Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Q1 2023 Earnings Presentation
11 slides from Eldorado Gold's earnings presentation, Apr 28, 2023
Slide 1: Q1 2023 Results Conference Call
Q1 2023 Results Conference Call April 28, 2023 Skouries, Greece
Slide 2: Forward Looking Statement
Forward Looking Statement Definitions Capitalized terms used in this presentation but not otherwise defined herein have the meanings ascribed thereto in the Management’s Discussion and Analysis dated April 27, 2023 of Eldorado Gold Corporation for the three months ended March 31, 2023 (the “MD&A”).
Slide 3: Non-IFRS Measures
Non-IFRS Measures Certain non-IFRS financial measures and ratios are included in this presentation, including average realized gold price per ounce sold, cash operating costs and cash operating costs per ounce sold, total cash costs and total cash costs per ounce sold, all-in sustaining costs (“AISC
Slide 4: Participants and Agenda
Participants and Agenda First Quarter George Burns 2023 Overview President & CEO Philip Yee Financials EVP & CFO Operations Joseph Dick EVP & COO 3
Slide 5: Skouries: Strategic Project Financing Closed
Skouries: Strategic Project Financing Closed Maximizing shareholder value with well-aligned strategic partnerships Term Facility Components Key Features of Term Facility Greek Banks €480 million • Non-recourse to Eldorado; secured by Hellas National Bank of Greece & Piraeus Bank Gold Recovery and Re
Slide 6: Q1 2023 Highlights
Q1 2023 Highlights Steady Q1 2023 operations; 2023 production expected to be back half weighted; Positioned to execute on Skouries Operational Performance Corporate & Other Updates • Q1 2023 gold production of 112,533 ounces • Activity at Skouries focused on early construction • In-line with expecta
Slide 7: Financial Results
Financial Results ($ millions unless otherwise noted) Q1 2023 Q1 2022 FY 2022 Profit Metrics Au produced (oz) 112,533 93,209 453,916 Au sold (oz) 109,817 94,472 452,953 Metal sales revenues 229.4 194.7 872.0 Average realized gold price ($/oz sold) (1) 1,932 1,889 1,787 Production Costs 109.9 104.6 4
Slide 8: Financial Position
Financial Position Focus on maintaining solid financial position • Cash position(1) of $262.3 million at March 31, 2023 • In October 2021, Eldorado entered into a $250 million amended and restated senior secured credit facility (“ARCA”) • On April 5, 2023, Eldorado closed the project financing for t
Slide 9: Operating Results
Operating Results Solid Q1 2023 Operating Results Expect production to be H2 2023 weighted H&S Highlight Operations Improving • Tüprag: 2023 Euromines Silver Safety Award • Steady Q1 2023, inline with expectations • LTIFR decreased in Q1 2023 compared to Q1 2022 • Continue to expect production to be
Slide 10: Operations Update
Operations Update Operational performance in Q1 2023 driven by steady performance from Kışladağ and notable improvements at Olympias Kışladağ Lamaque • Q1 gold production of 37,160 ozs at cash operating • Q1 gold production of 37,884 ozs at cash operating costs(1) of $708/oz sold costs(1) of $721/oz
Slide 11: Thank You
Thank You TSX: ELD NYSE: EGO eldoradogold.com