Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Mineral Exploration Roundup 2010
21 slides from Eldorado Gold's conference presentation, Jan 18, 2010
Slide 1: Eldorado Gold Corporation – Mineral Exploration Roundup
Eldorado Gold Corporation Mineral Exploration Roundup January 18, 2010 www.eldoradogold.com 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain of the statements made in this Presentation may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities law. The
Slide 3: Company History
Company History 1992 Incorporated on April 2, 1992 1993 Listed on TSX Built and operated La Colorada mine, Mexico (sold in 2000) 1996 Built and operated La Trinidad mine, Mexico Acquired São Bento mine, Brazil from Gencor (produced 1.8 M oz of gold over 18 years until closure in 2007. Sold to AngloG
Slide 4: Strategy
Strategy Long life, low cost assets Lowest quartile of production cost Strong balance sheet No hedge positions Regional exploration with excellent development projects for internal growth Explore, develop and operate to high standards www.eldoradogold.com 4
Slide 5: Return on Shareholders Equity
Return on Shareholders Equity 10,000 8,000 Since Jan 2001: ROE: 328% (38% annualized) Increased Market 6,000 Value Added Capitalization C$8.2 billion Millions of CDN$ in market Issued capitalization 4,000 C$2.5 billion in shares 2,000 Share Capital Additions (since Jan 1, 2001) 0 C$25m C$46m C$77m C
Slide 6: Resource, Reserve and Mined Ounces Since 1998
Resource, Reserve and Mined Ounces Since 1998 30,000,000 25,000,000 Contained Gold Ounces 20,000,000 MII Resource (excluding Reserve) 15,000,000 PP Reserve 10,000,000 Cumulative Mined 5,000,000 0 * Dec-98 Dec-99 Dec-00 Dec-01 Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 * estimated from 2
Slide 7: Acquired Resource and Reserve Platform Since December 1998
Acquired Resource and Reserve Platform Since December 1998 16,000,000 14,000,000 Average cost 12,000,000 Contained Gold Ounces of acquired resource 10,000,000 ounces Sino Gold since 2004: Acquired Resource 8,000,000 $218/oz (excluding Reserve) 6,000,000 Frontier Pacific Acquired Reserve 4,000,000 Af
Slide 8: Organic Resource and Reserve Growth Since December 1998
Organic Resource and Reserve Growth Since December 1998 16,000,000 100 90 Organic Cumulative Exploration Spending ($millions) 14,000,000 Average cost of organic Resource ounces: 80 (excluding 12,000,000 $6.5/oz Reserve) Contained Gold Ounces 70 10,000,000 60 Organic 8,000,000 50 Reserve 40 6,000,000
Slide 9: Global Presence
Global Presence www.eldoradogold.com 9
Slide 10: Production Forecast
Production Forecast 2013 production of ~ 1 million oz 2011 of gold from production of 1,200,000 800,000 to 7 mines 850,000 oz of gold from Column 2 1,000,000 6 mines Gold Production in Ounces 2009 production of Total Gold 800,000 ~ 360,000 oz Production of gold from 4 mines From: 600,000 Kişladağ Ta
Slide 11: Kişladağ mine
Kişladağ mine Kişladağ is an open pit heap leach gold mine that began commercial production in July 2006 and converted to owner operated mining in Q3 2008 Ore production in 2009 was ~ 10 million tonnes at 1.11 g/t with a strip ratio of ~ 1.22 : 1 Measured and indicated resources increased Kişl
Slide 12: Kişladağ exploration
Kişladağ exploration Kişladağ Section Showing New Mineralized Zones, Southern Area www.eldoradogold.com 12
Slide 13: Jinfeng mine
Jinfeng mine Jinfeng in Guizhou province is an open pit and underground gold mine, the second largest gold mine in China It began commercial production in September 2007 Eldorado owns an 82% interest with local joint- venture partner Guizhou Lannigou Gold Mine Limited holding the remaining 18%
Slide 14: Tanjianshan mine
Tanjianshan mine Tanjianshan in Qinghai province is an open pit, float-roast-CIL operation that began commercial production in February 2007. It consists of 2 separate deposits: Qinlongtan (QLT) and Jinlonggou (JLG) Partners in Tanjianshan are Qinghai Number One Geological Brigade (5%) and the D
Slide 15: Tanjianshan exploration
Tanjianshan exploration Diamond drilling has confirmed results in 323 zone. Mineralized zone has over a minimum strike length of 300 meters. Results include 15.5 m grading 15.79 g/t (QD143), 18.0 m grading 4.53 g/t (QD165) and 9.0 m grading 1.49 g/t (QD167). Northwest trending zone of anomalou
Slide 16: Tanjianshan exploration
Tanjianshan exploration QLT South RC Drilling Program www.eldoradogold.com 16
Slide 17: White Mountain mine
White Mountain mine White Mountain in Jilin province is an underground mine using a sub-level and cut- and-fill stoping mining method Eldorado owns a 95% interest in White Mountain, with the remainder held by local joint-venture partner Jilin Tonghua Institute of Geology and Minerals Exploration
Slide 18: Efemçukuru project
Efemçukuru project Efemçukuru is a high grade epithermal gold deposit, suited for underground mechanized mining Feasibility study completed in 2007 based on a mine throughput of 406,000 tonnes per year Construction ongoing with commissioning and production planned for late 2010 Operating and
Slide 19: Eastern Dragon project
Eastern Dragon project Eastern Dragon is a high-grade, low- sulphidation, epithermal, gold-silver vein deposit Eldorado has a 95% equity interest in the Lode 5 Exploration Licence. Eldorado also holds a 90% contractual interest in the surrounding exploration potention Feasibility study was com
Slide 20: Perama Hill project
Perama Hill project Perama Hill is a shallow, low sulphidation, non- refractory oxide gold deposit with a low strip ratio in northern Greece Pre-Environmental Impact Assessment (PEIA) has been submitted in October 2009 Environmental Impact Assessment (EIA) to be submitted Q2 2010 for reviews a
Slide 21: Thank you
Thank you Eldorado Gold Corporation TSX: ELD NYSE: EGO ASX: EAU Shares Outstanding (as of December 15, 2009): 537.1 M Investor Relations: Nancy Woo (604) 601-6650 nancyw@eldoradogold.com www.eldoradogold.com 21