Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — 14th Annual Whistler Institutional Investor Conference 2011
19 slides from Eldorado Gold's conference presentation, January 2011
Slide 1: 14th Annual Whistler Institutional Investor Conference
14th Annual Whistler Institutional Investor Conference January 19 - 22, 2011 www.eldoradogold.com 1
Slide 2: Forward-looking statements
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. These forward-looking statemen
Slide 3: Eldorado Gold is a Canadian gold producer
Eldorado Gold is a Canadian gold producer with 5 operating mines, 2 mines under construction, development projects and an extensive 2011 exploration program. We presently operate in China, Turkey, Brazil and Greece. www.eldoradogold.com 3
Slide 4: Gold Production
` Produced in the quarter 148,372 oz at a cash cost of $418/oz ` Produced in the year 632,537 oz of gold at a cash cost of $382/oz ` Generated approximately $200 million of cash from operating activities before changes in non- cash working capital ` Doubled the dividend attributable to 2010 performa
Slide 5: Focus on organic growth: 2011 plans
` Focus on organic growth: ` Increasing gold production by 15 - 20% to 715,000 – 770,000 oz at a cash cost of $375 - $395/oz ` Completing construction of 2 new mines ` Advancing development projects ` Maintaining production costs under $400 per ounce ` Increasing dividend ` Increasing exploration pr
Slide 6: Total Cash Cost Margins and Realized Gold Price
1600 $1,373 1400 $1,195 $1,231 1200 $1,110 $995 1000 $876 $/oz 800 $674 $609 600 400 200 0 2006 2007 2008 2009 Q1 Q2 Q3 Q4 2010 2010 2010 2010E Total Cash Cost Margins Realized Gold Price www.eldoradogold.com 6
Slide 7: Production and Cash Operating Cost Outlook
1,200 $500 $385 $390 $395 $390 $400 1,000 $375 $400 $301 800 x 1,000 oz $300 $/oz 600 $200 400 200 $100 0 $0 2009A 2010A 2011E 2012E 2013E 2014E 2015E Kisladag Jinfeng Tanjianshan White Mountain Efemcukuru Eastern Dragon Perama Hill TZ Cash Operating Cost ($/oz) www.eldoradogold.com 7
Slide 8: Mine Planned Production
Mine Planned Anticipated Anticipated Production Increase (oz/yr) Timeframe (oz/yr) Kisladag 275,000 175,000 – 200,000 2014 Efemcukuru 120,000 35,000 – 45,000 2014 White Mountain 70,000 25,000 – 35,000 2013 Eastern Dragon 80,000 70,000 – 90,000 2015 TOTAL 305,000 – 370,000 www.eldoradogold.com 8
Slide 9: Production Outlook with Expansion Production
1,600 1,400 1,200 1,000 x 1,000 oz 800 600 400 200 0 2009A 2010A 2011E 2012E 2013E 2014E 2015E Kisladag Jinfeng Tanjianshan White Mountain Efemcukuru Eastern Dragon Perama Hill TZ Expansion Production www.eldoradogold.com 9
Slide 10: Kişladağ
` Kişladağ is a gold porphyry deposit located in Uşak Province, Turkey, operating as an open pit heap leach gold mine. ` Commercial production commenced in July 2006 ` 2011 forecast ore production is 12Mt/year at 1.07 g/t Au with a strip ratio of 1.4:1 ` 2011 total capital spending is estimated at T
Slide 11: Jinfeng
` Jinfeng is a carlin-type gold deposit located in Guizhou Province, China, operating as an open pit and underground mine. ` Eldorado owns an 82% interest with local joint-venture partner Guizhou Lannigou Gold Mine Limited holding the remaining 18% ` 2011 forecast ore production is 1.55 Mt (760,000
Slide 12: Tanjianshan
` Tanjianshan is an orogenic gold deposit located in Qinghai Province, China, operating as an open pit, float-roast-CIL operation. ` Partners at Tanjianshan are Qinghai Number One Geological Brigade (5%) and the Dachaidan Gold Mine (5%) ` In 2011 Tanjianshan plans to process 1Mt at an average grade
Slide 13: White Mountain
` White Mountain is an orogenic gold deposit located in Jilin Province, China operating as an underground mine using a sub-level and cut-and-fill stoping mining method. ` Eldorado owns a 95% interest, with joint- venture partner Jilin Tonghua Institute of Geology and Minerals Exploration and Develop
Slide 14: Vila Nova iron ore mine
` Vila Nova is an iron ore open pit mine located in the Amapa State, Brazil ` Eldorado owns 100% of Vila Nova ` Production commenced in Q3 2010 ` Two shipments of ore totaling 90,000 tonnes have been sold to the Chinese spot market. Average price received was $93 per tonne. ` 2011 forecast productio
Slide 15: Efemçukuru
` Efemçukuru, located in Izmir Province, Turkey, is a high grade epithermal gold vein deposit, suited for underground mechanized mining ` Construction and underground development is ongoing, with commissioning and production planned for 2011. Underground development began in Q3 2010 ` 2011 estimated
Slide 16: Eastern Dragon
` Eastern Dragon, located in Heilongjiang Province, China, is a high-grade, epithermal, gold-silver vein deposit ` Eldorado has a 95% equity interest with a private joint venture partner holding 5% ` The Environmental Impact Assessment report was approved in August 2009 ` Resources and reserves were
Slide 17: Perama Hill
` Perama Hill is an epithermal non-refractory oxide gold deposit with a low strip ratio ` Pre-Environmental Impact Assessment has been submitted and approval anticipated in Q1 2011 Type Open pit ` Technical report NI 43-101 for the project P+P reserves 966,000 oz of gold @ 3.20 g/t was filed during
Slide 18: Tocantinzinho
` Tocantinzinho is a shallow, intrusion- hosted, non-refractory gold deposit located in the prolific Tapajos district in northern Brazil ` On July 20, 2010, we acquired 100% interest in the Tocantinzinho project ` Pre-Feasibility Study (PFS) is scheduled for completion during Q1 2011 Type Open pit `
Slide 19: TSX: ELD NYSE: EGO ASX: EAU
TSX: ELD NYSE: EGO ASX: EAU Shares Outstanding (as of December 31, 2010): 548.2 M Investor Relations: Nancy Woo (604) 601-6650 nancyw@eldoradogold.com www.eldoradogold.com 19
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