Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Scotia Capital Mining Conference 2011
31 slides from Eldorado Gold's conference presentation, Nov 29, 2011
Slide 1: Continuing to Build a High Quality Gold Company
Continuing to Build a High Quality Gold Company Scotia Capital Mining Conference November 29, 2011 www.eldoradogold.com 1
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
Slide 3: Worldwide Operations
Worldwide Operations Eldorado Gold is a Canadian gold producer with six operating mines, one mine under construction, two development projects and an extensive 2011 exploration program. We presently operate t in i Chi China, T Turkey, k B Brazilil and dGGreece. W We pay a semi-annual i l di dividend
Slide 4: 2011 Strategy and Objectives
2011 Strategy and Objectives Focus on organic g g growth: Increase gold production from fully operating mines to approx. 650,000 oz at $400/oz cash operating cost Construct two new mines Advance development projects Maintain production costs in lowest quartile Increase dividend Accelerat
Slide 5: 2011 Operating Highlights
2011 Operating Highlights (amounts in US$ unless otherwise stated) Year-to- Q1 2011 Q2 2011 Q3 2011 Date Gold Production (oz) 148,577 162,429 179,195 490,201 Gold Sales (oz) 148,530 162,164 179,513 490,207 Realized Gold Price $1 397 $1,397 $1 510 $1,510 $1 700 $1,700 $1 546 $1,546 Cash Operating Cos
Slide 6: Expanding Margins
Expanding Margins 1,800 1,600 1,400 1,200 , 1,000 $1,079 $/oz 800 $800 $658 600 $587 $279 $411 400 200 0 2006 2007 2008 2009 2010 Q1-3, 2011 Total Cash Cost Cash Margins Realized Gold Price www.eldoradogold.com 6
Slide 7: Annual Gold Production
Annual Gold Production (in x1,000 x1 000 oz) 700 600 500 400 300 200 100 0 2006 2007 2008 2009 2010 2011 (E) www.eldoradogold.com 7
Slide 8: Gold Resources and Reserves
Gold Resources and Reserves 32,000 28,000 24,000 oz) Gold In-Situ (x1,000 o 20,000 16,000 12,000 8,000 4,000 0 2006 2007 2008 2009 2010 M+I Inferred P+P www.eldoradogold.com 8
Slide 9: Gold Production Profile
Gold Production Profile 1,500 $500 1,200 $400 TZ 900 Perama Hill $300 x 1,000 oz Eastern Dragon $/oz Efemçukuru 600 White Mountain $200 Tanjianshan Jinfeng 300 $100 Kişladağ 0 $0 2009A 2010A 2011E 2012E 2013E 2014E 2015E Cash Operating Cost ($/oz) www.eldoradogold.com 9
Slide 10: Expansion Opportunities
Expansion Opportunities Annualized Planned Anticipated Expansion Expansion Mine Production Increase Production Completed (oz/yr) (o /y ) (oz/yr) (o /y ) ( / ) (oz/yr) Kişladağ 275,000 175,000 - 225,000 475,000 2014 Efemçukuru 120,000 35,000 - 45,000 160,000 2014 White Mountain 70,000 25,000 - 35,000
Slide 11: Enhanced Gold Production Profile
Enhanced Gold Production Profile 1,500 $500 1,200 $400 900 $300 x 1,000 oz $/oz 600 $200 300 $100 0 $0 2009A 2010A 2011E 2012E 2013E 2014E 2015E Cash Operating Cost ($/oz) www.eldoradogold.com 11
Slide 12: Diversifying our Gold Production
Diversifying our Gold Production Percentage of Eldorado’s gold production Gold Production 2011 (E) Gold Production 2015 (E) 10% 11% Turkey 44% Turkey 56% China China 49% 30% Brazil Greece www.eldoradogold.com 12
Slide 13: Kişladağ Mine, Turkey
Kişladağ Mine, Turkey Location Uşak Province, Western Turkey Deposit Gold porphyry Ownership 100% Type Open pit, heap leach gold mine Commercial July 2006 production d ti P+P reserves 10.2 M oz gold @ 0.74 g/t M+I resources 12.2 M oz gold @ 0.68 g/t 2011 Highlights • Received supplemental EIA Positi
Slide 14: Kişladağ Mine Expansion (Phase IV)
Kişladağ Mine Expansion (Phase IV) Highlights Current production rate (crushing, screening, stacking) 12.5 million tonnes / year Expanded production rate (crushing, screening, stacking) 25.0 million tonnes / year Expanded production rate, average 475,000 ounces / year LOM strip ratio 1.4:1 ROM ore t
Slide 15: Kişladağ Expanded Production
Kişladağ Expanded Production 600 $500 500 $400 400 $300 x 1,000 oz $/oz 300 $200 200 $100 100 0 $0 2012 2013 2014 2015 2016 Cash Operating Cost (US$/oz) www.eldoradogold.com 15
Slide 16: Efemçukuru Mine, Turkey
Efemçukuru Mine, Turkey Location Izmir Province, Western Turkey Deposit High grade epithermal gold vein Ownership 100% yp Type Underground g g gold mine Production Q 2, 2011 P+P reserves 1.5 M oz gold @ 9.10 g/t 2011 Highlights M+I resources 1.7 M oz gold @ 9.55 g/t • Received Trial Operating Permit
Slide 17: Jinfeng Mine, China
Jinfeng Mine, China Location Guizhou Province, China Deposit Carlin type Carlin-type 82% Eldorado, 18% Guizhou Ownership Lannigou Gold Mine Limited Type Open pit and underground gold mine P+P reserves 1.9 M oz gold @ 4.03 g/t M+I resources 2.6 M oz gold @ 3.55 g/t Inferred 2011 Highlights 1.0 M oz g
Slide 18: Tanjianshan Mine, China
Tanjianshan Mine, China Location Qinghai Province, China Deposit Orogenic 90% Eldorado, 5% Qinghai Ownership Number One Geological Brigade, 5% Dachaidan Gold Mine Type Open pit gold mine mine, float-roast-CIL float roast CIL P+P reserves 587,000 oz gold @ 3.42 g/t 2011 Highlights M+I resources 777,0
Slide 19: White Mountain Mine, China
White Mountain Mine, China Location Jilin Province, China Deposit Orogenic 95% Eldorado, 5% Jilin Tonghua Ownership Institute of Geology and Minerals Exploration and Development T Type U d Underground d gold ld mine, i CIL plant l t P+P reserves 720,000 oz gold @ 3.74 g/t M+I resources 946,000 oz go
Slide 20: Vila Nova Mine, Brazil
Vila Nova Mine, Brazil Location Amapa State, Brazil Ownership 100% Type Open pit iron ore mine P+P reserves 9.2 M tonnes (61.0% Fe) M+I resources 9 9 M tonnes (61 9.9 (61.5% 5% Fe) Inferred resources 2.0 M tonnes (61.2% Fe) 900,000 ROM Designed annual production capacity 2011 Highlights ore • Signif
Slide 21: Eastern Dragon Project, China
Eastern Dragon Project, China Location Heilongjiang Province, China Deposit High-grade, epithermal, gold-silver vein 95% Eldorado, Ownership 5% County (DaxinglanlingYihua Development Company Limited) Open pit and underground gold mine mine, Type CIL plant under construction Production Q3, 2012 Const
Slide 22: Perama Hill Project, Greece
Perama Hill Project, Greece Location Eastern Thrace, northern Greece Deposit Epithermal non-refractory oxide Ownership 100% Type Open pit P+P P P reserves 975,000 oz gold @ 3.13g/t M+I resources 1,382,000 oz gold @ 3.46 g/t Inferred resources 554,000 oz gold @ 1.96 g/t 2011 Highlights Strip ratio 0.
Slide 23: Tocantinzinho Project (TZ), Brazil
Tocantinzinho Project (TZ), Brazil Tapajos district, Para State, Location central Brazil shallow, intrusion-hosted, non- Deposit refractory gold deposit Ownership 100% Type Open pit P+P reserves 1.9 M oz gold @ 1.25 g/t 2011 Highlights M+I resources 2.4 M oz gold @ 1.06g/t • Prefeasibility y Studyy
Slide 24: Where we Explore
Where we Explore 2011 Exploration budget: $54 million Allocation: 58% minesite and brownfield ($31 million) 42% greenfield ($23 million) www.eldoradogold.com 24
Slide 25: Brazil Drilling Programs
Brazil Drilling Programs Brownfields: 15,000 metres Early stage/reconnaissance: 4 500 metres 4,500 Tapajos Region • Tocantinzinho: brownfields targets. 2011 plan includes 15,000 metres of diamond drilling (approx. 50-60 holes) • Agua Branca, Piranhas: early stage exploration Vila Nova iron ore mine
Slide 26: China Drilling Programs
China Drilling Programs Minesite/brownfields: 67,500 metres Early stage: 25 25,500 500 metres Tanjianshan Eastern Dragon Region • 323, QLT deeps resource definition • Lode 5 resource definition • Xijingou, j g , ZXS brownfields targets g White Mountain Region • White Mountain ore body extension • Xi
Slide 27: White Mountain District Drilling Programs
White te Mountain ou ta District st ct Drillingg Programs og a s Intercepts in this area outline a new mineralized zone, open both along strike to the north and down dip p www.eldoradogold.com 27
Slide 28: Turkey Drilling Programs
Turkey Drilling Programs Minesite and brownfields: 12,500 metres Early stage/reconnaissance: 15 15,000 000 metres Kişladağ Minesite Eastern Pontides Brownfields targets Atalan Prospect Şebin, Dölek prospects • Istanbul • Izmir Efemçukuru Minesite Malatya District • Northwest Kestane Beleni MH I0CG p
Slide 29: Efemçukuru Drilling Programs
Efemçukuru Drilling Programs Kestani Beleni Vein 2011 surface exploration program at Efemcukuru includes over 11,000 metres of planned drilling focusing on two main areas: the northwest along-strike extension of the Kestani Beleni vein, and the parallel Kokarpinar vein, located 400 to 500 metres to
Slide 30: Strengths
Strengths Experienced E i d ttechnical h i l tteam Strong balance sheet Growth G th from f currentt assets t in i four f jurisdictions j i di ti Lowest quartile of costs Proven P record d off execution ti www.eldoradogold.com 30
Slide 31: Thank you
Th k you Thank TSX: ELD NYSE: EGO ASX: EAU Total Shares Outstanding (as of September 30, 2011): 560.3 M Investor Relations: Nancy Woo (604) 601-6650 · nancyw@eldoradogold.com www.eldoradogold.com 31
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