Eldorado Gold Corporation Annual Information Form in Respect of The
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Eldorado Gold Corporation Annual Information Form in respect of the Year-Ended December 31, 2020 Dated: March 30, 2021 ELD (TSX) EGO (NYSE) About this Annual Information Form Throughout this annual information form (AIF), references to “we”, “us”, “our”, “Eldorado” and the “Company” mean Eldorado Gold Corporation and its subsidiaries. References to “Eldorado Gold” mean Eldorado Gold Corporation only. References to “this year” means 2020. For all other defined technical and other terms, please refer to our Glossary section on page 200. All dollar amounts are in United States dollars unless stated otherwise. Except as otherwise noted, the information in this AIF is as of December 31, 2020. We prepare the financial statements referred to in this AIF in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board, and file the AIF with appropriate regulatory authorities in Canada and the United States. Information on our website is not part of this AIF, or incorporated by reference. Filings on SEDAR are also not part of this AIF or incorporated by reference, except as specifically stated. You can find more information about Eldorado Gold, including information about executive and director compensation and indebtedness, principal holders of our securities, and securities authorized for issuance under equity compensation plans (such as our incentive stock option plan and performance share unit plan, among others), in our most recent management proxy circular filed on SEDAR (www.sedar.com) under the name Eldorado Gold Corporation. For additional financial information, you should also read our audited consolidated financial statements (2020 FS) and management’s discussion and analysis (MD&A) for the year ended December 31, 2020. You can find these documents and additional information about the Company filed under our name on SEDAR (www.sedar.com) and EDGAR (www.sec.gov), or you can ask us for a copy by writing to: Eldorado Gold Corporation Corporate Secretary 11th Floor, 550 Burrard Street Vancouver, BC V6C 2B5 Table of Contents Forward-looking information and risks............................................................................................................ 1 Reporting mineral reserves and resources..................................................................................................... 3 About Eldorado Gold.......................................................................................................................................... 4 Properties as of March 30, 2020.................................................................................................................... 4 Eldorado Gold Corporation............................................................................................................................ 4 Other offices................................................................................................................................................... 5 Subsidiaries.................................................................................................................................................... 5 Key events in our recent history....................................................................................................................... 6 2018............................................................................................................................................................... 7 2019............................................................................................................................................................... 7 2020............................................................................................................................................................... 8 2021............................................................................................................................................................... 11 Corporate....................................................................................................................................................... 12 About our business............................................................................................................................................ 14 Industry factors that affect our results............................................................................................................ 15 Hedging.......................................................................................................................................................... 15 An overview of our business.......................................................................................................................... 15 Production and costs...................................................................................................................................... 17 Our Workforce................................................................................................................................................ 21 Operating Responsibly................................................................................................................................... 22 Ethical Business............................................................................................................................................. 26 Health and Safety........................................................................................................................................... 27 Environmental................................................................................................................................................ 29 Human Rights................................................................................................................................................. 32 Sustainability Reporting................................................................................................................................. 33 Material Properties............................................................................................................................................. 36 Kişladağ.......................................................................................................................................................... 36 Efemçukuru.................................................................................................................................................... 48 Olympias........................................................................................................................................................ 57 Skouries......................................................................................................................................................... 70 Lamaque........................................................................................................................................................ 84 3 Non-Material Properties..................................................................................................................................... 95 Stratoni........................................................................................................................................................... 95 Tocantinzinho................................................................................................................................................. 99 Certej.............................................................................................................................................................. 105 Bolcana.......................................................................................................................................................... 109 Perama Hill..................................................................................................................................................... 111 Sapes Project................................................................................................................................................. 113 Vila Nova........................................................................................................................................................ 115 Mineral Reserves and Resources..................................................................................................................... 117 Risk factors in our business.............................................................................................................................. 131 Investor Information........................................................................................................................................... 173 Our Corporate Structure................................................................................................................................ 173 Eldorado Gold Capital Structure.................................................................................................................... 173 Governance......................................................................................................................................................... 180 Terms of Reference............................................................................................................................................ 192 Glossary.............................................................................................................................................................