Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Investor Presentation (November 2007)
25 slides from Eldorado Gold's investor presentation, November 2007
Slide 1: Achievements / Opportunities / Position
Achievements / Opportunities / Position November 2007
Slide 2: Forward-looking statements
Certain of the statements made herein may contain forward-looking statements within the meaning of the United States Private Securities Reform Act of 1995 and forward looking statements or information within the meaning of the Securities Act (Ontario). Such forward looking statements or information
Slide 3: 2007 Objectives
2007 Objectives • Forecast to produce 300,000 ounces of gold at a cash cost of US$235 per ounce • Kisladag Mine 160,000 ounces at a cash cost US$195 per ounce • Tanjianshan Mine 135,000 ounces at a cash cost US$290 per ounce • Efemçukuru feasibility study delivered and construction decision by year
Slide 4: Year to Date Highlights
Year to Date Highlights • Gold revenue US$154.6M • Net Income US$44.5 M • Earnings per share US$0.13 • Ounces Produced 249,135 • Cash Costs US$239 per ounce 4
Slide 5: Production Profile
Unprecedented: Achievements / Opportunities / Position eldoradogold 120,000 600 Production Profile 100,000 500 N xe 80,000 400 & — % 3 ‘s) 2 < 6 60,000 300 8 Oo ~ 250 ibee '] Cost Target Range 40,000 200 20,000 100 Q2 Q3 Q4 Q1 Q2 Q3 2006 2006 2006 2007 2007 2007 5
Slide 6: Production Profile
Unprecedented: Achievements / Opportunities / Position eldoradogold 500,000 500 . Production 450,000 450 Profile 400,000 400 350,000 350 HN So Bento 300,000 300 i N Gl Kisladag 8 Ps 8 250,000 20 & We ws 200,000 200 Efemgukuru Me™ Cash Cost 150,000 150 100,000 100 50,000 | 50 2005 2006 2007 2008 2009
Slide 7: Overview Turkey
Overview Istanbul Biga Peninsula Pontides Ankara AS Project Izmir Kisladag Turkey Efemçukuru 7
Slide 8: Kisladag Mine
Kisladag Mine • Grassroots exploration discovery by Company • Commercial production began in July 2006 • 13 year open pit mine with 4.8 million ounces of reserve • 8,400 meters drill program design to upgrade reserve • Forecasted 2007 production 160,000 ounces of gold at cash cost of US$195 per ounc
Slide 9: Kisladag Mine Crushing System
Kisladag Mine Crushing System 9
Slide 10: Kisladag Mine Leach Pad Stacking System
Kisladag Mine Leach Pad Stacking System 10
Slide 11: Efemçukuru Project
Efemçukuru Project • Grass roots exploration discovery by Company • High grade vein system with 1.2 million ounces of proven and probable reserves with potential for expansion • Received Environmental Positive Certificate September 2005 • Feasibility study completed Q2 2007 • Planned underground min
Slide 12: Efemçukuru Feasibility Study
Efemçukuru Feasibility Study Life of Mine: 9.4 years Mine Rate: 1100 t.p.d. Reserve Grade 10.4 g/t Au Average Annual Gold Production: 112,400 ounces Initial Capital Investment: US$ 104 M Cash Cost: US$ 226 /oz 12
Slide 13: Efemçukuru South Ore Shoot Section 2100S
Efemçukuru South Ore Shoot Section 2100S 13
Slide 14: Efemçukuru South, Middle and North Ore Shoots Longitudinal Section
- EfemÇukuru South, Middle and North Ore Shoots Longitudinal Section Looking West 14
Slide 15: Turkey Exploration
TURKEY Turkey Exploration • Exploration Project Areas: Pontides, Biga Peninsula (Biga) Demir Joint Venture (DJV) • 2006 exploration drilling 9,814 meters • 2007 drilled 1,173 meters in Biga and work began last quarter on the DJV • 2007 exploration budget: US$ 6.2 million 15
Slide 16: Overview China
Overview Beijing Tanjianshan China 16
Slide 17: Tanjianshan Mine
CHINA Tanjianshan Mine • Company has 90%. Partners; Qinghai First Brigade and Daichaidan Gold Mine 10%. • Presently an 11 year open pit mine with 1.2 million ounces of reserve. • First gold poured December 2006 • Commercial production declared February 2007 • 2007 forecasted planned production 135,0
Slide 18: Tanjianshan Mine Land Position
CHINA Tanjianshan Mine • Land Position: 33,400 hectares • Property has significant opportunity to extend resource. • 2007 drilled to date 10,700 meters in JLG North, QLT Deep and QLT Far South • Additional anomalies to be explored • 2007 exploration budget US$2.4 million 18
Slide 19: Tanjianshan Mine Plant Site
CHINA Tanjianshan Mine Plant Site 19
Slide 20: Tanjianshan Mine Plant Site
CHINA JD243 5.5m @ 25.58 g/t JD247 25.2m @ 10.04 g/t Incl. 8.1m @ 23.42 g/t JD248 9.8m @ 27.13 g/t JD249 5.9m @ 8.16 g/t Tanjianshan Mine Plant Site 20
Slide 21: Overview Brazil
BRAZIL Overview Tartarugalzinho Villa Nova BRAZIL Operations Brasilia Sao Bento Mine Belo Horizonte São Bento Mine Exploration Rio de Janeiro Vila Nova, AP State Tartarugalzinho, AP State 21
Slide 22: Vila Nova Gold
BRAZIL Vila Nova Gold • Land Position: 152,000 hectares • Geologic Environment: Lower Proterozoic terrain. Gold mineralization is associated within carbonate altered, sheared and folded banded iron formation with a sequence of clastic sediments, mafic volcanic and ultramafic rock. • Work Plan: Soil
Slide 23: Vila Nova Iron Ore Updated Pre-feasibility Study
BRAZIL Vila Nova Iron Ore Updated Pre-feasibility Study Proven & Probable Reserve ROM: 9.3 Mt @ 61% Fe Life of Mine: 9 years Initial Capital Investment: US$ 32.0 M Operating Cash Flow: US$ 153.3 M IRR – After Tax: 41% Payback - After Tax: 2.5 years NPV After Tax @5% Discount: US$69.1M • Lump Ore = U
Slide 24: Summary
Summary • Regionally focused • Superior growth profile • Long life, low cost assets • Strong balance sheet • Proven ability to explore, develop and operate 24
Slide 25: Thank You
Achievements / Opportunities / Position Thank You 25
Eldorado Gold — Investor Presentation (November 2007) on 6ix