Gold-Copper Consolidation Continues as Eldorado Moves to Acquire Foran

2026-02-03 09:30:46 ET

Eldorado Gold Corporation (NYSE:EGO,TSX:ELD) and Foran Mining (TSX:FOM,OTCQX:FMCXF) have agreed to combine in a share-based transaction that would create a larger, diversified gold and copper producer with two major development projects set to enter production in 2026

Under the deal, Eldorado Gold will acquire Foran Mining through a court-approved plan of arrangement. Following completion, Eldorado shareholders will own roughly 76 percent of the combined company, with Foran shareholders holding the remaining 24 percent.

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