Eldorado Gold Corporation · TSX:ELD

Eldorado Gold — Investor Presentation (November 2014)

27 slides from Eldorado Gold's investor presentation, November 2014

  1. Slide 1: Consistency: Growing through low cost operations

    Consistency Growing through low cost operations November 2014 Efemçukuru Gold Mine, Turkey

  2. 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

  3. Slide 3: Keeping it Consistent

    Keeping it Consistent Running a strong business A global company Strong financial performance  Operations & projects in 5 countries  Cash at Sept 30, 2014: $562.3M  Exceptional exploration potential  YTD Revenues: $786.6M  Over 7,000 employees and  Available & undrawn credit facilities: contra

  4. Slide 4: Our Assets

    Our Assets Well balanced global portfolio www.eldoradogold.com 4

  5. Slide 5: Strong Operations

    Strong Operations Turkey China Greece Brazil Kisladag Jinfeng Stratoni Vila Nova Efemcukuru Tanjianshan White Mountain

  6. Slide 6: Operating Performance

    Operating Performance Consistent production at low costs 2012 2013 2014F 790,000 721,201 656,324 494 495 483 Gold Production (oz) Operating Cash Costs ($/oz) Operating Results 2014 Q1 Q2 Q3 YTD 2014 Gold produced (oz) (1) 196,523 200,551 192,578 589,652 Gold sold (oz) 190,628 190,621 189,321 570,570

  7. Slide 7: Strong Operations: Turkey

    Strong Operations: Turkey Kisladag & Efemcukuru YTD 2014 Kisladag Efemcukuru Gold Production 222,085 oz 78,841 oz Total cash cost $454/oz Au $562/oz Au Average grade 1.04 g/t Au 8.54 g/t Au Mine type Open pit Underground www.eldoradogold.com 7

  8. Slide 8: Strong Operations: Turkey - Expanding Kisladag

    Strong Operations: Turkey Expanding Kisladag  Phase IV expansion includes:  20 Mt per annum of crushed ore to the leach pad at additional capital cost of $90M  Installation of new primary gyratory crusher and 48” overland conveyor  Expanding ADR capacity  No significant change to mine fleet  T

  9. Slide 9: Strong Operations: China

    Strong Operations: China Consistently delivering value YTD 2014 Jinfeng Tanjianshan White Mountain Gold production 126,284 oz 79,556 oz 65,603 oz Total cash cost $673/oz $575/oz $651/oz Average grade 4.01 g/t 3.41 g/t 3.48 g/t Mine type Open pit and underground Open pit Underground www.eldoradogold.

  10. Slide 10: Base Metal Operations: Brazil and Greece

    Base Metal Operations: Brazil and Greece Additional credits to our portfolio www.eldoradogold.com 10

  11. Slide 11: Industry Leading Growth

    Industry Leading Growth Greece Romania China Halkidiki District Certej Eastern Dragon (Skouries, Olympias)

  12. Slide 12: Industry Leading Growth: Greece

    Industry Leading Growth: Greece Growing the Halkidiki Mining District www.eldoradogold.com 12

  13. Slide 13: Greece: Construction Advancing at Skouries

    Greece: Construction Advancing at Skouries Q3 Highlights  Completion of the mill foundations  Installation underway of the SAG and ball mills  Underground decline advancement continues  Construction of the tailings dam to start in Q4  Production expected to commence late 2016 Skouries Estimated

  14. Slide 14: Greece: Continuing Progress at Olympias

    Greece: Continuing Progress at Olympias Phased development Phase I Phase II Phase III (2012-2015) (2016-2019) (2020 on) • Refurbish plant & re- • Underground production • Underground expansion process 2.4 Mt of old to existing plant • New mill in Stratoni valley tailings • Up to 650,000 tpa • Produc

  15. Slide 15: Romania and China: Moving Forward

    Romania and China: Moving Forward Quality assets Certej Highlights Eastern Dragon Timeline  Summer 2015 – finish construction of Tailings  Trade-off studies to refine design options and Management Facility (TMF) and limited pre- costing underway strip  Completion of feasibility study planned for

  16. Slide 16: Solid Financial Performance

    Solid Financial Performance Q2 Financial Highlights Leading Balance Sheet Q2 Financial Position Low AISC & Cash Costs

  17. Slide 17: YTD Financial Highlights

    YTD Financial Highlights Solid financial performance 892.3 808.9 YTD 2013 YTD 2014 404.2 298.2 186 109.2 Revenues Gross Profit from Gold Adjusted Net Earnings Financial Results ($ millions except where noted) YTD 2013 YTD 2014 Revenues from all metals 892.3 808.9 Gross profit from gold mining operat

  18. Slide 18: Industry Leading Balance Sheet

    Industry Leading Balance Sheet Significant cash, liquidity and financial flexibility Net Cash to Market Cap 2014E Liquidity: ~$960 million 0% -10% Net cash to market cap – 2014F (%) $375 -20% $585 -30% -40% Cash & Term Deposits Undrawn Credit Facility -50% KGC AUY AEM BTO ABX IAG** NGD GG* NEM EGO S

  19. Slide 19: 2014E All-In Sustaining Cash Costs

    2014E All-In Sustaining Cash Costs Lowest among peer group  Eldorado’s FY 2014F AISC: $850/oz* Sustaining Other G&A Exploration Operating 1,200 1,000 800 $/oz 600 400 200 0 IMG ABX BTO NEM KGC AUY NGD GG AEM ELD Source: TD Securities *Includes total cash costs, sustaining capital expenditure, corpo

  20. Slide 20: Core Strengths

    Core Strengths Our Approach Strong Reputation Scorecard

  21. Slide 21: Our Approach

    Our Approach Operating with integrity Community Stakeholder Environment Health and Safety Projects Engagement  Medical  Governments  Operate to stringent  Occupational health  Educational  Communities standards programs  Infrastructure  Shareholders  Continuous  Ongoing training  Agricult

  22. Slide 22: Strong Reputation

    Strong Reputation Earned by consistently delivering to plan  Strong technical management  Understanding the jurisdictions in which we operate  Operating to the highest environmental and safety standards  Prudent financial management  Track record of value creation Kisladag gold mine, Turkey www

  23. Slide 23: 2014 Scorecard

    2014 Scorecard Focusing on delivery Corporate  Announce resources and reserves update  Q1  Closure of Glory Resources transaction  Q1  Meet production and cash cost guidance Ongoing (790Koz @ AISC $850/oz) Turkey  Receive approval of Kisladag supplementary Environmental Impact  Q2 Assessment

  24. Slide 24: Background Information

    Background Information White Mountain Gold Mine, China

  25. Slide 25: Proven Track Record

    Proven Track Record Increasing Reserves and Grade Significant Growth at Low Costs 45.0 1.70 40.0 1.60 35.0 1.50 Moz + 2P/1000 shares Over the past 5 years we have: 30.0 1.40 Grade (g/t) 25.0 1.30 20.0 1.20  Doubled production 15.0 1.10 10.0 1.00 5.0 0.90  Materially increased reserves 0.0 0.80 per

  26. Slide 26: Gold Resources and Reserves

    Gold Resources and Reserves At December 31, 2013 Total Proven and Probable Total Measured and Indicated Inferred Resources Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (x1000) (Au g/t) (x1000) (x1000) (Au g/t) (x1000) (x1000) (Au g/t) (x1000) Certej 46,984 1.63 2,458 111,115 1.35 4,81

  27. Slide 27: Thank You

    Thank You TSX: ELD NYSE: EGO Investor Relations: Krista Muhr, VP IR Total shares outstanding: 716.3M* 604 601 6701 kristam@eldoradogold.com www.eldoradogold.com *At Sept 30, 2014

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