AcquisitionsApr 14, 2026, 08:08 AM
Eldorado Gold Completes Acquisition of Foran Mining Corporation
AI Summary
Eldorado Gold Corporation announced the completion of its acquisition of all outstanding shares of Foran Mining Corporation via a plan of arrangement. This strategic move enhances Eldorado's portfolio by adding the high-quality, long-life McIlvenna Bay asset, which also provides increased exposure to copper. Eldorado intends to de-list Foran shares from the TSX and OTCQX and terminate its public reporting obligations.
Key Highlights
- Eldorado Gold completed the acquisition of all outstanding shares of Foran Mining Corporation.
- The acquisition adds the high-quality, long-life McIlvenna Bay asset to Eldorado's portfolio.
- McIlvenna Bay provides additional exposure to copper and offers exploration potential.
- Eldorado plans to de-list Foran shares from TSX and OTCQX and cease its reporting obligations.