Eldorado Gold to acquire Foran Mining in $2.78bn deal

Eldorado Gold has announced its intention to acquire Foran Mining through a merger agreement valued at approximately C3.8bn(3.8bn (2.78bn), forming a gold-copper mining company. This strategic move aims to leverage strong metal prices and growing demand for critical minerals. The combined entity, which will integrate development assets in Greece and Canada, is projected to commence commercial production by mid-2026, with plans to ensure long-term cash flow and sustained growth. The transaction will be exec ...