Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Q3 2023 Earnings Presentation
14 slides from Eldorado Gold's earnings presentation, Oct 27, 2023
Slide 1: Q3 2023 Results Conference Call
Q3 2023 Results Conference Call October 27, 2023 Efemçukuru, Türkiye
Slide 2: Forward Looking Statement
Forward Looking Statement Definitions Capitalized terms used in this presentation but not otherwise defined herein have the meanings ascribed thereto in the Management’s Discussion and Analysis dated October 26, 2023 of Eldorado Gold Corporation for the nine months ended September 30, 2023 (the “MD&
Slide 3: Non-IFRS Measures
Non-IFRS Measures Certain non-IFRS financial measures and ratios are included in this presentation, including cash operating costs and cash operating costs per ounce sold, total cash costs and total cash costs per ounce sold, all-in sustaining costs ("AISC") and AISC per ounce sold, sustaining and g
Slide 4: Participants and Agenda
Participants and Agenda Third Quarter 2023 Overview George Burns President & CEO Financials Philip Yee EVP & CFO Operations Joseph Dick Simon Hille EVP & COO SVP Technical Services and Ops 3
Slide 5: Q3 2023 Highlights
Q3 2023 Highlights Improvements continue to deliver results across the sites Operational Performance Corporate & Other Updates • Q3 2023 gold production of 121,030 ounces • Updating 2023 guidance ranges to reflect updated full-year • Expected strong Q4 production expectations given the operational a
Slide 6: Financial Results: Q3 2023
Financial Results: Q3 2023 ($ millions unless otherwise noted) Q3 2023 Q3 2022 YTD 2023 Profit Metrics Au produced (oz) 121,030 118,791 341,973 Au sold (oz) 119,200 118,388 339,151 Metal sales revenues 245.3 217.7 704.5 Average realized gold price ($/oz sold) (1) 1,879 1,688 1,920 Production Costs 1
Slide 7: Financial Position
Financial Position Focus on maintaining solid financial position which provides flexibility to unlock value across our business Liquidity Position(1) (as of Sept. 30, 2023) • Cash position(1) of $476.6 million as at September 30, 2023 • In October 2021, Eldorado entered into a $250 million amended a
Slide 8: Skouries
Skouries Full construction mode on the Company’s next phase of growth Q3 2023 Highlights • Overall project process at 34%, expected to be ~48% by year end • Engineering, procurement and contracting • Detailed engineering at 56% • Procurement at 73% • Construction Primary crusher foundation • Site pr
Slide 9: Operations Update
Operations Update Productivity initiatives began delivering results H&S Highlight Operations Improving • LTIFR of zero in Q3 2023; Q3 2023 YTD decrease of 49% from • Solid Q3 2023 Q3 2022 YTD • Delivered key initiatives at Kışladağ and Olympias that • Focused on improving workplace safety and to ens
Slide 10: Kışladağ
Kışladağ Ramping up upgraded materials handling and agglomeration equipment Q3 2023 Highlights • Q3 gold production of 37,219 ozs at cash operating costs(1) of $622/oz sold • Record(2) ore tonnes of 3.6 million placed on the pad in Q3 • Completed commissioning of the fine-ore agglomeration circuit,
Slide 11: Efemçukuru
Efemçukuru Steady producer quarter over quarter Q3 2023 Highlights • Q3 gold production 21,142 ozs at cash operating costs(1) of $817/oz sold • Progressed on the development of the Mine Rock Storage Facility (MRSF) southern expansion • Continued resource conversion drilling at Kokarpinar • Productio
Slide 12: Lamaque
Lamaque Consistent performer Q3 2023 Highlights • Q3 gold production of 43,821 ozs at cash operating costs(1) of $624/oz sold • Impacted by slower development in Q2 as a result of the forest fires in the region • On track to complete resource conversion drilling of top 2/3rds of the Ormaque deposit
Slide 13: Olympias
Olympias Executing on key productivity initiatives Q3 2023 Highlights • Q3 gold production of 18,848 ozs at cash operating costs(1) of $885/oz sold • Increased underground development and production from the Flats zone • Mine and processed tonnes at record levels • Key productivity initiatives imple
Slide 14: Thank You
Thank You TSX: ELD NYSE: EGO eldoradogold.com