Eldorado Gold Delivers Gold Production of 520,293 Ounces in 2024, Above the Midpoint of Tightened Guidance, With Solid Fourth Quarter Preliminary Gold Production of 155,669 Ounces; Provides Skouries Construction Progress and Conference Call Details

Gold Production Overview - The company reported a total gold production of 155,669 ounces in Q4 2024 and 520,293 ounces for the full year 2024, representing a 7% annual growth compared to 2023 [7] - The Lamaque Complex achieved record gold production in Q4 2024, with a 48% increase over Q3 2024, driven by higher ore grade and mill throughput [5] - Kisladag saw a 37% increase in gold production in Q4 2024 compared to Q3 2024, benefiting from two ADR facilities and increased inventory drawdown [8] - Efemcukuru maintained stable production, achieving its annual production guidance for the 10th consecutive year [2] - Olympias experienced lower production in Q4 2024 due to planned equipment downtime and maintenance challenges [6] Operational Highlights by Mine - Lamaque Complex: Produced 63,742 ounces in Q4 2024 and 196,538 ounces for the full year 2024, marking a significant increase from 2023 [1][5] - Kisladag: Produced 56,483 ounces in Q4 2024 and 174,080 ounces for the full year 2024, showing steady performance and optimization efforts [1][8] - Efemcukuru: Produced 19,451 ounces in Q4 2024 and 80,143 ounces for the full year 2024, maintaining consistent output [1][2] - Olympias: Produced 15,992 ounces in Q4 2024 and 69,532 ounces for the full year 2024, impacted by operational challenges [1][6] Skouries Project Update - The Skouries project was 82% complete as of December 31, 2024, with Phase 2 at 60% completion [3] - Capital spending for 2024 was approximately $320 million, below the earlier guidance of $350-$380 million, due to delays in ramping up site personnel [3] - A total of $506 million has been invested since the restart of construction in 2023 [3] - A full project update, including revised capital cost estimates and project schedules, is expected in February 2025 [9] Future Plans and Guidance - The company plans to release 2025 guidance and an updated three-year outlook alongside the 2024 full-year results on February 20, 2025 [11] - The Lamaque Complex is expected to reach a milestone of one million ounces poured in Q1 2025 [5] - Kisladag anticipates lower production in Q1 2025 due to seasonal factors and a planned HPGR roll change, with improvements expected in subsequent quarters [8] Financial and Operational Results Call - The company will release its 2024 Year-End and Fourth Quarter Financial and Operational Results on February 20, 2025, followed by a conference call on February 21, 2025 [10]