Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Investor Presentation (March 2011)
20 slides from Eldorado Gold's investor presentation, Mar 18, 2011
Slide 1: Eldorado Gold Corporation, March 18, 2011
March 18,, 2011 www eldoradogold com www.eldoradogold.com 1
Slide 2: Forward-looking statements
Certain of the statements made in this Presentation may contain forward forward-looking looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking forward looking information within the meaning of applicable Canadian securities law
Slide 3: Eldorado Gold is a Canadian gold producer
Eldorado Gold is a Canadian gold producer with five operating mines, two mines under construction,, development p projects p j and an extensive 2011 exploration p p program. g We p presently y operate in China, Turkey, Brazil and Greece. www eldoradogold com www.eldoradogold.com 3
Slide 4: 2010 highlights, resources and production
◦ Produced 632,539 oz of gold at a cash operating cost of $382/oz (total cash cost $423/oz) ◦ Reported net income for the year of $206.1 million – up more than 200% over 2009 ($0.38 per share) ◦ Generated $356.5 million in cash from operating activities before changes in non-cash non cash working ca
Slide 5: Focus on organic growth
Focus on organic growth: Increasing gggold p production by y 15 - 20% to 715,000 , – 770,000 , oz at a cash operating cost of $375 - $395/oz Completing construction of two new mines Ad Advancing i d development l t projects j t Maintaining production costs under $400 per ounce Increasing c
Slide 6: Total cash cost, realized gold price and cash margins
1400 $ , $1,223 1200 $995 1000 $ $876 800 $674 $//oz $609 600 400 200 0 2006 2007 2008 2009 2010 Total Cash Cost Cash Margins g Realized Gold Price www eldoradogold com www.eldoradogold.com 6
Slide 7: www eldoradogold com www.eldoradogold.com
www eldoradogold com www.eldoradogold.com 7
Slide 8: Planned production increases by mine
Mine Planned Anticipated Anticipated P d ti Production I Increase (oz/yr) ( / ) Ti f Timeframe (oz/yr) Kisladag 275,000 175,000 – 200,000 2014 Efemcukuru f 120 000 120,000 3 000 – 45,000 35,000 000 201 2014 White Mountain 70 000 70,000 25 000 – 35,000 25,000 35 000 2013 Eastern Dragon 80,000 70,000
Slide 9: www eldoradogold com www.eldoradogold.com
www eldoradogold com www.eldoradogold.com 9
Slide 10: Kişladağ
Kişladağ ş ğ is a gold g p porphyry p y y deposit p located in Uşak Province, Turkey, operating as an open pit heap leach gold mine. Commercial p production commenced in July y 2006. 2011 forecast ore production is 12Mt/year at 1.07 g g/t Au with a strip p ratio of 1.42:1. 2011 total capital
Slide 11: Jinfeng
Jinfeng g is a Carlin-type yp gold g deposit p located in Guizhou Province, China, operating as an open pit and underground mine. Eldorado owns an 82% interest with local jjoint-venture p partner Guizhou Lannigou g Gold Mine Limited holding the remaining 18% . 2011 forecast ore production is 1
Slide 12: Tanjianshan
Tanjianshan j is an orogenic g g gold deposit p located in Qinghai Province, China, operating as an open pit, float-roast-CIL operation. Partners at Tanjianshan j are Q Qinghai g Number One Geological Brigade (5%) and the Dachaidan Gold Mine (5%). In 2011 Tanjianshan plans to process 1Mt at an
Slide 13: White Mountain
White Mountain is an orogenic g g gold deposit p located in Jilin Province, China operating as an underground mine using a sub-level and cut-and-fill stoping mining method. Eldorado owns a 95% interest,, with joint- j venture partner Jilin Tonghua Institute of Geology and Minerals Exploration an
Slide 14: Vila Nova iron ore mine
Vila Nova is an iron ore open p p pit mine located in the Amapa State, Brazil. Eldorado owns 100% of Vila Nova. Nova Production commenced in Q3, 2010. Twoo sshipments p e ts of o ore o e tota totaling g 90,000 tonnes have been sold to the Chinese spot market. Average price received was $93 p
Slide 15: Efemçukuru
Efemçukuru, ç , located in Izmir Province,, Turkey, is a high grade epithermal gold vein deposit, suited for underground mechanized mining. Construction and underground development is ongoing, with commissioning and production d ti planned l d ffor 2011 2011. U Underground d d development began
Slide 16: Eastern Dragon
Eastern Dragon, g located in Heilongjiang Province, China, is a high- grade, d epithermal, ith l gold-silver ld il vein i deposit. deposit Eldorado has a 95% 9 % equity interest with a private joint venture partner holding 5% 5%. The E Th Environmental i t l IImpactt Assessment A t report was
Slide 17: Perama Hill
Perama Hill is an epithermal p non- refractory oxide gold deposit with a low strip ratio. Pre Environmental Impact Assessment Pre-Environmental has been submitted;; approval pp anticipated in 2011. Technical report NI 43 43-101 101 for the Type Open pit project was filed during Q1 Q1, 2010 201
Slide 18: Tocantinzinho
Tocantinzinho is a shallow,, intrusion-hosted,, non-refractory gold deposit located in the prolific Tapajos district in northern Brazil. On July 2020, 2010 2010, we acquired 100% interest in the Tocantinzinho project. p j Pre-Feasibility Pre Feasibility Study (PFS) is scheduled for completion
Slide 19: 2011 Exploration budget: $54 million
2011 Exploration budget: $54 million Allocation: 58% minesite and brownfields ($29 million) 42% greenfields ($25 million) www eldoradogold com www.eldoradogold.com 19
Slide 20: Listings, shares outstanding and investor relations
TSX: ELD NYSE: EGO ASX: EAU Shares Outstanding (as of March 17 17, 2011): 548 548.4 4M Investor Relations: Nancy y Woo ((604)) 601-6650 nancyw@eldoradogold.com y @ g www eldoradogold com www.eldoradogold.com 20