Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — ESG Presentation (June 2021)
102 slides from Eldorado Gold's sustainability presentation, Jun 23, 2021
Slide 1: Eldorado Gold 2020 Sustainability Report
* 4 J = q eldorado gold =< 4% Eldorado Gold 2020 Sustainability Report Sustainability Pie from the ‘ Ground Up
Slide 2: About 2020 Sustainability Report
About 2020 Sustainability Report ‘This 2020 Sustainabity Report (the “Repor") has been produced in accordance withthe requrements of the core Global Reporting Iniatves ('GRr) standards, and includes data on Eldorado Gold Corporations ("Etdorado" othe “Company") five producing mines in.2020 as wel as
Slide 3: Table of Contents
Table of Contents ‘Our Sustainability Framework (ur Sustinabity Polcios. Edorad’s Sustainabity Integrated Management System | ‘Gusing Exomal Frameworks and Commitments..8 ° ‘Our Performance Targets. ‘Where We Operate. Development Projects. Perams Hil. Tocantizinh. Cet Exploration Highlights. LUN Sus
Slide 4: und up.
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Slide 5: Eldorado at a Glance
Eldorado at a Glance 2020 Key Facts and Figures 5 Countries of Operation T 3 Greece, Brazil 1 Construction Project 3 Development Projects iho, Certej and Perama H 528,874 oz Gold 17.7 Moz Gold at September 3 24,! ea7 Cubi ipietres Over $500,000 donated DVID-19 community 215,301 Tonnes CO2e f greenho
Slide 6: Message from the President & CEO
Message from the President & CEO ur approach to sustainability is driven by our purpose to create a positive impact today and for future generations by finding ever-better ways to operate. We accomplish this by taking a fresh approach to opportunities and challenges, and by putting responsible pract
Slide 7: Message from the President & CEO (continued)
Wie measure our portormance against these pias trough our ‘Suntainabity Integrates Management System ("SIMS"). Developed ‘throughout 2020 end launched eae this yer SIMS ie a eet ot ‘miimum performance standards by which we Wil be able to better ‘measure and track ou ESG performance. Wie have integra
Slide 8: Protecting the Health of Our Environment
Protecting the Health of Our Environment Protecting tho environment has always boon atthe foretont ot ur business decisions. In ston to implementing industry leading technologies such as cry stack tains and venison on demand to reduce our envitonmental footprint, we are aso taking ation on cate enan
Slide 9: Letter from Chair of the Sustainability Committee
Letter from Chair of the Sustainability Committee How an organization governs sustanabity is 3s vial as the performance metis it cisloses. Envionmental, Social nd Governance ("E86") performance underpins organizational _sustanabity and transparent reporting ows stakeholders to Understand which issue
Slide 10: Our Approach to Responsible Mining
Our Approach to Responsible Mining ‘Our busines is focused on breaking new ground at every stage inthe mining te cycle. From the intl eatonships we bul with local Communities 1 implementing socially and eovronmentaly responsible closure prachces, we seek 0 tind new ways to responsibly create vale {o
Slide 11: Our Sustainability Framework
Our Sustainability Framework bit framework embodies ou ‘bit rom the round up" inservice of our corpr dorado’ ‘customers, communes, ‘and other sakoho ‘meeningtufoundtion to this tty. tive a inthis report. By delve ounties, and have acces Engaged and Prosperous Communities
Slide 12: Our Sustainability Policies
Our Sustainability Policies Eldorado's policies and commitments provide the governance for ‘making our vision, values and framework a realty, In 2021, we updated our versity Policy We work to maintain potcies nd commitments that support responsible mining practices. (ur sustainabiny‘lated poicies in
Slide 13: Our Performance Targets
Our Performance Targets 12020, lord achieved at sustainably rte corporate tages. We contewe to set O not ectieved ‘tous goa or sustarabity performance, management ang governance, ad Work 0 « Integrate sustanabity io our business For turner oration on how are gos are ted to Parity actioved Compensati
Slide 14: Materiality
Materiality How We Determine Material Topics Pe - - Step : Preliminary Desktop Assessment Determining Materiality Step 8: Comping Resuits and Cre
Slide 15: Analysis of 2020 Material Topics
Analysis of 2020 Material Topics. Engaged and Prosperous Communities
Slide 16: Materiality matrix
i } seep nuownng ngranang mesons mo tnt penance tou Suteides Materiaty matrclegend: « Importance to Our Business (Y axis): elects the intuence and importance ot each topic on Eldorado a a sustainable mining company + Importance to Our Stakeholders (X xi): lets the inluence and importance each topic
Slide 17: Responsibly Creating Value throughout the Mining Life Cycle
Responsibly Creating Value throughout the Mining Life Cycle Exploration (3-5 years) idorace's Exploration and Corporate Development units actively took for potetia assets within ou focus jiseictons and in new Fegons, They assess eaty and advanced-stage exploration projects, and conduct nearmine and
Slide 18: Construction
Construction (3-5 years) ‘Once the project EA and other perms are approved by relevant ‘government authorities, nd we have received a postive decision tom out Board ot Octo to proceed. our Capital Projects team can begin construction. Explicit requirements described in the EU guide ‘ur activities an
Slide 19: Outputs; Reclamation and Closure
Outputs ‘Our outputs comprise the products we produce, namely, gold, ever, lead and 2c. Our Marating teams we responsible or establishing working rlttonships and purchasing agreements with downstream fefenes. These agreements outine the terms and condtions of ‘payment fr our products, nd specty para
Slide 20: Where We Operate
Where We Operate” Ownership: Head ottice, Vancouver Legend © vesting mines rn (a) CConstuction Projects Our in-country Offices + Belo Horizonte, raat + Athens, Goece + Dov, Romania + ara, Trkoy ‘Bioneers pe
Slide 21: Operations by country
Romania Kassandra Mines Ownership 2P Reserves: commodities: Onnership: European 2° Reserves: regional othe, Amstersam Te Commodi: ownership Romar 2P Reserves: Greece Turkey commodities: ‘Ownership: commodities: ‘Ownership Eldorado also holds 100% ownership ofthe folowing asset Pecotasecataeed cpitho
Slide 22: Operating Mines
(03) Operating Mines Kigladag Efemgukuru 2020 Sustainability Highlights 2020 Sustainability Highlights Quick Facts Quick Facts ‘Deposit: Gold porp Deposit: Epithet ‘Ownership: 100% Eso Ownership: sor Mining/processing: Open-pt/hoap lo Mining/processing: Undo ato ‘lng management: Waste materi ate con
Slide 23: Lamaque and Olympias
Lamaque Olympias 2020 Sustainability Highlights 2020 Sustainability Highlights Quick Facts Quick Facts Deposit: x09 Deposit: Cok leceinn Overship , ‘Ownership: 100% Eidorad Mining/processing: Mining processing: Unserro Tolings management: sm sured ‘lings management: Ory ack » Le of mine: 20 yer Le o
Slide 24: Operating Mines (continued)
(03) Operating Mines (continued) Stratoni Ss1aton isan underground sver-ead-zine mine located in Halkiik Greece. uses 3 mult-stage fotaton process to exact alead-iver @ Construction Projects ‘Skout ‘Skoutes is ahigh-grade gold-copper porphyry deposit located inthe Hail Perineua in norte Greece, lis
Slide 25: Development Projects
@ Development Projects dorado’ development projects are non-operaing asset thet continue to undergo exporation work, technical design work and analyses ‘though these assets donot produce metals, during this stage, we work to maintan ongoing engagement with local communities 1 inform them about our w
Slide 26: Exploration Highlights
e Exploration Highlights. idorado approaches exploration with health and safety and sustainably top of mind. In 2020, we invested a total of $17.2 milion in exploration, Throughout the year, exploration dling totaled 7,708 mates and included early-stage, browntelds and in-ine programs in Tukey, Cana
Slide 27: UN Sustainable Development Goals
UN Sustainable Development Goals The Unted Nations Sustainable Development Goals (UN SOs") were adopted by AUN member sates in 201510 prod a shared Bepdnt for peace ad posperty fr people andthe pane. The 1” Sustainable Development Goals set targets fr achieving progress in poverty reduction, eductio
Slide 28: Clean Water and Sanitation
Mag eate't nae Clean Water and Sanitation Eldorado recognies that aecess to water Ie essential o human heath and wol-being We work to manage our water consumption while Colaborating with local communities and government to improve ‘access ta clean watr through the folowing practices: Recycing water
Slide 29: Industry, Innovation and Infrastructure
5 te Industry, Innovation and Infrastructure ‘Mining requires immense investments in inrastructare to transport ‘materi, water, energy and information to remete locations ‘woride. By prortzing aca procurement and traning Eidondo ‘sable to assist in bulding intastucture, novation and industry ‘Wi pro
Slide 30: Safe, Inclusive and Innovative Operations
Safe, Inclusive and Innovative Operations People are at the core of our business, and our primary concer is the safety and well-being ‘of our employees and contractors. Working in the mining industry has inherent safety risks, and it is our job to mitigate those risks by training all employees and c
Slide 31: Occupational Health and Safety
Occupational Health and Safety employees, contactors and communis s thereto to, working at heights, hanging and using e to hazardous chem ried spaces, operating equipment and ceiving vei tisk actives, sucha ee fora From the beginning atthe COVID-19 pandemic, Eldorado lestabished two key pres 1. Prot
Slide 32: Responsibility for Safety
Slide 33: Health and Safety Management Systems
“Site ncuive nd inmovative Operations Health and Safety Management Systems 112020, Bora developed sheath nd saety menagement sytem within SIMS to supper out corporate Heath and Softy Foc an chive stetypertormance cro the Company, The yet focuses on wide ange of heath snd sttyrelted activities and is
Slide 34: Strengthening Our Safety Culture
‘ate, incisive and innovetve Opertions ‘Strengthening Our Safety Culture ‘Buiting a heathy an sate work envionment requres employaes to have tho skis and knowedge needed to dott hazards and avoid sks. Invgals must also valve heath a safety in oe to make the right decisions, wile sting polices, proce
Slide 35: Technology for Driving Safety
‘at, rcinive nd innovative Opertons ‘Technology for Driving Safety -AtKgladop, we have intograted a diving ster system into ou mine haul trucks. This eystem manitors ruck operations and diver behavior, ‘and wams the diver of possible fatigue or decreased concentration. Ths helps ou haul tuck operati
Slide 36: Contractor Safety
Contractor Safety We communicate ou minimum expectations rogarting contractor health and safety ules a¢# component ofthe tender notice and project acgements at our mirng facaties. These expectations form an nto part of the agreements Flsorado sgn with each contractor: they educate contactors to cary
Slide 37: Emergency Preparedness
fate, tnchosie and imowtve Opertions Emergency Preparedness 2y panning for emergencies, we Identity, prize and Implement controls for potenti hazards at our sites, which helps minimize ther lenpact who satequarcing ou employees, the enwonment ang local communities. Emergency e=ponse programs at n pl
Slide 38: COVID-19 response
‘Since the outbreak of COVID-19 in ealy 2020, we have remained focused on protecting the health and safety of our worktorce, thet familes and the communities in which we operate We have implemented extensive contolsacoss our operation to mitigate the sk ofthe disease spreading at out ses including s
Slide 39: Inclusive Diversity
Inclusive Diversity projects and seek to foster div gender, race, ethnicity ‘ur ability to create shares Striving for Improved Identity Representation in Leadership Other Designated Groups fate, tnchosie and imowtve Opertions ‘Supporting Opportunities for Women and Other Designated Groups.
Slide 40: Supporting Inclusive Diversity across Our Operating Regions
‘ate, incisive and innovetve Opertions ‘Supporting Inclusive Diversity across Our Operating Regions lobaty Turkey Greece canada + Launching our corporate values «Providing access to + Recognizing that + Proving flexible working ‘nearly 2020 whe ang feduestion for women ‘opportunities fr famiies ‘ara
Slide 41: Inclusive Diversity in Our Workforce
“Site ncuive nd inmovative Operations Inclusive Diversity in Our Workforce Everyhere we operate, we seek to provide opportunities for people of verse ages, genders and cultural backgrounds. We are committed to fostering opportunities for young women to enter the mining industry and continue fo work
Slide 42: Employee Hire Rates by Age and Gender
Sate, incisive and Innovative Operations \Wnlo 1536 ofa employees wore under 20 years od in 2020, 2596 of orale employees woro under 30 years od in comparison to 1496 of male ‘employees. This evidence speaks to our commitment to young women joining our Workforce as we sve for overall gender balance.
Slide 43: Employee Hire and Turnover Rates
‘Table 7: Employee Hire Rates by Region and Gender ie rate (96) ‘te, ncinive nd mvetve Opertons 2020 Total 2019 Total 7 2 W Bl slo Bla] ol|- 12020, Eldorado held a 796 hie rate global. We wore particularly successful hiving female candidates in Canada where the hte rate for women was 33%, ‘Table 8:
Slide 44: Training and Professional Development
Sate, incisive and Innovative Operations Training and Professional Development ‘As our industry and the societies in which we conduct Business evolve, tis important that our employees have the knowledge ‘skis to tl het oles and eeponebitieseticienty, effectively and with car forthe envionment ans th
Slide 45: Labour Standards
“Site ncuive nd inmovative Operations Labour Standards Eldorado seeks to uphold intematonal labour standards and human rights for its employees and contractors. As a member ofthe United "Nations Gobal Compact, ou Human Rights Policy confims our commitment to eiminating forced and chid labour, and we
Slide 46: Engaged and Prosperous Communities
Engaged and Prosperous Communities We work with local communities to establish trusting relationships based on mutual respect. We believe mining is an inherently social activity as workers, communities and companies cooperate to generate shared valued. $3 mil in community investments and donations d
Slide 47: Engaged and Prosperous Communities
Engaged and Prosperous Communi al stages of exploration to the eventusl reclamation an tation of a mine site, Eldorado relies on th our stakel re that the opp produce ally inclusive and sustainable develo, the relationships we have Local Environmental-monitoring Committees Integrating Community Feed
Slide 48: Local Impact Assessment and Management Tools
‘Table 12: Local Impact Assessment and Management Tools Braz Canad Greece Romania Turkey Perama Hil & Tocantinzino Lamaque Kassandra Sapes Corte) femeukury —_Kiladg Engaging with Indigenous Peoples ‘Advancing Opportunities for First Nations
Slide 49: How We Interact with Stakeholders
Engaged and Prosperous Communion ‘Table 13: How We interact with Stakeholders Stakeholder Ways we interact Employees * Corporat, regional and ste personne! engagement + Employee newsletters, social media and email + Workplace heath and safety committees + Performance and development reviews “Tsing s
Slide 50: Complaints and Grievances
Engaged and Prosperous Commies 1 sites, community/pubic relations tesms work with environmental ‘management teams, operations exploration and human resources to engage with communties and governments across abroad range ‘tissues. Mine General Managers and County Vice President & ‘General Managers ar
Slide 51: Community Investment
{Engaged and Prosperous Communion Community Investment ur assets are located in diverse jurisdictions, each with their own unique cultural and social characteristics. Similarly, our projects differ among our operating regions in size and character, meaning that our specific impacts on society, the e
Slide 52: Payments to Communities and Community Investment
{ngage and Prosperous Comenuition {dorado is proud o the contibations wo have 1 safety, the envronment and intratucture in the rehabltsted gram has alowed the Company to better understand our iy local communives and create postive opportunities fe dalaque and calaborstion ‘Table 14: Payments to Comm
Slide 53: 2020 Community Investment Highlights
2020 Community Investment Highlights Kigladag LUgak Province, Turkey Lamaque usbec, canada Tocantinzinho State, Bra Efemeukuru Kassandra Mines Corte] Romania
Slide 54: Local Employment and Procurement
{ngage and Prosperous Comenuition Local Employment and Procurement Mining can be an incredible source of va fe for communities and countries, as it generates employment and investment by producing the raw materials that have become integral to modern life. However, mining is able to generate value f
Slide 55: Our Workforce
{Engaged and Prosperous Communion ‘Our Workforce ‘ou success est of the dedicated employees and contractors who work vi excolence that erves ou performance snd helps us acheve out corpox is ov peoples motivation snd. cross the ore 10,9996 of our employees and contractors ae nationale ofthe country i
Slide 56: Workforce by country and site
Engaged and Prosperous Comennitios Description Employees Contractors 2020 Total Development project 0 Py ot otfice 2 5 8 7% =o 7 Development project 388 cy 787 Corporate oftice 9 1 Ee Gountry total 450 9s 645 Chins ——_—Beling Office = 7 7 ‘Country total - 7 7 ‘Greece Kassandra Mines Offices and medi
Slide 57: Employees by National Representation
{Engaged and Prosperous Communion ‘dorado workforce, including professionals trom exploration geologist to haul tuck divers to accountants and information technologists. 's locate in counties and communities across ou global operations, ‘Table 16: Employees by National Representation Region Local) N
Slide 58: Our Contractors
‘Our Contractors, We requiaty partor with contractors, particularly during the construction of new projects, such as Lamaque and Skouris, nd when signticant investments are made to ou esting operations, suchas constuction activites at KigladaQ. These partnerships enable ut to gravy on short- term la
Slide 59: Responsibility for Local Employment and Procurement
{Engaged and Prosperous Communion Responsibility for Local Employment and Procurement thin SIMS, we have specie requrements fo local employment and procurement, and we seek to priottize local employment nd procurement everywhere we operate. We dec out Humsn Resource ("HR") and Purchasing departments
Slide 60: Responsibly Produced Products
of the gold we produce
Slide 61: Product Responsibility
In 2020, Eldorado produced its frst Responsible Gold Mining Principles ("RCMP") Report. The Report provides independent assurance that Eldorado is working to align with the World Gold Council's REMPs, which provide a global standard for responsible sourcing of gold. Product Responsibility dorado sup
Slide 62: Responsibly Produced Products
Responsibiy Produced Products Safe Product Handling Training Our Employees on Ethical Business Practices
Slide 63: Corporate Governance and Transparency
Corporate Governance and Transparency Central to Eldorado's record as a trusted operator is our commitment to ethical business practices and high ‘our operations, risks and relationships. Eliminating Bribery and Corruption ‘Substantial reducing brbery and compton nal forms an important target ofthe
Slide 64: Corporate Disclosures and Transparency
Responsibly Produced Products Corporate Disclosures and Transparency Cur governance systems ae designed 1 help us consistently ‘evant and effectively manage our risks: ths, tun helps US stay focused on ou longterm panning, decisionmaking and Communication. We Boleve tat cleat and comprehensive dclos
Slide 65: Board of Directors by Age and Gender
‘Table 20: Board ot rectors by Age and Gender Female (74) Male (4) Board of Brectors ver 80 yes 50 0 ‘ua Commitee ‘Over 50 years Ey eS ‘Compensation Conmitioe ‘ver 50 yous EJ 50 ‘erporate Gavemance and Nominating Conmntiee ‘ver 50 years 3 a Sustainabity Commitee ‘Over 50 years 700 = Technical Commit
Slide 66: Transparency of Payments to Governments
Responsibly Produced Products “Traneparont and fay cotected tax revenues and other royaties atow goverment to buld stable poticalinsttutions and invest in sustainable development. Reverwe transparency is also an important part of maintaining honest relationships wth our investors and other stakehold
Slide 67: Security
Security Voluntary Principles on Security and Human Rights ‘eated in 2000, the Voluntary Principles on Securty and Human Rights ("VPSHR™) comprise 9 “set of principles designed to guide Comparies in maintaining the satety and secunt of the operations within an operating framework that encourages res
Slide 68: Healthy Environments Now and for the Future
Healthy Environments Now and for the Future We reclaimed and restored over 10 hectares of land in 2020
Slide 69: Healthy Environments Now and for the Future
eating Erercreents Now and forthe Fate Mining, by its very nature, impacts the natural environment. We work to avoid, minimize, or at the very least, ‘manage the environmental effects of our operations throughout the life cycle of our mines. We recognize the benefits to human health, social well-bei
Slide 70: Environmental Management Systems
Environmental Management Systems We have achieved cetitestion under the IS0 4001 Environmental Management System Standard at our Kiadag and Etemeukuna mings in Turkey and at our Ksssandre Mines in Groece. The overs ‘mot ISO 14001 is to support enivronmental protection and prevent Polhtion, 0 14001 a
Slide 71: Tailings and Waste
Tailings and Waste age facilities
Slide 72: Implementing Leading Practices - Dry Stack Tailings
estny Eouicrments Now andor the Furs Implementing Leading Practices - Dry Stack Tailings {eins ce en miners pocestes sh trond soko hoe s. Whe propety conetructed and or transported ngs manageren wr temgukut, Oympias and Staton mines (stored at the Kokkinolakkas Tings otha Tange Manage “Eldorado is a
Slide 73: Total Amount of Rock, Tailings, Overburden and Waste
eating Erercreents Now and forthe Fate ‘Table 23: Total Amount of Rock, Tailings, Overburden and Mineral: processing Waste Overburden (t) Waste rock (®) 2020 Tots! 2018 Total iladag - _23565.460 - 2908 23.86768 6.624.421 Eremguiaru = 27508 eia7ee 52 “989758 735/608 Tomaque = 820143 _689,800 = 350.88
Slide 74: Tailings Management Facilities
estny Eouicrments Now andor the Furs ‘Table 28: Tangs Management Facilities canadian Dam ‘stociation Consequence ‘ite Tings ype Facity construction fe cycle Cassieation ego esplesch vaste n/a heeplesch pad Imoperaton n/a rock stockole (6ry ‘mattis Tengu ‘Dry sickiaings __Downateam Tneperton Signific
Slide 75: Energy and Climate Change
eating Erercreents Now and forthe Fate Energy and Climate Change 7 ; Climate change isan issue of global concer that has the ability to impact = our operations, stakeholders and the communities in which we operate. Be [eve] The ongoing rise in global average temperatures has created, and will contin
Slide 76: Effects of Climate Change
estny Eouicrments Now andor the Furs Precipitation Greenhouse Gas Emissions Moen oa) apes minum eh asi Fito igorl ise WEDioglecemnerarecematcl sebcatne Steamer eth by ae oftunan pwnd cra tre ‘tjco petite toa andntastctedarae Tans Soaen Sacaceevoorebcsagebsons oneioe ae Gene riage eats cetvan.iechpee
Slide 77: GHG Emission Scopes
eating Erercreents Now and forthe Fate ‘According to GRtrequrements for measuring carbon desde- emission equivalents, we classy ou GHG emissions 2s fotows: ‘Scope (direct) emissions Scope 2 (indirect) emissions _Scope Semissions Scopedefiniion «GHG emissions produced by GHG emissions trom the {GHG o
Slide 78: GHG Emissions by Site
estny Eouicrments Now andor the Furs Diet Cason Diesel mobile (stationary (mabe 2020 ‘equpment) equpment) equpment) LPG _—Lucant Naturals Total by ste sites ‘teoze) COs) (EOE) eRe) ottCORe) COR) CORA) —BOTEToMal——zONBToU log ease a = = = 1009 sa08 20385 23.992 Cron 002 a = = = = oa co Ea 3200 : Ee}
Slide 79: Emissions Efficiency
eating Erercreents Now and forthe Fate €orado's Lamaque mine, which is connected to Québec’ hysroolctic gid energy, produced 36 tonnes of COze in 2020. Lamaque continues o perform among the lowest GHG emissions per ounce gold mines in operation across the lobe. ‘Table 28: Emissions Efficiency Scope
Slide 80: Energy
estny Eouicrments Now andor the Furs Energy ‘though ou takoholdors didnot identity energy use a¢ 2 mata tople, energy use represents 2 signtcant proportion of our operating sts and is responsible forthe vast majorty ofthe GHG emissions produced by our operations. Our energy consumption i also the pr
Slide 81: Water and Air
Slide 82: Water Recycled and Reused
Slide 83: Water Withdrawals and Consumption
Slide 84: Water Efficiency and Water-stressed Areas
Slide 85: Biodiversity and Reclamation
Slide 86: Total Amount of Land Disturbed and Restored
Slide 87: Acid Rock Drainage Risks and Mitigation
Slide 88: Mineral Reserves
Slide 89: Mineral Resources
Slide 90: GRI Content Index
Slide 91: GRI Content Index (Governance)
Slide 92: GRI Content Index (Stakeholder Engagement)
Slide 93: GRI Material Topics
Slide 94: GRI Material Topics
Slide 95: GRI Material Topics
Slide 96: GRI Material Topics
Slide 97: GRI Material Topics
Slide 98: Cautionary Notes
Slide 99: Corporate Information
Slide 100: Glossary of Acronyms, Symbols and Abbreviations
Slide 101: Slide 101
Slide 102: Eldorado Gold Corporation contact details