Overview
- Foran shareholders are to receive 0.1128 Eldorado common shares plus C$0.01 in cash for each Foran share.
- On the Toronto Stock Exchange, Eldorado fell about 9% and Foran about 8% following the announcement.
- McIlvenna Bay is permitted, under construction and targeting commercial production in summer to mid‑2026.
- The deal needs shareholder approval but no federal approvals, and the project was among the first referred to the federal Major Projects Office.
- Eldorado projects copper could contribute about 15% of its revenue by 2027 with McIlvenna Bay in the portfolio.