Eldorado Acquires Foran
Eldorado to Buy Foran Mining for $2.8B, Expanding Copper Footprint
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Mining.comAccording to a report by Mining.com, Eldorado Gold has agreed to buy Foran Mining in a transaction valued at approximately $2.8 billion. The acquisition expands Eldorado's copper footprint and adds a near-term growth project, McIlvenna Bay in Saskatchewan, ahead of planned commercial output this year. The deal brings together Eldorado's Skouries gold-copper project in Greece and Foran's McIlvenna Bay copper project, both targeted for commercial production in mid-2026. The combined company is expected to produce about 900,000 gold-equivalent ounces in 2027, with roughly 77% exposure to gold and 15% to copper. The merger is expected to generate significant core profit and free cash flow, with plans to increase exploration spending across the portfolio.