Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Investor Presentation (August 2009)
24 slides from Eldorado Gold's investor presentation, Aug 10, 2009
Slide 1: Presentation August 10, 2009
Presentation August 10, 2009 vine Tas see
Slide 2: Forward-Looking Statements
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. The
Slide 3: 2009 Objectives
2009 Objectives Production of approximately 330,000 ounces of gold at a cash operating cost of $300 per ounce Complete construction and commissioning of Vila Nova iron ore mine in Brazil Continue construction of Efemçukuru gold mine in Turkey Advancing permitting process and technical studie
Slide 4: Q2 2009 Highlights
Q2 2009 Highlights First 6 Q1 Q2 One of the lowest pure gold cost months 2009 2009 producers 2009 Cash balances have more than doubled PRODUCTION since year-end to $136 million Total Production (oz) 61,426 84,572 145,998 Commissioning of the sulphide ore COSTS processing facility at Tanjiansha
Slide 5: Increasing Production
A Increasing Production eldoradogold Au 0z 1,000,000 800,000 600,000 400,000 200,000 2007 2008 2009 2010 2011 2012 2013 Actual Actual Forecast Forecast Forecast Forecast Forecast
Slide 6: Expanding Margins
Expanding Margins 800 600 400 | 200 | 2005 2006 2007 2008 Q12009 Q2 2009 ) eldoradogold —®— Realized Gold Price
Slide 7: Growing Resources and Reserves
Growing Resources and Reserves 7
Slide 8: Lowest Quartile of Production Cost
Lowest Quartile of Production Cost Source: BMO Capital Markets, Bloomberg 8
Slide 9: Increasing Share Price
J Increasing Share Price a eldoradogold 4,500% [ees cs11.48 3,000% D5 OO% ff ESS London Fix ee ee i | — I — | = J 2002 2003 2004 2005 2006 2007 2008 2009 Aug 10, 2009
Slide 10: Operating, Developing and Exploring
Operating, Developing and Exploring 10
Slide 11: Kişladağ mine, Turkey
Kişladağ mine, Turkey Kişladağ is an open pit heap leach gold mine that began commercial production in July 2006 Conversion to owner operated mining successfully completed in Q3 2008 Ore production for 2009 is planned to be 10.1 million tons at 1.2 g/t with a strip ratio of 1.06:1 (compared to
Slide 12: Kişladağ mine, Turkey
Kişladağ mine, Turkey RESOURCES (in ounces Au) M&I 7,862,000 Inferred 2,552,000 RESERVES (in ounces Au) P&P 5,523,000 PRODUCTION (in ounces Au) 2008 190,334 Q2 2009 62,985 2009 First 6 months 109,177 2009 Forecast 230,000 to 240,000 CASH OPERATING COST (per ounce Au) 2008 $254 Q2 2009 $269 2009 Firs
Slide 13: Kişladağ exploration
? Kişladağ exploration Kişladağ Section Showing 2009 Planned Drill Holes 13
Slide 14: Kişladağ regional exploration - Sayacik
? Kişladağ regional exploration - Sayacik 2009 drill program is 5,000 meters Crew continue to test Sayacik volcanic center (S) immediately to the southwest of Kişladağ st deposit (K). Drilling is underway hi Sc K z In addition, we are testing M several IP geophysical anomalies. S ent s m edi e
Slide 15: Tanjianshan mine, China
Tanjianshan mine, China Tanjianshan is an open pit, float-roast-CIL operation that began commercial production in February 2007. It consists of 2 separate deposits: Qinlongtan (QLT) and Jinlonggou (JLG) Partners in Tanjianshan are Qinghai Number One Geological Brigade (5%) and the Dachaidan Gold
Slide 16: Tanjianshan mine, China
Tanjianshan mine, China RESOURCES (in ounces Au) M&I 1,012,000 Inferred 398,000 RESERVES (in ounces Au) P&P 817,000 PRODUCTION (in ounces Au) 2008 118,468 Q2 2009 21,587 2009 First 6 months 36,821 2009 Forecast 95,000 to 100,000 CASH OPERATING COST (per ounce Au) 2008 $261 Q2 2009 $390 2009 First 6
Slide 17: Efemçukuru project, Turkey
3Efemçukuru project, Turkey Efemçukuru is a high grade epithermal gold deposit, RESOURCES (in ounces Au) well suited for underground mechanized mining M&I 1,541,000 Feasibility study completed in 2007 based on a mine Inferred 675,000 throughput of 406,000 tonnes per year RESERVES (in ounces Au)
Slide 18: Efemçukuru North Ore Shoot – Longitudinal Section
3Efemçukuru project, Turkey Efemçukuru North Ore Shoot – Longitudinal Section Looking Southwest 18
Slide 19: Perama Hill project, Greece
3Perama Hill project, Greece Perama Hill is a shallow, low sulphidation, non- RESOURCES (in ounces Au) refractory oxide gold deposit with a low strip ratio in Indicated 1,363,000 northern Greece Inferred 552,000 Pre-Environmental Impact Assessment (PEIA) and OWNERSHIP 100% Technical Report to be
Slide 20: Perama Hill Project – Section 7450 Looking North
3Perama Hill project, Greece Perama Hill Project – Section 17450 Looking North 20
Slide 21: Vila Nova iron ore project, Brazil
3Vila Nova iron ore project, Brazil The Vila Nova iron ore project is an open pit mine RESOURCES (in tonnes and % Fe) located in the Amapa state, Brazil M&I 9,964,000 (61.6% Fe) The mine and plant were successfully Inferred 2,022,000 (61.2% Fe) commissioned during the first half of 2009 and RESE
Slide 22: Tocantinzinho exploration
? Tocantinzinho exploration TZ project property size is 430 km2 In the project, gold mineralization (non-refractory) occurs as stockwork veinlets within Proterozoic granite 20,000 m drill program for 2008/2009 designed to both upgrade inferred resources and increase total resources In Q2 200
Slide 23: Summary
Summary Strong balance sheet No hedge positions One of the lowest cost pure gold producers, with robust margins Long life, low cost assets Regionally focused with excellent development projects for internal growth Proven ability to explore, develop and operate 23
Slide 24: Thank you
Thank you Eldorado Gold Corporation TSX: ELD NYSE-A: EGO Investor Relations: Nancy Woo (604) 601-6650 nancyw@eldoradogold.com 24