Eldorado Gold to Acquire Foran Mining, Creating Gold‑Copper Producer With Major Growth Pipeline
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Eldorado Gold ( (TSE:ELD) ) has shared an announcement.
Eldorado Gold has agreed to acquire Foran Mining in an all-share transaction that will create a larger gold‑copper miner with a diversified portfolio anchored by the Skouries and McIlvenna Bay projects, both expected to reach commercial production by mid‑2026. The combined company is targeting around 900,000 gold-equivalent ounces of production in 2027 and projects EBITDA of about $2.1 billion and free cash flow of roughly $1.5 billion that year, positioning it for self-funded growth, balance sheet strengthening, and continued capital returns, while enhancing jurisdictional diversification, exploration upside, and potential for a valuation re-rating as a sustainability-focused, sector-leading producer.
The most recent analyst rating on (TSE:ELD) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.
Spark’s Take on TSE:ELD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELD is a Outperform.
The score is driven primarily by strong profitability and a solid balance sheet, tempered by negative free cash flow. Technicals support an uptrend, but overbought indicators raise pullback risk. The latest earnings call was mixed: strong production, free cash flow (excluding Skouries) and buybacks, but higher cost guidance and ongoing Olympias challenges pressure outlook.
To see Spark’s full report on TSE:ELD stock, click here.
More about Eldorado Gold
Eldorado Gold Corporation is a Canada-based precious metals producer focused on gold and copper mining, with operations and development projects primarily in Canada, Greece, and Türkiye. By combining its fully financed Skouries gold-copper project in Greece with Foran Mining’s McIlvenna Bay polymetallic project in Saskatchewan, the company is sharpening its focus on long-life, low-cost assets in tier-one jurisdictions and strengthening its exposure to rising demand for critical minerals.
YTD Price Performance: 18.43%
Average Trading Volume: 464,055
Technical Sentiment Signal: Buy
Current Market Cap: C$11.71B
See more insights into ELD stock on TipRanks’ Stock Analysis page.
