Eldorado Gold to Acquire Foran Mining, Creating Diversified Gold and Copper Producer

Eldorado Gold and Foran Mining have agreed to combine in a share-based transaction, creating a larger, diversified gold and copper producer with two major development projects set to enter production in 2026. The combined group is targeting production of around 900,000 gold-equivalent ounces in 2027, with expected free cash flow of $1.1 billion in 2027. The transaction is expected to close in Q2 2026, subject to shareholder, court, and regulatory approvals.