Vancouver, Canada – Eldorado Gold Corporation held its Q1 2024 Earnings Conference Call on April 26, 2024, featuring key executives and analysts.

During the call, Lynette Gould, Vice President of Investor Relations, welcomed participants to discuss the company’s first quarter 2024 results. The conference included George Burns, President and CEO; Paul Ferneyhough, EVP and CFO; Louw Smith, EVP of Development in Greece; and Simon Hille, EVP of Technical Services and Operations.

The first quarter saw the company achieving safe production of 117,111 ounces of gold, in line with guidance. Production is expected to increase in the second quarter and the stronger second half of the year. Total cash cost and all-in sustaining cost were reported at $922 per ounce sold and $1,262 per ounce sold, respectively. The company also discussed safety measures, sustainability initiatives, and government relations efforts.

At the Lamaque Complex in Quebec, celebrating its 5th operating anniversary, Eldorado Gold has produced approximately 850,000 ounces of gold over the past five years. The company acquired the complex in 2017 and has continued to exceed production expectations.

Moving forward, Eldorado Gold remains focused on its growth strategy, including the Skouries copper-gold project. Major construction and infrastructure progress are underway, with first production expected in Q3 2025. The company plans to extract two test stopes early in 2025 to further advance the project.

Eldorado Gold also provided updates on its other operations, including Kisladag, Efemcukuru, Olympias, and technical advancements at various sites. The company remains committed to operational efficiencies, cost management, and sustainable growth.

In conclusion, George Burns highlighted the company’s strategic focus on high-quality assets, production growth, and cost reduction. With a strong balance sheet, anticipated growth in copper production, and a commitment to operational excellence, Eldorado Gold is poised for continued success in the years to come.

Overall, the Q1 2024 Earnings Conference Call provided valuable insights into Eldorado Gold Corporation’s performance, outlook, and strategic initiatives for the future. As the company navigates market challenges and capitalizes on opportunities, stakeholders can look forward to continued progress and value creation.