Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Haywood Securities Mining Conference 2011
27 slides from Eldorado Gold's conference presentation, Jun 20, 2011
Slide 1: Continuing to Build a High Quality Gold Company
Continuing to Build a High Qualityy Gold Company Q p y Haywood Securities Mining Conference June 20, 2011 www.eldoradogold.com 1
Slide 2: Forward Looking Statement
Forward Looking Statement 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: Where we operate
Where we operate 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 3
Slide 4: Why invest in Eldorado?
Why invest in Eldorado? Lowest L t quartile til costt gold ld producer: d Margins M i in i 60% range Forecasting increasing gold production of 15% Young mines and two new gold mines to start production in 2011 Efemçukuru - Q2, 2011 Eastern Dragon - Q4, 2011 Solid S lid ttrack k record d
Slide 5: Q1 2011 Operating Highlights
Q1 2011 Operating Highlights (amounts in US$ unless otherwise stated) Produced P d d 148 148,577 577 oz off gold ld (cash operating cost $410/oz, $ total cash cost $ $462/oz) Sold 148,530 oz of gold at $1,397/oz $91.7 million cash from operating activities before changes in non-cash non cash w
Slide 6: Annual Gold Production
Annual Gold Production (in x1,000 x1 000 oz) 800 700 600 500 770,000 oz 400 715,000 oz 2010 A: 632,539 oz 300 200 100 0 2006 2007 2008 2009 2010 2011 Plan www.eldoradogold.com 6
Slide 7: Gold Resources and Reserves
* Gold Resources and Reserves 35,000 30,000 25,000 Gold In-Situ (x1,000 oz) Inferred 20,000 M+I 15,000 P+P 10,000 5,000 0 2006 2007 2008 2009 2010 * At December 31, 2010 www.eldoradogold.com 7
Slide 8: 2011 Strategy and Objectives
2011 Strategy and Objectives Focus on organic growth: 15-20% increase in gold production to 715,000-770,000 oz at $375-395/oz cash cost Complete construction of two new mines Advance development projects Maintain production costs in lowest quartile (below $400/oz) I Increase dividend di id
Slide 9: Expanding Margins
Expanding Margins 1600 $1 397 $1,397 1400 $1,223 1200 $995 1000 $876 $/oz 800 $674 $609 600 400 200 0 2006 2007 2008 2009 2010 Q1 2011 Total Cash Cost Cash Margins Realized Gold Price www.eldoradogold.com 9
Slide 10: Gold Production Profile
Gold Production Profile 1,200 $500 $385 $390 $395 $390 $400 1,000 $382 $400 800 $301 $300 x 1,000 oz $/oz 600 $200 400 $100 200 0 $0 2009A 2010A 2011E 2012E 2013E 2014E 2015E Kisladag Jinfeng Tanjianshan White Mountain Efemcukuru Eastern Dragon Perama Hill TZ Cash Operating p g Cost (($/oz)) www.eld
Slide 11: Expansion Opportunities
Expansion Opportunities Mine Planned Anticipated Anticipated Production Increase (oz/yr) Timeframe ( / ) (oz/yr) Kisladag 275,000 175,000 – 200,000 2014 Efemcukuru 120,000 35,000 – 45,000 2014 White Mountain 70,000 25,000 – 35,000 2013 Eastern Dragon 80,000 70,000 – 90,000 2015 TOTAL 305 305,000 000
Slide 12: Enhanced Production Profile
Enhanced Production Profile 1,600 1,400 1,200 1,000 oz x 1,000 o 800 600 400 200 0 2009A 2010A 2011E 2012E 2013E 2014E 2015E Kisladag Jinfeng Tanjianshan White Mountain Efemcukuru Eastern Dragon Perama Hill TZ Expansion Production www.eldoradogold.com 12
Slide 13: Kişladağ Mine, Turkey
Kişladağ Mine, Turkey Location Uşak Province, Western Turkey Deposit Gold porphyry Ownership 100% Type Open pit, heap leach gold mine Commercial July 2006 production d ti P+P reserves 10.2 M oz gold @ 0.74 g/t M+I resources 12.2 M oz gold @ 0.68 g/t 2011 Highlights Inferred resources 4.4 M oz g gold
Slide 14: Jinfeng Mine, China
Jinfeng Mine, China Location Guizhou Province, China Deposit Carlin type Carlin-type 82% Eldorado, 18% Guizhou Ownership Lannigou Gold Mine Limited Type Open pit and underground gold mine P+P reserves 1.9 M oz gold @ 4.03 g/t M+I resources 2.6 M oz gold @ 3.55 g/t Inferred 2011 Highlights resources
Slide 15: Tanjianshan Mine, China
Tanjianshan Mine, China Location Qinghai Province, China Deposit Orogenic 90% Eldorado, 5% Qinghai Ownership Number One Geological Brigade, 5% Dachaidan Gold Mine Type yp Open p p pit g gold mine,, float-roast-CIL P+P reserves 587,000 oz gold @ 3.42 g/t 2011 Highlights M+I resources 777,000 oz gold
Slide 16: White Mountain Mine, China
White Mountain Mine, China Location Jilin Province, China Deposit Orogenic 95% Eldorado, 5% Jilin Tonghua Ownership Institute of Geology and Minerals Exploration and Development T pe Type Undergro nd gold mine, Underground mine CIL plant P+P reserves 720,000 oz gold @ 3.74 g/t M+I resources 946,000
Slide 17: Vila Nova Mine, Brazil
Vila Nova Mine, Brazil Location Amapa State, Brazil Ownership 100% Type Open pit iron ore mine P+P reserves 9.2 M tonnes (61.0% Fe) M+I resources 9 9 M tonnes (61 9.9 (61.5% 5% Fe) Inferred resources 2.0 M tonnes (61.2% Fe) Designed annual production capacity 900,000 ROM ore 2011 Highlights Capex $3
Slide 18: Efemçukuru Project, Turkey
Efemçukuru Project, Turkey Location Izmir Province, Western Turkey Deposit High grade epithermal gold vein Ownership 100% Type Underground gold mine Production Q 2, 2011 P+P reserves 1.5 M oz gold @ 9.10 g/t M+I resources 1.7 M oz gold @ 9.55 g/t 2011 Highlights g g • Received Trial Operating Permit
Slide 19: Eastern Dragon Project, China
Eastern Dragon Project, China Location Heilongjiang Province, China Deposit High-grade, epithermal, gold-silver vein 95% Eldorado, Ownership 5% private joint venture partner Open pit and underground gold mine, Type CIL plant under construction Production Q4, 2011 Gold Silver 2011 Highlights P+P rese
Slide 20: Perama Hill Project, Greece
Perama Hill Project, Greece Location Eastern Thrace, northern Greece Deposit Epithermal non-refractory oxide Ownership 100% Type Open pit P+P P P reserves 975,000 oz gold @ 3.13g/t M+I resources 1,382,000 oz gold @ 3.46 g/t Inferred resources 554,000 oz gold @ 1.96 g/t 2011 Highlights Strip ratio 0.
Slide 21: Tocantinzinho Project (TZ), Brazil
Tocantinzinho Project (TZ), Brazil Tapajos district, Para State, Location central Brazil shallow, intrusion-hosted, non- Deposit refractory gold deposit Ownership 100% Type Open pit P+P reserves 1.9 M oz gold @ 1.25 g/t 2011 Highlights M+I resources 2.4 M oz gold @ 1.06g/t • Prefeasibility y Studyy
Slide 22: Where we explore
Where we explore 2011 Exploration budget: $54 million Allocation: 58% minesite and brownfield ($31 million) 42% greenfield ($23 million) www.eldoradogold.com 22
Slide 23: Brazil Drilling Programs
Brazil Drilling Programs Brownfields: 15,000 metres Early stage/reconnaissance: 4 4,500 500 metres Tapajos Region • Tocantinzinho: brownfields targets. 2011 plan includes 15,000 metres of diamond drilling (approx. 50-60 holes) • Agua Branca, Piranhas: early stage exploration Vila Nova iron ore mine
Slide 24: China Drilling Programs
China Drilling Programs Minesite/brownfields: 67,500 metres Early stage: 25 25,500 500 metres Eastern Dragon Region Tanjianshan • Lode 5 resource definition • 323, QLT deeps resource definition • EL53 brownfields targets • Xijingou, j g , ZXS brownfields targets g White Mountain Region • White Mount
Slide 25: Turkey Drilling Programs
Turkey Drilling Programs Minesite and brownfields: 12,500 metres Early stage/reconnaissance: 15 15,000 000 metres Kişladağ Minesite Eastern Pontides Brownfields targets Atalan Prospect Şebin, Dölek prospects • Istanbul • Izmir Efemçukuru Minesite Malatya District • Northwest Kestane Beleni MH I0CG p
Slide 26: Summary
Summary Lowest L t quartile til costt gold ld producer: d Margins M i in i 60% range Forecasting increasing gold production of 15% Young mines and two new gold mines to start production in 2011 Efemçukuru - Q2, 2011 Eastern Dragon - Q4, 2011 Solid S lid ttrack k record d Dividend of $1
Slide 27: Thank you
Th k you Thank TSX: ELD NYSE: EGO ASX: EAU Shares Outstanding (as of March 31, 2011): 548.5 M Investor Relations: Nancy Woo (604) 601-6650 · nancyw@eldoradogold.com www.eldoradogold.com 27
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