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Eldorado Gold to buy Foran Mining in $2.8 billion deal to deepen copper exposure
From Reuters
via MSN News, Redmond, Washington
Monday, February 2, 2026
Eldorado Gold will acquire Canada's Foran Mining in a deal valuing the copper-focused developer at about C$3.8 billion ($2.79 billion), adding a second near-term growth project and increasing its exposure to copper.
The deal, announced by the companies today, expands Eldorado's production at a time of strong gold prices and rising demand for copper, a key material used in electrification and clean energy.
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The combined company's asset base will have a roughly 77% exposure in gold and 15% toward copper, with operations and development projects in Canada, Greece, and Turkey.
Eldorado said it plans to step up exploration across the business, including at Foran's Tesla zone in Saskatchewan.
The enlarged miner expects to generate around $2.1 billion in core profit and $1.5 billion in free cash flow in 2027. ...
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