Eldorado Gold acquires Foran Mining in all-share deal

Eldorado Gold's acquisition of Foran Mining, an all-share deal announced on February 20, 2026, centers on Foran's McIlvenna Bay copper mine in Saskatchewan, which was selected by the MPO (unspecified). While the deal value remains undisclosed, the acquisition provides Eldorado Gold with a potentially significant copper asset in a stable mining jurisdiction. The deal structure, an all-share transaction, suggests a strategic alignment between the two companies and potentially reflects Eldorado Gold's confidence in the long-term value of the McIlvenna Bay project. This acquisition underscores the ongoing consolidation within the mining sector, particularly for strategic assets like copper. The involvement of Eldorado Gold, a established player, signals a commitment to developing the McIlvenna Bay mine. The selection of the mine by the MPO further suggests potential government support or strategic importance associated with the project. The deal's success will hinge on Eldorado Gold's ability to efficiently develop and operate the McIlvenna Bay mine, capitalizing on the growing demand for copper.