Foran Acquired By Eldorado For C$3.8B

On April 14, 2026, Foran Mining Corporation (“Foran”) was acquired by Eldorado Gold Corporation (“Eldorado”), which completed the acquisition of all of the issued and outstanding common shares and non voting shares of Foran by way of a court approved plan of arrangement for total implied consideration of approximately C$3.8 billion. Under the terms of the transaction, Foran shareholders received 0.1128 Eldorado common shares and C$0.01 in cash for each Foran share held. Following completion, existing Eldorado and Foran shareholders own approximately 76% and 24% of the combined company, respectively.

The transaction combines two fully financed development‑stage assets located in Greece and Saskatchewan, namely Skouries and McIlvenna Bay, both of which remain on budget and on schedule for commercial production in mid‑2026. The combined business forms a Canadian gold‑copper producer with an estimated market value of approximately C$15 billion and a diversified portfolio of assets in