Eldorado Gold to Acquire Foran Mining in Transaction Valued at 3.8 Billion Canadian Dollars
Eldorado Gold announced a C$3.8 billion deal to acquire Foran Mining. The move boosts copper exposure and adds a growth project amid high metal demand.
Insights:
Eldorado Gold Corporation said on Monday it would acquire Canada's Foran Mining Corporation in a transaction that values the copper-focused developer at about C$3.8 billion. This strategic acquisition in CA 
CAadds a second near-term growth project to the portfolio of Eldorado Gold Corporationand materially increases its exposure to copper. The deal expands the production profile of Eldorado Gold Corporationat a time of strong gold prices and rising demand for copper, which is a key material used in electrification and clean energy.
CAadds a second near-term growth project to the portfolio of Eldorado Gold Corporationand materially increases its exposure to copper. The deal expands the production profile of Eldorado Gold Corporationat a time of strong gold prices and rising demand for copper, which is a key material used in electrification and clean energy.
