Eldorado Gold Corporation has agreed to acquire all outstanding shares of Foran Mining Corporation through a court-approved plan of arrangement. For each Foran share, holders will receive 0.1128 Eldorado common share plus $0.01 in cash.
The deal is structured so that, after completion, existing Eldorado shareholders are expected to own about 76% of the combined company and former Foran shareholders about 24%. All Foran options, RSUs, DSUs and non-voting shares will convert into voting shares and then into the same share-and-cash consideration.
The transaction requires multiple approvals, including two-thirds support from various Foran securityholder voting groups, Eldorado shareholder approval for issuing new shares, court orders under the BCBCA, and regulatory clearances from the TSX, NYSE and Competition Bureau. Both companies’ boards and special committees have unanimously approved the deal, and directors and senior officers of each have signed voting support agreements.
Subject to satisfying all conditions, Eldorado and Foran anticipate closing in Q2 2026. After closing, Foran shares will be delisted from the TSX and OTCQX, and Foran will cease to be a Canadian reporting issuer.
Eldorado Gold Corporation filed a report as a foreign private issuer announcing key logistics for an upcoming special meeting of its shareholders. The filing specifies that the special meeting will be held on April 07, 2026 in Vancouver.
The record date for notice of meeting, voting, and beneficial ownership determination is March 03, 2026, meaning shareholders of record on that date will be entitled to receive materials and vote. The filing also notes the company will pay for delivery of materials to objecting beneficial owners and that notice and access is not being used for either registered or beneficial holders.
Eldorado Gold Corporation submitted a Form 6-K as a foreign private issuer for February 2026. The company indicates it files annual reports under Form 40-F. This filing primarily furnishes an exhibit identified as Exhibit 99.1 – Code of Ethics and Business Conduct, signed on behalf of the company by its Corporate Secretary.
Eldorado Gold plans to acquire Foran Mining to create a larger gold‑copper producer. For each Foran share, holders will receive 0.1128 Eldorado share plus $0.01 in cash, implying an equity value of about C$3.8 billion. After closing, Eldorado and Foran investors are expected to own roughly 76% and 24% of the combined company.
The deal is structured as a court‑approved plan of arrangement under British Columbia law and is targeted to close in Q2 2026, subject to shareholder, court and regulatory approvals. The combined group will be headquartered in Vancouver and anchored by the Skouries project in Greece and McIlvenna Bay in Saskatchewan, both expected to start production in mid‑2026.
Eldorado Gold Corporation reports strong exploration results across Canada and Greece and plans a significant increase in 2026 exploration spending. The company has discovered new high-grade gold zones at the Lamaque Complex in Quebec, including Ormaque SE, Ormaque West, the Garnet Zone and Lamaque South extensions, with multiple intercepts above 10 g/t gold over meaningful widths. In Greece, drilling at Olympias defined a new NW Zone and high-grade extensions at West Flats, while work at the Stratoni Skarn confirmed a gold-copper skarn system.
Total exploration spending was approximately $51 million in 2025, and is expected to rise to $75–$85 million in 2026, funding 95,000–110,000 metres of resource conversion drilling and 190,000–200,000 metres of expansion and early-stage drilling. The programs target organic resource growth, potential mine life extensions and future mill feed around existing operations in Quebec, Greece and Turkiye.