Eldorado Gold Completes Acquisition of Foran Mining
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Eldorado Gold has completed its acquisition of all of the outstanding shares of Foran Mining Corporation.
“Closing this transaction marks an important milestone for Eldorado. The acquisition of Foran enhances our portfolio with the addition of McIlvenna Bay a high-quality, long-life asset in a premier mining jurisdiction, further strengthening the balance and resilience of our existing asset base. McIlvenna Bay also provides Eldorado with additional exposure to copper, a recognized critical mineral, and offers exceptional exploration potential, enhancing the long‑term growth of our portfolio,” said George Burns, chief executive officer.
“We look forward to working alongside the Foran team to advance the McIlvenna Bay project responsibly and deliver sustainable, long-term value for our shareholders and stakeholders,” added Burns.
Eldorado Gold is a gold and base metals producer with mining, development and exploration operations in Canada, Greece, and Türkiye. The company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.
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