https://newsletter.mw.creamermedia.com
Copper|electrification|Energy|Gold|Mining|PROJECT
Copper|electrification|Energy|Gold|Mining|PROJECT
copper|electrification|energy|gold|mining|project

Eldorado Gold to buy Foran Mining in $2.8bn deal, to deepen copper exposure

2nd February 2026

By: Reuters

  

Font size: - +

Eldorado Gold said on Monday it would acquire Canada's Foran Mining in a deal valuing the copper-focused developer at about C$3.8-billion ($2.79-billion), adding a second near-term growth project and increasing its exposure to copper.

The deal expands Eldorado's production at a time of strong gold prices and rising demand for copper, a key material used in electrification and clean energy.

Foran shareholders will receive 0.1128 Eldorado shares plus C$0.01 per share, giving them roughly 24% of the merged company.

The deal is expected to close in the second quarter of 2026.

The transaction has unanimous board approvals on both sides and support agreements from senior executives, with shareholder votes scheduled by April 14, the company said.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AQS Liquid Transfer
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

FAM Minerals & Mining South Africa team
FAM Minerals & Mining launches in South Africa
30th January 2026 By: Darren Parker
Transnet, RBCT, Exxaro manganese make headlines
Transnet, RBCT, Exxaro manganese make headlines
30th January 2026
Magazine cover image
Magazine round up | 30 January 2026
30th January 2026
Exxaro CEO Ben Magara.
Exxaro’s manganese entry points advance
29th January 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.2 0.285s - 130pq - 2rq
Subscribe Now