Delivering from Solid Foundations Investor Presentation November 2013 Kilada, Gold Mine, Turkey
Operating on Solid Foundations Where we are Today Kilada, Gold Mine, Turkey 660,000 oz/year gold producer with 20 years of international operating experience Leading low Experienced Track record of Solid reserve value…
Our Assets Diversified, Well-Balanced Global Portfolio www.eldoradogold.com 4
Proven Track Record Significant Growth at Low Costs Increasing Reserves & Resources 60 40,000 35,000 50 Oz / 1,000 Shares 30,000 Thousand Ounces Over the past 5 years we have: 40 25,000 30 20,000 15,000 Doubled…
Q3 Highlights Record Quarterly Production at Low Costs Q1 Q2 Q3 Q3 Financial and Operating Results 2013 2013 2013 2012 Revenues (M) 338.1 266.9 287.3 281.8 Gold produced (oz) 163,768 183,971 204,620 169,565 Gold sold (oz) 189,346…
2013 Operational Guidance Delivering on Expectations Mines are on track to deliver at high end of initial production guidance and low end of initial cost guidance 705,000 760,000 Gold Production (Oz) Revised to 745,000 oz 515…
Revised Operating Plan Adapting to Lower Gold Prices Strategy Unchanged Focus remains on building a long-term, high-quality, low-cost business Disciplined approach to growth and capital allocation Modified Operating Plan Proactive…
2013 Capex Guidance Proactive & Prudent Reductions Modified capital allocation to maintain existing balance sheet strength at lower gold prices 2013 Capital Expenditure* 2013 Exploration Budget 900 150.0 800 125.0 700 670…
Returning Capital to Shareholders High Dividend Payout Ratio Dividend as % of Adjusted Earnings Sustainable dividend 35% formula linked to gold price and ounces sold 30% Formula encourages capital discipline and improved 25%…
Strong Profit Margins Reflects Quality of Assets and Cost Management Expanding Margins per Ounce Strong Gross Profit Margins vs Peer Group 1,800 75% 1,600 70% 1,400 1,200 65% Gross Profit Margin (%) 1,000 US/oz 60%…
Why Invest in Eldorado Our Competitive Strengths 3. Disciplined Growth 2. Balance Sheet Strength Diversified, well- 1. Solid Foundations 725.4M in Cash and balanced portfolio Flexible development Term Deposits Strong production…
Solid Foundations Disciplined Growth Bank of America Merrill Lynch Background Information May 2013 Efemcukuru Processing Plant, Turkey
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* 20 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)* 5 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)* 7 years Recovery 80% Overview…
Vila Nova Iron Ore Mine - Brazil PRODUCTION Overview Location Amapa State, Brazil Ownership 100% Eldorado Type Open pit Expected Life of Mine (LOM)* 11 years Reserves and Resources (at Dec 31, 2012) Overview 2P Reserves 9.7…
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…
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, 2012 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)…