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AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0% AII 19.25 +3.9% GGA 5.95 +12.3% VM 0.140 +3.7% GSR 0.365 +1.4% QCX 0.195 +0.0% EAU 0.085 +0.0% MCM 0.310 +0.0% BAT 0.100 +5.3% SFR 0.370 +68.2% FFU 0.125 +4.2% TVI 0.045 −10.0% ZNX 0.080 +0.0% TSK 1.06 +0.9% OMM 0.050 +0.0% EMO 0.320 −7.2% MDM 0.060 +0.0%
Production / Operations Routine +

Foran Achieves Major Milestone with Energization of McIlvenna Bay Transmission Line

Foran powers up for production as Eldorado Gold moves to swallow the Canadian copper champion

By The Northwire Desk — AI Analysis Mar 23, 2026 · 06:00 FOM · 5.05 FORAN MINING CORPORATION J
Executive Summary

The most recent news (March 23, 2026) announces the successful energization of the 85 km, 110 kV transmission line for the McIlvenna Bay Project. This was completed ahead of schedule and on budget in partnership with SaskPower. This follows the March 11, 2026, announcement regarding the mailing of the joint management information circular for the proposed acquisition of Foran by Eldorado Gold Corporation. The project is currently in the commissioning phase, with construction 88% complete as of February 2026, and remains on track for commercial production in mid-2026.

Material Impact

The energization of the transmission line is a Routine - Positive milestone. While critical for the transition from construction to commissioning and production, it was a well-telegraphed event (previously scheduled for March 2026). The material "Game Changer" for shareholders is the pending C$3.8 billion acquisition by Eldorado Gold (announced Feb 2, 2026), which provides a clear exit or "re-rate" path. The fact that infrastructure is being delivered ahead of schedule and on budget reduces the execution risk for the acquirer and validates Foran’s management team.

FOM · Price
Company Overview

Foran is developing the McIlvenna Bay Project in Saskatchewan, positioned as the center of a new VHMS mining camp. - Flagship: McIlvenna Bay (Copper-Zinc-Gold-Silver). - Resource: 38.6 Mt Indicated at 2.02% CuEq. - Status: 88% constructed; commissioning underway. - Expansion: The Tesla Zone (300m away) shows significant high-grade potential and is expected to support a Phase 2 expansion.

Read the original news release →

More from FORAN MINING CORPORATION J

Apr 14, 2026 · 08:06

Eldorado Gold Finalizes Foran Acquisition, Securing Copper Exposure Amidst Construction Milestones

M&A / Property Apr 07, 2026 · 14:39

Eldorado Gold’s shareholder vote clears a key hurdle, positioning the combined entity for mid‑2026 production at McIlvenna Bay

M&A / Property Apr 07, 2026 · 14:08

Eldorado Gold’s shareholder vote clears a key hurdle, positioning Foran for a mid‑2026 production start and a $2 bn EBITDA outlook

M&A / Property Apr 01, 2026 · 07:00

Eldorado-Foran tie-up edges toward close as major investors back the deal and project catalysts advance

M&A / Property Mar 30, 2026 · 06:00

Fairfax and ISS Endorse Eldorado Buyout as McIlvenna Bay Hits 91% Completion

M&A / Property Mar 26, 2026 · 06:00

Foran’s McIlvenna Bay nears production milestones as regional exploration expands district-scale copper-zinc potential, with Eldorado deal progression adding optionality

Production / Operations