About Eldorado Gold

Eldorado Gold Corporation (Eldorado Gold) operates as a global gold and base metals producer. The company owns and operates mines around the world, primarily gold mines, but also a silver-lead-zinc mine. Its activities involve all facets of the mining industry, including exploration, acquisition, financing, development, production, sale of mineral products, and reclamation. The company’s business is focused in Türkiye, Canada and Greece. Eldorado’s strategy is to focus on jurisdictions that offer the potential for long-term growth and access to high-quality assets. Fundamental to executing on this strategy is the strength of the company’s in-country teams and stakeholder relationships. The company is committed to the following strategic priorities: The company’s business is based on a portfolio of long-life, low-cost assets in prospective jurisdictions. The company invests in new technologies and continue training the company’s people in order to increase productivity, reduce risk and operate to guidance year-on-year. Exploration The company’s exploration programs are focused primarily in the countries in which the company operates: Canada, Greece and Türkiye . Sales of Mineral Products The company produces gold dore, as well as gold, silver, lead and zinc contained in concentrates. Material Properties Kisladag The Kisladag gold mine has been an operating open pit mine in commercial production since 2006 with surface facilities consisting of a crushing plant, heap leach pads and an adsorption, desorption, regeneration (ADR) plant, along with ancillary buildings. Kisladag is located in west-central Türkiye. The Kisladag Project land position consists of a single operating license, number 85995, with a total area of 17,192 ha. The license was issued on April 9, 2003 and renewed on May 10, 2012 and is set to expire on May 10, 2032. As of December 31, 2022, Tüprag was the majority owner of private land within the concession. Kisladag gold mine is a gold-only porphyry deposit located in the eroded Miocene Beydagi stratovolcano in western Türkiye. Kisladag is a large tonnage, low grade operation. Efemçukuru The Efemçukuru mine site is situated within the Aegean climatic zone. The mine is located in Izmir province in western Türkiye. The Efemçukuru Project land position consists of a single operating license, number 51792, with a total area of 2261.49 ha as of December 2018. The license was issued on April 20, 1999 and renewed on August 19, 2013 and is set to expire on August 19, 2033. The Efemçukuru operation is an underground mine with facilities consisting of an underground crushing plant, milling and flotation plant, filtration and paste backfill plant, and water treatment plant, along with ancillary buildings. The process plant produces a gold-containing bulk sulphide rich flotation concentrate. Major sulfide minerals comprise pyrite, sphalerite and galena. Olympias The Property is located within the Kassandra Mines complex located on the Halkidiki Peninsula of Northern Greece. The Property consists of mining concession numbers F13 and F14, which have a combined area of 47.27 km2. Hellas Gold has been granted mining rights over these concessions until 7 April 2024. The concessions are conditionally renewable for a further two consecutive periods of 25 years each. Hellas Gold has ownership of a small portion of private land within the concessions. The Olympias mine is a 100% underground (‘UG’) mining operation extracting ore from East, West, Flats, and Remnants zones. In 2023, mining will concentrate on the West, East and the beginning of the Flats zones with a small proportion from the Remnants area. The Olympias lead-zinc-gold-silver process plant, commissioned in late 2017, is capable of processing approximately 500 ktpa of ore. Skouries The Property is located within the Kassandra Mines complex, located on the Halkidiki Peninsula of northern Greece. The Skouries project (Skouries Project) is a gold-copper porphyry deposit to be mined using a combination of conventional open pit and underground mining techniques. The mineral processing facilities will produce a gold-copper concentrate. The Kassandra Project includes the Skouries, Olympias and Stratoni sites. The Skouries Project covers approximately 250 ha of the Kassandra Complex. Lamaque The Lamaque Project is situated near the city of Val-d’Or in the province of Quebec, Canada, approximately 550 km northwest of Montreal. The Lamaque Operations are located in the Val-d’Or district of the eastern Abitibi Greenstone Belt within the Superior Province of the Canadian Shield. Non-Material Properties Perama Hill Perama Hill is an epithermal gold-silver deposit located in the Thrace region of northern Greece. If developed, the project will operate as a small open pit mine that uses a conventional carbon in leach circuit for gold recovery. Project optimization and studies are ongoing to prepare permitting documentation. Sapes Project The Sapes project is located approximately 2km east of the village of Sapes in northeastern Greece and is 14km northeast from the Perama Hill project. Sapes village has a population of approximately 9,500. Sapes was acquired in 2014 through Eldorado Gold’s acquisition of Glory Resources Ltd. The company is assessing the project and will determine the project scope after further drilling. At that time, the company will determine permit methodology and assess whether the previous PEIA is applicable or not. Stratoni Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. As of December 13, 2021 Mavres Petres mine was placed under care and maintenance with the workforce being re-distributed to other operations of Hellas Gold. Significant amounts of drilling are planned to continue exploration of Mavres Petres and build the reserve base. Drilling continued into 2022 with up to 3 surface drill rigs located in strategic positions. Certej In October 2022, the company entered into an agreement to sell the Certej project. The Agreement expired March 24, 2023, however, the company continues discussions with the proposed purchaser with a view to completing the transaction on substantially the same terms as the October 2022 Agreement, subject to certain closing conditions, including required regulatory approvals. Bolcana The Bolcana exploration licence expired in 2021, and as such the applicable mineral resources have been removed from the company’s mineral resources statement Regulation Eldorado Gold is governed by the Canada Business Corporations Act (CBCA). History The company was incorporated in 1996. It was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996.