Eldorado Gold Corporation · TSX:ELD
Eldorado Gold — Global Metals & Mining Conference 2011
20 slides from Eldorado Gold's conference presentation, Mar 2, 2011
Slide 1: Global Metals & Mining Conference
Global Metals & Mining Conference February 27 – March 2, 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, p development p j projects p and an extensive 2011 exploration p g program. We p y operate presently p in China,, Turkey, Brazil and Greece. www.eldoradogold.com 3
Slide 4: Gold Production and Q4 2010 highlights
In Q4, 2010: ◦ Produced 148,374 oz of gold at an average cash operating cost of $418/oz – a 15% increase in production over Q 4, 2009 ◦ Sold 149,022 oz of gold at an average price of $1,373/oz vs. 131,068 oz of gold at an average price of $1,103/oz in Q4, 2009 ◦ Generated $83.0 million of cash from
Slide 5: Focus on organic growth
Focus on organic growth: Increasing gold production by 15 - 20% to 715,000 – 770,000 oz at a cash operating cost of $375 - $395/oz Completing construction of 2 new mines Advancing development projects Maintaining production costs under $400 per ounce Increasing dividend Increasing expl
Slide 6: Total cash cost margins and realized gold price
1600 $1,373 $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 2010 Total Cash Cost Margins g Realized Gold Price www.eldoradogold.com 6
Slide 7: Projected gold production and cash operating cost
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 305 305,000 000 – 370 370,000 000 www.e
Slide 9: Production with expansion
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 f Efemcukuru Eastern Dragon Perama Hill TZ Expansion Production www.eldoradogold.com 9
Slide 10: Kişladağ, Turkey
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
Slide 11: Jinfeng, China
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 (760,00
Slide 12: Tanjianshan, China
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, China
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, Brazil
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 p of ore totaling g 90,000 , tonnes have been sold to the Chinese spot market. Average price received was $93 per tonne. Type Open pit
Slide 15: Efemçukuru, Turkey
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 d ti planned l d ffor 2011 2011. U Underground d d development began in Q3
Slide 16: Eastern Dragon, China
Eastern Dragon, located in Heilongjiang Province, China, is a high-grade, epithermal, ith l gold-silver ld il vein i deposit. d it Eldorado has a 95% equity interest with a private joint venture partner holding 5%. The Environmental Impact Assessment report was approved in August 2009. Resou
Slide 17: Perama Hill, Greece
Perama Hill is an epithermal non- refractory oxide gold deposit with a low strip ratio. Pre-Environmental Impact Assessment has been submitted; approval anticipated in 2011. Technical report NI 43-101 for the project Type Open pit was filed during Q1, 2010. P+P reserves 966,000 oz of gold @ 3.
Slide 18: Tocantinzinho, Brazil
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 Pre Feasibility Study (PFS) is scheduled for completion during Q1, 20
Slide 19: 2011 Exploration budget: $54 million
2011 Exploration budget: $54 million Allocation: 58% minesite and brownsite ($29 million) 42% greenfields ($25 million) www.eldoradogold.com 19
Slide 20: Investor Relations contact
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 20
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