foranmining

🪙 Eldorado Gold to Acquire Foran Mining in C$3.8 Billion Deal

Eldorado Gold Corp. has agreed to purchase Canada’s Foran Mining Corp. in a C$3.8 billion (≈US $2.8 bn) all‑share transaction that would create a larger, diversified gold‑and‑copper mining firm with near‑term production growth.

Key Facts:

• Deal values Foran at approximately C$3.8 billion and involves an exchange of 0.1128 Eldorado shares + C$0.01 in cash per Foran share.

• Post‑deal ownership is expected to be ~76 % Eldorado / ~24 % Foran.

• Combined portfolio will include Eldorado’s Skouries (Greece) and Foran’s McIlvenna Bay (Saskatchewan) projects — both on track for mid‑2026 commercial production.

• The merged entity could produce 900,000 gold‑equivalent ounces and generate **$2.1 bn EBITDA / $1.5 bn free cash flow** in 2027.

Expert Insight:
Management frames the transaction as a strategic step to build a sector‑leading gold‑copper producer with diversified assets, stronger cash flow, and exploration upside, bolstering both near‑term production and long‑term growth potential.

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