Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property

Foran Mining holders approve merger with Eldorado Gold

Eldorado clears final shareholder hurdle, paving way for Foran merger completion

By The Northwire Desk — AI Analysis Apr 07, 2026 · 21:49 ELD · 48.86 Eldorado Gold Corporation
Executive Summary
  • On April 7 2026, securityholders of Foran Mining Corp. voted 83.4% in favour of the proposed business combination with Eldorado Gold Corp.
  • The vote satisfied all required thresholds (≥2/3 of common and non‑voting shareholders together, ≥2/3 of all securityholders as a single class, simple majorities for each class).
  • Closing is expected on or about April 14 2026, subject to the Supreme Court of British Columbia order, Eldorado shareholder approval, and customary closing conditions.
Material Impact
  • The approval removes the last major shareholder‑approval obstacle; the transaction was already anticipated after earlier votes (Eldorado’s 84.21% approval on April 7 and Foran’s own vote on April 7).
  • Because the market had been informed of an imminent merger and the voting outcomes were broadly expected, the news is routine rather than a surprise catalyst.
  • The impact is still positive: it confirms that the combination will proceed as scheduled, preserving the projected 2027 EBITDA (~$2.1 bn) and free‑cash‑flow (~$1.5 bn) benefits outlined in earlier circulars. No new valuation uplift or downside risk appears.
ELD · Price
Company Overview
  • Eldorado Gold Corp. is a mid‑tier gold and copper producer with operations in Canada (Lamaque Complex), Greece (Skouries, Olympias, Perama Hill) and Turkey (Kisladag, Efemcukuru).
  • Flagship projects:
  • Skouries (Greece): Fully financed copper‑gold development; first concentrate production targeted for Q1 2026, commercial output mid‑2026.
  • McIlvenna Bay (Saskatchewan, Canada): High‑grade gold‑copper project owned by Foran Mining; will become part of the combined entity after merger.
Read the original news release →

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