XML 100 R40.htm IDEA: XBRL DOCUMENT
v3.24.1

Segment information | 12 Months Ended
--- | ---
Dec. 31, 2023
Disclosure of operating segments [abstract] |
Segment information | 33. Segment information Identification of reportable segments The Company has identified its operating segments based on the internal reports that are reviewed and used by the chief executive officer and the executive management (the chief operating decision makers or "CODM") in assessing performance and in determining the allocation of resources. The CODM consider the business from both a geographic and product perspective and assess the performance of the operating segments based on measures of profit and loss as well as assets and liabilities. These measures include earnings (loss) from mine operations, expenditures on exploration, property, plant and equipment and non-current assets, as well as total debt. As at December 31, 2023, Eldorado had five reportable segments based on the geographical location of mining and exploration and development activities. Geographical segments Geographically, the operating segments are identified by country and by operating mine. The Turkiye reporting segment includes the Kişladağ and the Efemçukuru mines and exploration activities in Turkiye. The Canada reporting segment includes Lamaque and exploration activities in Canada. The Greece reporting segment includes the Olympias mine, the Skouries and Perama Hill projects and exploration activities in Greece. The Greece segment also includes the Stratoni mine and mill, which transitioned to care and maintenance during 2022. The Romania reporting segment includes the Certej project and exploration activities in Romania, and is classified as a disposal group held for sale at December 31, 2023. Other reporting segment includes operations of Eldorado’s corporate offices. Financial information about each of these operating segments is reported to the CODM on a monthly basis. The mines in each of the reporting segments share similar economic characteristics and have been aggregated accordingly. 33. Segment information (continued)
As at and for the year ended December 31, 2023 | Turkiye | Canada | Greece | Romania* |  | Other | Total
Earnings and loss information |  |  |  |  |  |  |
Revenue | $ | 475,349 |  | $ | 346,315 |  | $ | 186,837 |  | $ | — |  |  | $ | — |  | $ | 1,008,501 |
Production costs | 202,927 |  | 119,485 |  | 156,535 |  | — |  |  | — |  | 478,947 |
Depreciation and amortization | 121,640 |  | 78,861 |  | 60,586 |  | — |  |  | — |  | 261,087 |
Earnings (loss) from mine operations | $ | 150,782 |  | $ | 147,969 |  | $ | (30,284) |  | $ | — |  |  | $ | — |  | $ | 268,467 |
Other significant items of income and expense |  |  |  |  |  |  |
Write-down of assets | $ | 1,768 |  | $ | — |  | $ | 7,951 |  | $ | — |  |  | $ | — |  | $ | 9,719 |
Exploration and evaluation expenses | 8,625 |  | 11,076 |  | 705 |  | — |  |  | 2,016 |  | 22,422 |
Mine standby costs | — |  | 3,117 |  | 12,989 |  | — |  |  | — |  | 16,106 |
Income tax expense (recovery) | 42,471 |  | 34,181 |  | (15,387) |  | — |  |  | (3,690) |  | 57,575 |
Loss from discontinued operations, net of tax attributable to shareholders of the Company | — |  | — |  | — |  | (1,553) |  |  | — |  | (1,553) |
Capital expenditure information |  |  |  |  |  |  |
Additions to property, plant and equipment during the year (**) | $ | 120,113 |  | $ | 96,918 |  | $ | 180,881 |  | $ | — |  |  | $ | 13,251 |  | $ | 411,163 |
Capitalized interest | — |  | — |  | 17,087 |  | — |  |  | — |  | 17,087 |
Information about assets and liabilities |  |  |  |  |  |  |
Property, plant and equipment | $ | 831,756 |  | $ | 729,685 |  | $ | 2,179,782 |  | $ | — |  |  | $ | 14,336 |  | $ | 3,755,559 |
Goodwill | — |  | 92,591 |  | — |  | — |  |  | — |  | 92,591 |
| $ | 831,756 |  | $ | 822,276 |  | $ | 2,179,782 |  | $ | — |  |  | $ | 14,336 |  | $ | 3,848,150 |
Debt | $ | — |  | $ | — |  | $ | 143,368 |  | $ | — |  |  | $ | 492,691 |  | $ | 636,059 |
* Discontinued Operations (Note 6). ** Presented on an accrual basis; excludes asset retirement adjustments. Excludes capital expenditure from discontinued operations. 33. Segment information (continued)
As at and for the year ended December 31, 2022 | Turkiye | Canada | Greece | Romania* |  | Other | Total
Earnings and loss information |  |  |  |  |  |  |
Revenue | $ | 398,602 |  | $ | 312,962 |  | $ | 160,420 |  | $ | — |  |  | $ | — |  | $ | 871,984 |
Production costs | 193,214 |  | 116,723 |  | 149,649 |  | — |  |  | — |  | 459,586 |
Depreciation and amortization | 116,076 |  | 71,974 |  | 52,135 |  | — |  |  | — |  | 240,185 |
Earnings (loss) from mine operations | $ | 89,312 |  | $ | 124,265 |  | $ | (41,364) |  | $ | — |  |  | $ | — |  | $ | 172,213 |
Other significant items of income and expense |  |  |  |  |  |  |
Write-down (reversal) of assets | $ | 33,143 |  | $ | — |  | $ | (1,325) |  | $ | — |  |  | $ | 681 |  | $ | 32,499 |
Exploration and evaluation expenses | 4,180 |  | 12,363 |  | 749 |  | — |  |  | 2,343 |  | 19,635 |
Mine standby costs | — |  | — |  | 34,367 |  | — |  |  | — |  | 34,367 |
Income tax expense | 30,366 |  | 31,441 |  | 13,924 |  | — |  |  | (14,507) |  | 61,224 |
Loss from discontinued operations, net of tax attributable to shareholders of the Company | — |  | — |  | — |  | (304,648) |  |  | — |  | (304,648) |
Capital expenditure information |  |  |  |  |  |  |
Additions to property, plant and equipment during the year (**) | $ | 128,797 |  | $ | 80,839 |  | $ | 82,989 |  | $ | — |  |  | $ | 13,185 |  | $ | 305,810 |
Information about assets and liabilities |  |  |  |  |  |  |
Property, plant and equipment | $ | 823,125 |  | $ | 711,178 |  | $ | 2,046,759 |  | $ | — |  |  | $ | 15,200 |  | $ | 3,596,262 |
Goodwill | — |  | 92,591 |  | — |  | — |  |  | — |  | 92,591 |
| $ | 823,125 |  | $ | 803,769 |  | $ | 2,046,759 |  | $ | — |  |  | $ | 15,200 |  | $ | 3,688,853 |
Debt | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | 494,414 |  | $ | 494,414 |
* Discontinued Operations (Note 6). ** Presented on an accrual basis; excludes asset retirement adjustments. Excludes capital expenditure from discontinued operations. The Turkiye segment derives its revenues from sales of gold and silver. The Greece segment derives its revenue from sales of gold, zinc and lead-silver concentrates. The Canadian segment derives its revenue from sales of gold and silver. For the year ended December 31, 2023, revenue from one customer of the Company’s Turkiye segment represents approximately $301,692 (2022 – $243,257) of the Company’s total revenue. For the Company's Canadian segment, one customer accounted for revenue of $338,189 (2022 – $311,056) of the Company’s total revenue. Additionally, $82,558 of revenue (2022 – $90,650) from the Company's Turkiye and Greece segments was derived from a third customer.

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS08_g20-24_TI -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration