Business
Eldorado and Foran Combine to Create a Leading Gold and Copper Producer
Eldorado and Foran Combine to Create a Leading Gold and Copper Producer Canada NewsWire ...
About this update from Eldorado Gold Corporation
[{"type":"text","content":"\n\n\nEldorado and Foran Combine to Create a Leading Gold and Copper Producer\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nCombination strengthens Eldorado's exceptional growth profile\nPro-Forma Company to generate sector-leading free cash flow and profit margins\nLong-life assets with near-term organic expansion and scale\nDiversifies portfolio with addition of a project of Canadian national importance\nDan Myerson to join Board of Directors \n(All amounts expressed in U.S. dollars unless otherwise noted)\nVANCOUVER, BC, Feb. 2, 2026 /CNW/ - Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) (\"Eldorado\") and Foran Mining Corporation (TSX: FOM, OTCQX: FMCXF) (\"Foran\") are pleased to announce that they have entered into an agreement whereby Eldorado will acquire Foran to create a sector-leading gold-copper mining company with significant near‑term growth, strong cash flow generation, long‑life assets, and a diversified portfolio. This positions Eldorado to benefit from robust metal prices and rising demand for critical minerals. By bringing together two high-quality, fully financed development assets – Skouries in Greece and McIlvenna Bay in Saskatchewan, Canada – which are both on budget and on schedule to achieve commercial production in mid-2026, the combined company will offer a clear and compelling re-rate opportunity. With a diversified asset base anchored in Canada and a peer-leading exploration pipeline, the combined company is designed to generate resilient, long-term cash flows capable of self-funding sustained growth.\n\n\n\n\n\n\n\nTransaction Overview\nEldorado and Foran have entered into a definitive agreement (the \"Arrangement Agreement\") pursuant to which Eldorado will acquire all of the issued and outstanding common shares of Foran (the \"Foran Common Shares\"), including those Foran Common Shares to be issued on conversion of the non‑voting shares of Foran (the \"Foran Non-Voting Shares\", and together with the Foran Common Shares, the \"Foran Shares\"), o...