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Eldorado Gold to Acquire Foran Mining for C$3.8 Billion

2/2/2026

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Summary

Story summary

Eldorado Gold Corp. will acquire Foran Mining Corp. in a C$3.8 billion deal announced February 2, 2026, with Eldorado holding 76% and Foran 24%.
The merger combines Eldorado's Skouries project in Greece with Foran's McIlvenna Bay project in Saskatchewan, production is expected to begin in mid-2026.
The companies project core profit of $2.1 billion and free cash flow of $1.5 billion by 2027, and shareholders will vote on April 14.

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Story summary

Eldorado Gold Corp. will acquire Foran Mining Corp. in a C$3.8 billion deal announced February 2, 2026, with Eldorado holding 76% and Foran 24%.
The merger combines Eldorado's Skouries project in Greece with Foran's McIlvenna Bay project in Saskatchewan, production is expected to begin in mid-2026.
The companies project core profit of $2.1 billion and free cash flow of $1.5 billion by 2027, and shareholders will vote on April 14.