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ELDORADO GOLD CORP /FI (EGO)

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Recent press releases and 8-K filings for EGO.

Eldorado Gold to Acquire Foran Mining
EGO
M&A
New Projects/Investments
Board Change
  • Eldorado Gold Corporation has entered into a definitive agreement to acquire Foran Mining Corporation, aiming to create a sector-leading gold-copper mining company.
  • Foran shareholders will receive 0.1128 common shares of Eldorado and $0.01 in cash for each Foran Share, implying an equity value for Foran of approximately C$3.8 billion.
  • The combined company is projected to produce approximately 900k gold equivalent ounces, generate $2.1 billion of EBITDA, and $1.5 billion in free cash flow in 2027.
  • The transaction, which includes Dan Myerson joining Eldorado's Board of Directors, has been unanimously approved by both companies' boards and is expected to close in Q2 2026.
5 days ago
Eldorado Gold and Foran Mining Announce Combination
EGO
M&A
New Projects/Investments
Guidance Update
  • Eldorado Gold and Foran Mining announced a combination where Eldorado will acquire all outstanding Foran shares, implying an equity value of approximately CAD 3.8 billion.
  • Foran shareholders will receive 0.1128 Eldorado shares per Foran share, resulting in post-transaction ownership of approximately 76% by Eldorado shareholders and 24% by Foran shareholders.
  • The transaction is expected to close in Q2 2026, following shareholder meetings anticipated around April 14, 2026.
  • The combined company will be a diversified gold and copper producer, with two major projects, Skouries and McIlvenna Bay, scheduled to enter production in 2026. McIlvenna Bay was approximately 85% complete at year-end 2025 and is on schedule.
  • The combination is projected to increase production by 80% to over 900,000 gold equivalent ounces in 2027 and generate over $2 billion of EBITDA in 2027.
5 days ago
Eldorado Gold to Acquire Foran Mining
EGO
M&A
New Projects/Investments
Takeover Bid
  • Eldorado Gold announced it will acquire Foran Mining via a plan of arrangement, with Foran shareholders receiving 0.1128 Eldorado shares per Foran share, implying an equity value of approximately CAD 3.8 billion. Post-transaction, Eldorado shareholders will own approximately 76% and Foran shareholders 24%.
  • The transaction is expected to close in Q2 2026, following shareholder meetings anticipated around April 14, 2026.
  • The combination aims to create a stronger gold and copper producer with diversified, long-life assets across Canada, Greece, and Türkiye, enhancing exposure to copper and increasing presence in Canada.
  • Two key projects, Skouries and McIlvenna Bay, are fully financed and expected to enter production in 2026.
  • The combined company is projected to increase production by 80% to over 900,000 gold equivalent ounces in 2027 and generate over $2 billion of EBITDA in 2027.
5 days ago
Eldorado Gold Announces Acquisition of Foran Mining
EGO
M&A
New Projects/Investments
Guidance Update
  • Eldorado Gold announced the acquisition of Foran Mining, with Foran shareholders receiving 0.1128 Eldorado shares per Foran share, implying an equity value of approximately CAD 3.8 billion. The transaction is targeted to close in Q2 2026, resulting in Eldorado shareholders owning approximately 76% and Foran shareholders 24% of the combined entity.
  • The combination creates a diversified gold and copper producer with long-life assets across Canada, Greece, and Türkiye, enhancing Eldorado's presence in Canada and increasing copper exposure.
  • The combined company is expected to increase production by 80% to over 900,000 gold equivalent ounces in 2027 and generate over $2 billion of EBITDA in 2027.
  • Key projects, Skouries and McIlvenna Bay, are both fully financed and on track to enter production in 2026. McIlvenna Bay was approximately 85% complete at year-end 2025.
5 days ago
Eldorado Gold to Acquire Foran Mining
EGO
M&A
New Projects/Investments
Board Change
  • Eldorado Gold Corporation has entered into an agreement to acquire Foran Mining Corporation, aiming to create a sector-leading gold-copper mining company.
  • Foran shareholders will receive 0.1128 common shares of Eldorado and $0.01 in cash for each Foran Share, implying an equity value for Foran of approximately C$3.8 billion.
  • The combined company is expected to produce approximately 900k gold equivalent ounces in 2027, and generate around $2.1 billion of EBITDA and $1.5 billion in free cash flow in 2027.
  • Upon completion, existing Eldorado and Foran shareholders will own approximately 76% and 24% of the combined company, respectively, with the transaction expected to close in Q2 2026.
  • Dan Myerson is set to join the Board of Directors of the combined company.
5 days ago
Eldorado Gold Announces Strong Exploration Results and Increased 2026 Exploration Investment
EGO
New Projects/Investments
Guidance Update
  • Eldorado Gold Corporation announced strong exploration results from new high-grade zones at its Lamaque Complex in Canada and new gold, silver, and gold-copper zones in Greece at Olympias and Stratoni Skarn.
  • The company is increasing its 2026 exploration budget to between $75 million and $85 million, reflecting confidence in its discovery strategy and compelling drill results.
  • This follows an increase in total exploration spending to approximately $51 million in 2025, which exceeded the 2025 guidance of $29 million – $32 million.
  • Due to recent exploration success, Eldorado has commenced studies to expand throughput at the Lamaque Complex's Sigma mill from approximately 2,500 tonnes per day towards its fully permitted capacity of 5,000 tpd.
Jan 27, 2026, 12:41 AM
Eldorado Gold Announces New High-Grade Discoveries and Increased 2026 Exploration Investment
EGO
New Projects/Investments
Guidance Update
  • Eldorado Gold Corporation announced multiple new high-grade discoveries in Quebec and Greece, including four new zones at the Lamaque Complex and a new high-grade gold and silver zone at Olympias, as well as a gold-copper skarn system along the Stratoni Fault.
  • Following exploration success, the company has begun studies to expand throughput at the Sigma mill in Quebec from approximately 2,500 tonnes per day towards its fully permitted capacity of 5,000 tpd.
  • Eldorado's 2026 exploration budget is increasing to between $75 million and $85 million, up from approximately $51 million in 2025, to support extensive drilling for resource conversion and expansion.
Jan 26, 2026, 10:00 PM
Eldorado Gold Announces Dividend Program and Share Repurchase Details
EGO
Dividends
Share Buyback
New Projects/Investments
  • Eldorado Gold Corporation has initiated a dividend program, declaring an initial quarterly dividend of US$0.075 per common share.
  • This dividend is payable on March 13, 2026, to shareholders of record as of February 27, 2026.
  • The company also repurchased and cancelled approximately US$204 million in common shares during 2025, demonstrating a commitment to disciplined capital returns.
Jan 22, 2026, 2:35 PM
Eldorado Gold Initiates Dividend Program
EGO
Dividends
Share Buyback
New Projects/Investments
  • Eldorado Gold Corporation has initiated a dividend program, declaring an initial quarterly dividend of US$0.075 per common share.
  • This initial dividend is payable on March 13, 2026, to shareholders of record at the close of business on February 27, 2026.
  • The company's CEO stated this milestone reflects a strong financial position and confidence in executing its growth strategy, including cash flow generation from Skouries.
  • In 2025, Eldorado Gold also repurchased and cancelled approximately US$204 million in common shares, demonstrating a commitment to disciplined capital returns.
Jan 22, 2026, 12:00 PM
Eldorado Gold Provides Update on Greek Growth Projects
EGO
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
  • Eldorado Gold's Skouries Project is nearing completion, with overall progress at 90% (including phase 1) and 78% (phase 2) as of December 31, 2025. First concentrate production is expected by the end of Q1 2026, followed by commercial production in mid-2026.
  • The Olympias Expansion is progressing towards completion in Q3 2026 and ramp-up in Q4 2026, which will increase processing capacity to 650,000 tonnes per annum. New concentrate contracts for 2026 are expected to provide a significant uplift to cash flow.
  • The Perama Hill project's Environmental Impact Assessment (EIA) was submitted in December 2025, with anticipated approval in H2 2026 and potential construction starting in 2027.
  • As of December 30, 2025, the Skouries Project had accumulated 1,200 thousand tonnes of stockpiled ore, containing 47.3 thousand ounces of gold and 12.6 million pounds of copper.
Jan 21, 2026, 2:22 AM

Quarterly earnings call transcripts for ELDORADO GOLD CORP /FI.