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Eldorado Announces Mailing of Joint Management Information Circular; Provides Leadership Transition and Board Succession Update
VANCOUVER, British Columbia, March 11, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX...
About this update from Eldorado Gold Corporation
[{"type":"text","content":"Eldorado Announces Mailing of Joint Management Information Circular; Provides Leadership Transition and Board Succession Update\nVANCOUVER, British Columbia, March 11, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE American: EGO)  (“Eldorado” or the “Company”) today announced the mailing of a joint management information circular (the “Circular”) for the meetings of Eldorado shareholders and shareholders of Foran Mining Corporation (“Foran”) to be held in connection with Eldorado’s previously announced combination with Foran (the “Transaction”). In addition to being mailed to Eldorado and Foran securityholders, the Circular has been posted on the Company’s website at www.eldoradogold.com and filed on SEDAR+ at www.sedarplus.com under the Company’s profile. The Circular provides detailed information regarding the Transaction, including background on the combination, and matters to be voted on by securityholders of Eldorado and Foran in connection with the Transaction. The board of directors of Eldorado unanimously recommends that Eldorado shareholders vote in favour of the Eldorado Share Issuance Resolution (as defined in the Circular). Benefits of the Transaction for Eldorado: Peer-leading near-term growth. Following completion of the Transaction, Eldorado is expected to be positioned to deliver a leading growth profile, underpinned by two fully financed development projects, the Skouries Project and the McIlvenna Bay Project, which are advancing towards commercial production expected in Q4 2026 and mid-2026, respectively.Substantial EBITDA & free cash flow. Following completion of the Transaction, Eldorado is expected to generate approximately $2.1 billion of EBITDA1 and $1.5 billion in free cash flow2 in 2027, the robust long-term cash flow is expected to fund growth initiatives, strengthen the balance sheet of Eldorado and support continued shareholder returns through dividend and share buyback programs, while maintaining financial flexibility through commodity cycles.Long-life, diversified asset base. Following completion of the Transaction, Eldorado’s portfolio is expected to deliver balanced gold-copper exposure (~77% gold, ~4% silver, ~15% copper and ~4% other metals) across attractive mining juri...