Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Investor Presentation (December 2008)
27 slides from Eldorado Gold's investor presentation, December 2008
Slide 1: Eldorado Gold Corporation December 2008
ELDORADO GOLD CORPORATION December 2008 ...and operating to plan.
Slide 2: Forward Looking Statements
Forward Looking Statements Certain of the statements made herein may contain forward-looking 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
Slide 3: 2008 Objectives
2008 Objectives ¾ Production of 300,000 ounces of gold at a cash operating cost of $255 per ounce ¾ Initiate construction of Efemçukuru gold mine in Turkey ¾ Initiate construction and commissioning of Vila Nova iron ore mine in Brazil ¾ Growth G th through th h acquisition i iti ¾ Continue to replac
Slide 4: 2008 Performance Highlights
2008 Performance Highlights ¾ Continued construction at the Efemçukuru gold mine in Turkey and at the Vila Nova iron 2008 2008 ore mine in Brazil Q3 YTD ¾ Declared a $3.0 million dividend at PRODUCTION Tanjianshan gold mine (TJS). Released Total Production (oz) 72,343 226,957 $10.8 million in restri
Slide 5: Total Cash Costs vs Average Realized Price
Total Cash Costs vs Average Realized Price 5
Slide 6: Production Profile
Successfully navigating the challenges... Corporate Production Profile Au ozs 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2007 Actual 2008 2009 2010 Forecast Forecast Forecast 2013 Forecast ) eldoradogold Perama Hill and Tocantinzinho Efemgukuru Tanjianshan Kisladag Sao Bento
Slide 7: Resources and Reserves
Successfully navigating 2 the challenges... eldoradogold Corporate Resources and Reserves Au ozs (x1000) 16,000 14,000 12,000 10,000 8,000 Measured 6,000 Indicated Inferred 4,000 Reserves 2,000 Reserves Resouces Reserves Resouces Reserves Resouces Reserves Resouces ? 2005 2006 2007 2008
Slide 8: Production and Development
Production and Development Perama Hill Project, Thrace, Greece Efemçukuru Project, Izmir, Turkey Tanjianshan Mine, Mine Qinghai, Qinghai China Vila Nova Iron Ore Project, Amapa, Brazil Kişladağ Mine, Usak, Turkey Producing Mines Development Projects 8
Slide 9: Kişladağ Mine, Usak, Turkey
Kişladağ Mine, Usak, Turkey ¾ Kişladağ is an open pit heap leach gold mine, and is the RESOURCES (in ounces Au) largest gold mine in Turkey M&I 7,751,000 7 751 000 ¾ Commercial production began in July 2006 Inferred 3,346,000 ¾ Completed installation of second line of crushers RESERVES (in ounces Au
Slide 10: Kişladağ Mine, Mine site
Successfully navigating the challenges... eldoradogold Operations Kisladag Mine, Mine site
Slide 11: Tanjianshan Mine, Qinghai, China
T ji Tanjianshan h Mine, Mi Qinghai, China ¾ Tanjianshan is an open pit gold mine with significant RESOURCES (in ounces Au) opportunity to expand resources M&I 1,217,000 ¾ Eldorado Gold is the first North American gold producer Inferred 146,000 in China RESERVES (in ounces Au) ¾ The mine consists of
Slide 12: Tanjianshan Mine, Plant site
Tanjianshan Mine, Plant site 12
Slide 13: Efemçukuru, Izmir, Turkey
Efemçukuru, Izmir, Turkey ¾ Efemçukuru is a high grade epithermal gold deposit, RESOURCES (in ounces Au) well suited for underground mechanized mining M&I 1,447,000 ¾ Feasibility study completed in July 2007 based on a Inferred 239,000 mine throughput of 406,000 tonnes per year producing RESERVES (i
Slide 14: Efemçukuru Ore Shoots Longitudinal Section
Efemçukuru South, Efemçukuru, South Middle and North Ore Shoots Longitudinal Section Looking West 14
Slide 15: Perama Hill, Thrace, Greece
Perama Hill, Thrace, Greece RESOURCES (in ounces Au) ¾ Perama Hill is a shallow, low sulphidation oxide gold deposit in northern Greece M&I 1,447,000 Inferred 239,000 ¾ Project located in geologically prospective terrain OWNERSHIP 100% ¾ The mineralization is non-refractory with a very low strip rat
Slide 16: Perama Hill, Cross Section
Perama Hill, Cross Section 16
Slide 17: Vila Nova Iron Ore, Amapa, Brazil
Vila Nova Iron Ore, Amapa, Brazil ¾ The Vila Nova iron ore project consists of an open pit RESOURCES (in tonnes and % Fe) mine and ore processing facility producing lump ore and M&I 9,964,000 (61.6% Fe) sinter i t fifines Inferred 2,022,000 (61.2% Fe) ¾ Extremely robust project, with significant fin
Slide 18: Vila Nova Iron Ore, Amapá, Brazil
Vila Nova Iron Ore, Amapá, Brazil ship loading facility 18
Slide 19: Exploration Properties Map
Turkey Exploration, Pontide Volcanic Belt, AS Project, Biga Peninsula Tanjianshan Regional Exploration, Qinghai, China AuEx JV, Nevada, U.S.A. Kişladağ Regional Exploration, Usak, Turkey Nimini Hills JV, Sierra Leone Tocantinzinho, Para, Brazil Macusani Carabaya, Macusani, Carabaya Peru 19
Slide 20: Tanjianshan Regional Exploration, Property map
Tanjianshan Regional Exploration, Property map ¾ 2007 drill program of 20 690 m tested mainly 20,690 near deposit targets in JLG North, QLT Deep, QLT South, and XJG ¾ 2008 program will continue drilling 26,000 m in QLT Deep, QLT South, and XJG ¾ Regional exploration focused on the area between the t
Slide 21: Kişladağ Regional Exploration, Usak, Turkey
Kişladağ Regional Exploration, Usak, Turkey ¾ 2008 drilling program is 16,000 meters hist Sc K ¾ The targets in Kişladağ are the z M extension of the mineralized intrusive both at depth and laterally S ¾ Crew are now testing Sayacik volcanic center (S) immediately to the southwest of Kişladağ deposi
Slide 22: Kişladağ Regional Exploration, Deposit East West Cross Section
Kişladağ Regional Exploration, Deposit East West Cross Section 22
Slide 23: Turkey Exploration
Turkey Exploration HIGHLIGHTS ¾ Pontide Volcanic Belt: Volcanic Istanbul arc where intrusive/volcanic complexes are found with Biga Peninsula Pontides Volcanic Belt associated alteration in the Ankara AS Project overlying volcanic rocks Izmir Kisladag Turkey ¾ AS Project (50%): Porphyry-style Efemçu
Slide 24: Tocantinzinho, Para, Brazil
Tocantinzinho, Para, Brazil ¾ TZ project property size is 430 km2 ¾ In the project, gold mineralization (non-refractory) occurs as stockwork veinlets within Proterozoic granite ¾ TZ currently has 1.05 million ounces of gold in indicated resources and 1.04 million ounces of gold in inferred resources
Slide 25: AuEx JV, Nevada, U.S.A.
AuEx JV, Nevada, U.S.A. ¾ Joint venture with AuEx; Eldorado can earn up to 70% of these projects projects. ¾ Projects include: ¾ Klondike North: Epithermal gold-silver deposit ¾ Green Monster: Carlin-style sediment hosted ¾ Buffalo Canyon: Mesothermal vein gold and porphyry mineralization ¾ Hays Can
Slide 26: Summary
Summary ¾ Strong balance sheet ¾ Debt free and unhedged ¾ Lowest cost pure gold producer with good margins ¾ Long L lif life, llow costt assets t ¾ Regionally focused with excellent development projects for internal growth ¾ Proven abilityy to explore, p , develop, p, and operate p 26
Slide 27: For more information contact
TSX: ELD NYSE A EGO NYSE-A: For more information contact: Nancy Woo, Investor Relations Phone: (604) 601-6650 601 6650 www.eldoradogold.com 27
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