Eldorado Gold and Foran Mining remind shareholders to vote on merger

Eldorado Gold Corporation (NYSE: EGO) and Foran Mining Corporation are reminding shareholders to vote on their proposed merger arrangement ahead of special meetings scheduled for April 7, 2026.

Eldorado shareholders will vote on a share issuance resolution at 10:00 a.m. Vancouver time, while Foran securityholders will vote on the arrangement resolution at 1:00 p.m. Toronto time the same day. The proxy voting deadline is April 2, 2026 at 10:00 a.m. Vancouver time.

Under the proposed arrangement, Foran shareholders will receive 0.1128 of an Eldorado common share plus C$0.01 in cash for each Foran share held. Upon completion, Foran will become a wholly-owned subsidiary of Eldorado.

Both companies' boards of directors have unanimously approved the arrangement and recommend shareholders vote in favor of their respective resolutions. The boards cited strategic benefits including near-term growth from two development projects, the Skouries and McIlvenna Bay mines, which are expected to begin commercial production in Q3 2026 and mid-2026, respectively.

The companies project the combined entity will generate approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027, according to the press release. The merged portfolio would provide exposure to approximately 77% gold, 15% copper, 4% silver and 4% other metals across operations in Canada, Greece and Turkey.

Shareholders requiring voting assistance can contact Laurel Hill Advisory Group at 1-877-452-7184 or [email protected].

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