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0.000254452926208601 0.00127226463104318 0.00216284987277356 0.00763358778625947 0.00229007633587777 0.0108142493638676 0.0114503816793892 0.0114503816793892
Stock impact report

Eldorado Gold to acquire Foran Mining in $2.78bn deal [Yahoo! Finance]

Eldorado Gold Corporation Ordinary Shares (EGO) 
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
Company Research Source: Yahoo! Finance
This strategic move aims to leverage strong metal prices and growing demand for critical minerals. The combined entity, which will integrate development assets in Greece and Canada, is projected to commence commercial production by mid-2026, with plans to ensure long-term cash flow and sustained growth. The transaction will be executed through a court-sanctioned plan of arrangement under the Business Corporations Act (British Columbia) and is expected to conclude in the second quarter of 2026. Post-merger, Eldorado will hold a 76% ownership stake in the combined entity, while Foran shareholders will retain the remaining 24%. The strategic move promises significant growth and profitability, with a production target of around 900,000 gold equivalent ounces in 2027. Expected earnings before interest, taxes, depreciation and amortisation (EBITDA) are projected at $2.1bn, with free cash flow reaching $1.5bn in the same year. These funds are intended to support growth initiativ Show less Read more
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