Northwire Canada EditionTuesday, July 14, 2026
Northwire
WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
M&A / Property Routine +

Eldorado Gold Reports Voting Results from Special Meeting of Shareholders

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Executive Summary
  • On April 7 2026 Eldorado Gold announced that shareholders approved the issuance of common shares needed to complete the arrangement with Foran Mining Corp.
  • Approval: 84.21% of votes cast in favour; 149,602,115 shares voted (≈75.3 % of all outstanding).
  • The vote clears a key condition; court hearing scheduled for April 9 2026 with expected closing on or about April 14 2026.
  • Management highlighted strategic fit and long‑term value creation from adding the McIlvenna Bay gold‑copper asset.
Material Impact
  • The vote outcome was in line with prior expectations: ISS had already recommended a FOR vote, the board unanimously supported the deal, and the transaction terms were disclosed in February 2026.
  • Approval removes a major uncertainty but does not alter the fundamental economics of the combination; the implied equity value (~C$3.8 bn) and projected 2027 EBITDA (~$2.1 bn) remain as previously guided.
  • Consequently, the news is routine‑positive – it confirms progress toward a previously announced transaction but does not constitute a material surprise or game‑changer.
ELD · Price
Company Overview
  • Eldorado Gold Corp. is a mid‑tier gold and base‑metals producer with operating assets in Canada (Lamaque Complex, Kisladag), Greece (Olympias, Skouries) and Turkey.
  • Flagship development projects:
  • Skouries (Greece) – copper‑gold concentrate plant; first concentrate expected Q1 2026, commercial production Q4 2026. Fully funded via a €680 m term facility (drawn).
  • McIlvenna Bay (Saskatchewan, Canada) – gold‑copper deposit to be acquired via the Foran Mining arrangement; expected commercial production mid‑2026 post‑close.
  • The company also advances Perama Hill (Greece) as a high‑grade gold‑silver project with EIA submitted Dec 2025, targeting construction start ~2027.
Read the original news release →

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