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.

洞察:
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 CACAadds 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.
Souvenir chocolate coins are displayed at the Eldorado Gold mining company booth during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada on March 4, 2019. REUTERS/Chris Helgren
Souvenir chocolate coins are displayed at the Eldorado Gold mining company booth during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada on March 4, 2019. REUTERS/Chris Helgren
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