Slide 1: Growing the Leading Global Gold Producer
Growing the Leading Global Gold Producer • Eldorado Gold is a Canadian gold producer with seven operating mines, one mine under construction, five development projects and an extensive exploration Kişladağ, Turkey Efemçukuru, Turkey program • We presently operate in China, Turkey, Brazil, Greece and
Slide 2: Worldwide Operations
oO Worldwide Operations eldoradovold x \“ Certej, Romania Eastern Dragon, China ad Li ol r % White Mountain, China Us 2 % Jinfeng Mine, China - f, f ee . ; JE Vila Nova Iron Ore, Brazil ® Kisladag, Turkey : 4 Tocantinzinho, Brazil
Slide 3: Kişladağ mine
Kişladağ mine • Uşak Province • Open pit, largest gold mine in Turkey • Produced 284,648 ounces of gold in 2011 at a cash operating cost of $374/ounce 3
Slide 4: Kişladağ mine
Kişladağ mine 10.51 million ounces in proven and probable gold reserves out of 12.05 million ounces in measured and indicated resources 4
Slide 5: Kişladağ mine
Kişladağ mine • Commenced commercial production in 2006 • Forecast to produce 285,000 to 295,000 ounces of gold in 2012 at a cash operating cost of $385 to $395 per ounce 5
Slide 6: Kişladağ mine
Kişladağ mine • Increased throughput to 12.5 million tonnes of ore per year in 2011 • Announced plans for Phase IV expansion; production to increase to 575,000 ounces of gold by 2016 6
Slide 7: Kişladağ mine
Kişladağ mine Ongoing health, safety and emergency response training 7
Slide 8: Kişladağ mine
Kişladağ mine We planted over 72,000 native tree seedlings along the mine roads and in surrounding communities
Slide 9: Kişladağ mine
Kişladağ mine Dust control on mine roads
Slide 10: Efemçukuru mine
Efemçukuru mine • Izmir Province, Turkey • Underground mine • 1.47 million ounces of proven and probable gold reserves out of 1.67 million ounces of measured and indicated resources • Ore body is open down dip and along strike
Slide 11: Efemçukuru mine
Efemçukuru mine • Mine was commissioned in mid- 2011 and achieved commercial production in December 2011 • Flotation concentrate from the mine is processed at Kişladağ • Forecast to produce 125,000 – 135,000 ounces of gold in 2012 at a cash operating cost of $330 to $350 per ounce
Slide 12: Efemçukuru mine
Efemçukuru mine • The vineyard project in our health protection zone is entering its fifth year • Based on a study by a Turkish grape expert, the project introduced terraced vineyards and three additional grape varieties to the area 12
Slide 13: Efemçukuru mine
Efemçukuru mine • We planted 11,200 vines on our Efemçukuru property • Local farmers benefit from the introduction of new technologies and best practices, and will have a sustainable industry when the mine closes 13
Slide 14: Efemçukuru mine
Efemçukuru mine A community program that encourages more females to complete high school is in its fourth year. These graduates are now employed by the mine.
Slide 15: Jinfeng mine
Jinfeng mine • Guizhou Province, China • Open pit and underground mine • Second largest gold mine in China • Produced 177,757 ounces of gold in 2011 at a cash operating cost of $442/ounce 15
Slide 16: Jinfeng mine
Jinfeng mine • 2.08 million ounces of proven and probable gold reserves out of 2.85 million ounces of measured and indicated gold resources 16
Slide 17: Jinfeng mine
Jinfeng mine • Commenced commercial production in 2007 • Forecast to produce 120,000 to 125,000 ounces of gold in 2012 at a cash operation cost of $675 to $695/ounce (approx. $140/ounce are adjustments for stockpile inventory) 17
Slide 18: Jinfeng mine
Jinfeng mine Training of Jinfeng Emergency Response Team
Slide 19: Jinfeng mine
Jinfeng mine • A specialized underground rescue chamber has been installed in the underground mine • It is believed to be the first such facility in the Chinese mining industry 19
Slide 20: Jinfeng mine
Jinfeng mine Water sampling
Slide 21: Jinfeng mine
Jinfeng mine School children at the Golden Mountain Primary School – part of the mine’s ongoing commitment to education
Slide 22: Tanjianshan mine
Tanjianshan mine • Qinghai Province, China • Open pit mine • Produced 114,972 ounces of gold in 2011 at a cash operating cost of $377/ounce 22
Slide 23: Tanjianshan mine
Tanjianshan mine 562,000 ounces of proven and probable gold reserves out of 818,000 ounces of measured and indicated resources 23
Slide 24: Tanjianshan mine
Tanjianshan mine Continued exploration activities have increased our mineral resources and reserves
Slide 25: Tanjianshan mine
Tanjianshan mine • Commenced commercial production in February 2007 with a sulphide circuit and roaster • Forecast to produce 100,000 to 110,000 ounces of gold in 2012 at a cash operating cost of $445 to $460/ounce 25
Slide 26: Tanjianshan mine
Tanjianshan mine The mine provides financial support for the AnguanQunwa Tibet Village Primary School
Slide 27: Tanjianshan mine
Tanjianshan mine Emergency response training
Slide 28: White Mountain mine
White Mountain mine • Jilin Province, China • Underground mine using sub-level and cut-and-fill stoping mining methods • Produced 81,275 ounces of gold in 2011 at a cash operating cost of $474/ounce 28
Slide 29: White Mountain mine
White Mountain mine • Commenced commercial production in 2009 • 692,000 ounces of proven and probable gold reserves out of 866,000 ounces of measured and indicated gold resources • Forecast to produce 75,000 to 80,000 ounces of gold in 2012 at a cash operation cost of $535 to $550/ounce 29
Slide 30: White Mountain mine
White Mountain mine Underground safety meeting 30
Slide 31: White Mountain mine
White Mountain mine The fruit and vegetable project supplies organic vegetables to restaurants in the White Mountain area
Slide 32: White Mountain mine
White Mountain mine New farmers’ village
Slide 33: Eastern Dragon project
Eastern Dragon project • Heilongjiang Province, China • Underground mine • 764,000 ounces of proven and probable gold reserves out of 852,000 ounces of measured and indicated GOLD resources • 7.0 million ounces of proven and probable SILVER reserves out of 8.3 million ounces of measured and indicate
Slide 34: Eastern Dragon project
Eastern Dragon project • Gold production is expected to begin in Q3 2012 with 25,000 to 30,000 ounces of gold at a cash operating cost of $65 to $80 per ounce (net of silver by-product credits) • Eldorado’s lowest cost mine
Slide 35: Vila Nova Iron Ore mine
Vila Nova Iron Ore mine • Amapá State, Brazil • 8,941,000 tonnes proven and probable (60.9%) iron ore reserves out of 9,633,000 tonnes measured and indicated (61.5%) iron ore reserves • Produced 537,958 tonnes iron ore at a cash operating cost of $64/tonne
Slide 36: Vila Nova Iron Ore mine
Vila Nova Iron Ore mine • Commenced trial production in Q3 2010 • Initial shipments, which were sold to the Chinese spot market, left Santana Port in December 2010 • Forecast to produce 560,000 to 600,000 tonnes of iron ore in 2012 at a cash operation cost of $65 to $75/tonne
Slide 37: Vila Nova Iron Ore mine
Vila Nova Iron Ore mine Ongoing health and safety training for employees and contractors
Slide 38: Vila Nova Iron Ore mine
Vila Nova Iron Ore mine We grow native plant seedlings for reforestation and landscaping in various areas
Slide 39: Perama Hill project
Perama Hill project • Thrace Province, Greece • Open pit mine • 975,000 ounces of proven and probable gold reserves out of 1,38 million ounces of measured and indicated gold resources • Received approval for Pre-Environmental Impact Assessment (PEIA) in February; will submit full EIA in Q1 • Expect
Slide 40: Perama Hill project
Perama Hill project Perama villagers using the water well drilled by the company
Slide 41: Tocantinzinho (TZ) project
Tocantinzinho Tocantinzinho(TZ) (TZ)project project • Located in the prolific Tapajos district in northern Brazil • Shallow, intrusion-hosted, non-refractory gold deposit • 1.97 million ounces of proven and probable gold reserves out of 2.39 million ounces of measured and indicated gold resources 41
Slide 42: Tocantinzinho (TZ) project
Tocantinzinho Tocantinzinho(TZ) (TZ)project project • Feasibility Study (FS) to be completed in Q2/12 • Expect to receive approval of the EIA in Q3/12 • Receipt of EIA and completion of the FS to result in construction decision during the year • Average annual gold production: 159,000 ounces 42
Slide 43: Tocantinzinho (TZ) project
Tocantinzinho (TZ) project Aggressive exploration program is underway in and around TZ - designed to add to the current resource base and improve the financial performance of the project
Slide 44: Stratoni mine
Stratoni mine • Underground polymetallic mine on the Chalkidiki Peninsula, Northern Greece • 100 km by road from Thessaloniki, the second largest city in Greece
Slide 45: Stratoni mine
Stratoni mine • Reserves: 1.8 Mt @ 8.5% Zn, 6.3% Pb, 177 g/t Ag – = 0.15 Mt Zn, 0.11 Mt Pb, 10 M ounces Ag • Resources: 1.8 Mt @ 10.8% Zn, 7.8% Pb, 217 g/t Ag = 0.20 Mt Zn, 0.14 Mt Pb, 12.7 M ounces Ag • Reserves support production through 2015; drilling ongoing to extend mine life
Slide 46: Stratoni mine
Stratoni mine Port and loading facility
Slide 47: Skouries project
Skouries project • 35 km by road from the Stratoni port in northern Greece • Gold-copper porphyry deposit forms a near-vertical pipe (low visual impact) • Production of copper-gold concentrate via flotation, plus doré from the gravity circuit
Slide 48: Skouries project
Skouries project • Environmental Impact Study (EIS) approved by Ministry of Environment, Energy and Climate Change • Technical components of Definitive Feasibility Study complete • Reserves: 138 Mt @0.8 g/t Au, 0.5% Cu = 3.6 M oz Au, 0.7 Mt Cu
Slide 49: Olympias project
Olympias project • Polymetallic massive sulphide deposit located 8 km north of the operating Stratoni mine • Completed the sale of gold concentrates from an existing stockpile on the property; 270,000oz still on surface in tailings • EIS approved by Ministry of Environment, Energy and Climate Change
Slide 50: Olympias project
Olympias project • Existing mill, shaft and infrastructure refurbishment plan commenced • Underground production - 400ktpa • Ramp up to 850ktpa + new gold plant (opportunity to accelerate) • Reserves: 16.0 Mt @ 7.9 g/t Au, 114 g/t Ag, 3.7% Pb, 5.0% Zn - = 4.1 M ounces Au, 59 M ounces Ag, 0.6 Mt Pb,
Slide 51: Certej project
Certej project • Epithermal gold/silver deposit located in Transylvania, Western Romania • Brownfield site with infrastructure and mining permit in place • Definitive Feasibility Study completed • Updated mining permit – permitting process advanced
Slide 52: Certej project
Certej project • Reserves: 40.6 Mt @ 1.08/t Au, 11.86 g/t Ag = 2.3 M ounces Au, 15.5 M ounces Ag • Resources: 41.5 Mt @ 2.0 g/t Au, 12.23 g/t Ag = 2.3 M ounces Au, 16.3 M ounces Ag
Slide 53: Thank you
Thank you TSX: ELD NYSE: EGO ASX: EAU Issued and outstanding shares (as of February 24, 2012): 709.7 M Investor Relations: Nancy Woo (604) 601-6650 ⋅ nancyw@eldoradogold.com www.eldoradogold.com