Business
Eldorado and Foran Combine to Create a Leading Gold and Copper Producer
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 brin
About this update from Fom Technologies A/s
[{"type":"text","content":"Combination strengthens Eldorado's exceptional growth profile","length":70,"tagName":"p","attribs":{}},{"type":"text","content":"Pro-Forma Company to generate sector-leading free cash flow and profit margins","length":78,"tagName":"p","attribs":{}},{"type":"text","content":"Long-life assets with near-term organic expansion and scale","length":59,"tagName":"p","attribs":{}},{"type":"text","content":"Diversifies portfolio with addition of a project of Canadian national importance","length":80,"tagName":"p","attribs":{}},{"type":"text","content":"Dan Myerson to join Board of Directors ","length":38,"tagName":"p","attribs":{}},{"type":"text","content":"(All amounts expressed in U.S. dollars unless otherwise noted)","length":62,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, 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.","length":1058,"tagName":"p"},{"type":"image","alt":"Foran logo (CNW Group/Foran Mining Corporation)","displaySize":"","headline":null,"caption":"Foran logo (CNW Group/Foran Mining Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":60,"url":"https://media.zenfs.com/en/cnwgroup.com/b3194267368e99714175a295bf08c7f0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7zBU1RAayeNM2I5EKvWTdw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwNjtjZj13ZWJw/https://media.zenfs.com/e...