Eldorado Gold Corporation Mining Forum Americas 2026

It's a huge step forward for us. I won't go through the forward-looking statements, but when I jump into the Eldorado story at the moment, George Burns, who's here today, has done a great job of taking this company to where it is today over the last nine and a half years, and we're really coming up to this inflection point. When you look at Eldorado today, what is it? It has a peer-leading growth profile. We've got gold production coming online this next quarter. We've got copper coming online as well, and we'll walk through that in a second. We've got underlying long-life assets that underpin the value of this company, and we're focused on execution as we go forward. We've just finished two big builds. Now it's time to take a pause, take a breather, and focus on the execution and operational excellence.

With that, we're getting to the cash flow inflection point, and we'll have a good graph on that a little bit later on. But effectively, we're going from a big investment company into generating a lot of cash in the next year. So next year should be a lot of fun, and that'll allow us to look at increasing shareholder returns. We started a small dividend at the beginning of this year, and we have a chance to actually look at increasing that next year, and we'll come out with a new plan on our capital returns, including potentially buybacks as well. So we've put back almost $400 million to shareholders through a dividend and buybacks over the last four quarters, and we have a chance in the quarter one next year when our guidance comes out to actually reset that at a new level.

We've got future internal growth, although we are taking a pause probably for 2027 after these large builds, but that can be funded internally through the cash flow that we have going forward. Just a quick snapshot for those who aren't quite as familiar with Eldorado. We've got the three mining jurisdictions. We like the spread across these. Two assets in Canada, two in Greece, and two in Turkey at the moment. Very long mine lives. For most gold mining companies, 13 plus years is quite exceptional.