Eldorado CEO George Burns speaks at a news conference in Athens, Greece, in 2017.Petros Giannakouris/The Associated Press
Eldorado Gold Corp. ELD-T says it has completed its acquisition of Foran Mining Corp. FOM-T
Eldorado Gold chief executive George Burns says the acquisition adds Foran’s McIlvenna Bay project in Saskatchewan, a high-quality, long-life asset in a premier mining jurisdiction.
He says McIlvenna Bay provides Eldorado with additional exposure to copper and offers exceptional exploration potential.
Shareholders of both companies voted last week to approve the deal.
With Foran now a wholly-owned subsidiary, Eldorado says it plans to de-list the Foran shares as soon as practicable.
Eldorado has mining, development and exploration operations in Canada, Greece and Turkey.