine Life 8 years Initial Capex US 189 million Mining Rate 1.25 Mtpa Open Pit Strip Ratio 0.35 : 1 Gold Production 110,000 oz/year Silver Production…
  23. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 23
    DEVELOPMENT Drilling at Perama Hill Work 2012 PEIA approved in February 2012 EIA submitted to Ministry of Environment (MoE) in March 2012 under Fast Track Legislation EIA approval anticipated in Q4 2012 Construction decision…
  24. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 24
    Piavitsa Certej Tanjianshan Efemcukuru (Greenfield) (Brownfield) (Near Mine) (Near Mine) www.eldoradogold.com 25
  25. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 25
    Exploration Potential Strategic land position Metallogenic belt with multiple deposit styles within 10km radius Untested targets provide excellent upside potential www.eldoradogold.com 26
  26. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 26
    EXPLORATION - GREENFIELD Excellent upside potential (not in resources) 2012 program testing target horizon on 100m x 200m spaced grid 5 drills currently turning Historical drilling identified massive sulphide zones…
  27. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 27
    EXPLORATION - GREENFIELD www.eldoradogold.com 28
  28. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 28
    EXPLORATION - BROWNFIELD Over 1.5 million oz added to M&I resource base in 2012 2012 drill holes in Link Zone target cut high- grade gold mineralization West Pit target has high-grade epithermal veins Limited modern…
  29. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 29
    EXPLORATION NEAR MINE Drilling programs at Qinglongtan North and Xijingou completed in Q3 Qinglongtan North (QN) Xijingou Several holes at QN intersected strong Several holes from step-out drilling mineralization at Xijingou…
  30. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 30
    EXPLORATION NEAR MINE Q3 drilling focused on Kestani Beleni North West Ore Shoot (NWOS), South Ore Shoot (SOS) and Kokarpinar veins 32 drillholes (8,440 metres) were completed and results include: At NWOS: new shallowly…
  31. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 31
    EXPLORATION NEAR MINE www.eldoradogold.com 32
  32. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 32
    Background Information www.eldoradogold.com 33
  33. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 33
    Five cornerstone gold mines: Kilada Efemukuru Jinfeng Tanjianshan White Mountain www.eldoradogold.com 34
  34. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 34
    PRODUCTION OVERVIEW Location Uak Province, Western Turkey Deposit Gold porphyry Ownership 100% Eldorado Open pit Type Heap leach gold mine Expected Life of Mine 15-20 years Recovery 65% Overview Strip Ratio 1.3:1…
  35. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 35
    PRODUCTION OVERVIEW Location Izmir Province, Western Turkey Deposit High grade epithermal gold vein Ownership 100% Eldorado Underground gold mine Type Flotation and Carbon in Leach Expected Life of Mine 12 years…
  36. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 36
    PRODUCTION OVERVIEW Location Guizhou Province, China Deposit Carlin type 82% Eldorado Ownership 18% Guizhou Lannigou Gold Mine Ltd Open pit and underground gold mine Type Biox and Carbon in Leach Expected Life of Mine…
  37. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 37
    PRODUCTION OVERVIEW Location Qinghai Province, China Deposit Orogenic 90% Eldorado 5% First Institute of Geology and Ownership Mineral Exploration of Qinghai Province 5% Dachaidan Gold Mine Open pit gold mine Type…
  38. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 38
    PRODUCTION OVERVIEW Location Jilin Province, China Deposit Orogenic 95% Eldorado Ownership 5% Jilin Tonghua Institute of Geology and Minerals Exploration and Development Underground gold mine Type Carbon in Leach plant…
  39. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 39
    PRODUCTION OVERVIEW Location Amapa State, Brazil Ownership 100% Eldorado Type Open pit iron ore mine Expected Life of Mine 9 years RESERVES AND RESOURCES (at Dec 31, 2011) Overview Commercial production began in 2011…
  40. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 40
    PRODUCTION OVERVIEW Location Chalkidiki Peninsula, Northern Greece Deposit Replacement mixed sulphide 95% Eldorado Ownership 5% Aktor SA Underground drift and fill Type Multi-stage flotation Expected Life of Mine 5…
  41. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 41
    Six key development projects: Olympias Skouries Perama Hill Eastern Dragon Certej Tocantinzinho www.eldoradogold.com 42
  42. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 42
    CONSTRUCTION OVERVIEW Chalkidiki Peninsula, Location Northern Greece Polymetallic gold, silver, Deposit lead and zinc 95% Eldorado Ownership 5% Aktor SA Underground mine Type (previously mined using underground drift…
  43. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 43
    CONSTRUCTION OVERVIEW Chalkidiki Peninsula, Northern Location Greece Deposit Gold-copper porphyry 95% Eldorado Ownership 5% Aktor SA Type Open pit and underground Strip Ratio (open pit) 0.7 : 1 Estimated…
  44. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 44
    DEVELOPMENT OVERVIEW Eastern Thrace, northern Location Greece Epithermal gold-silver vein Deposit deposit Ownership 100% Eldorado Type Open pit gold mine Expected Life of Mine 8 years 90% (Gold) Expected Recovery 60%…
  45. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 45
    DEVELOPMENT OVERVIEW Location Heilongjiang Province, China Deposit High-grade, epithermal, gold-silver vein 95% Eldorado Ownership 5% County (Daxinglanling Yihua Development Company Ltd) Open pit and underground gold mine,…
  46. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 46
    DEVELOPMENT OVERVIEW Golden Quadrilateral area Location of the Apuseni Mountains, Western Romania Epithermal gold-silver Deposit deposit Ownership 80% Eldorado Open pit Type (Previously mined via shallow open pit)…
  47. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 47
    DEVELOPMENT OVERVIEW Tapajos district, Para State, Location central Brazil Shallow, intrusion-hosted, Deposit non-refractory gold deposit Ownership 100% Eldorado Type Open pit gold mine Expected Life of Mine 11 years…
  48. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 48
    2012 Exploration budget: US81 million; 190,000 meters of drilling Romania (4m) 3 projects 14,000 meters Vancouver (Head Office) (2.5m) Greece (13m) 5 projects 48,000 meters Turkey (15m) China (28m) 8 projects 17 projects…
  49. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 49
    Expanding Margins 1,800 Eldorados strategic focus is on 1,600 being a low-cost operator of high- 1,400 quality assets 1,200 (US/oz) 1,165 1,000 1,110 800 Maintained cash costs between 800 658 600 200 - 500/oz for past…
  50. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 50
    Proven & Probable Measured & Indicated Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (x1000) (Au g/t) (x1000) (x1000) (Au g/t) (x1000) (x1000) (Au g/t) (x1000) Kisladag 459,870 0.71 10,516 579,860 0.65 12,055…
  51. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 51
    Consensus Metal Price Forecasts Metal Unit 2012 2013 2014 2015 2016 2017 Long-term Gold US/oz 1,669 1,733 1,644 1,517 1,424 1,373 1,325 Silver US/oz 35.30 33.13 28.21 25.88 25.62 21.75 21.75 Copper US/lb 3.83 4.01 3.66 3.38 2.84 2.63 2.59…
  52. INVESTOR PRESENTATION – Eldorado Gold Corp. – slide 52
    Thank You TSX: ELD NYSE: EGO Total shares outstanding (as at Sept 30, 2012): 713.6 M Investor Relations: Nancy Woo (604) 601-6650 nancyweldoradogold.com www.eldoradogold.com 53

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