Eldorado Gold–Foran Mining C$3.8bn deal: project delivery lens for engineers
Reviewed by Joe Ashwell

First reported on International Mining – News
30 Second Briefing
Eldorado Gold is acquiring Foran Mining in a C$3.8 billion deal to combine the fully financed Skouries gold-copper project in Greece with Foran’s McIlvenna Bay volcanogenic massive sulphide project in Saskatchewan’s Flin Flon Greenstone Belt. The combined company will control two advanced underground developments with planned long-life, low-cost production profiles and significant copper exposure alongside gold. For project engineers, the transaction signals continued capital support for complex underground bulk-tonnage builds in both EU and Canadian regulatory environments.
Technical Brief
- For other VMS and porphyry developers, the C$3.8 billion price signals strong appetite for advanced underground copper growth.
Our Take
Combining Eldorado Gold’s Skouries asset in Greece with Foran Mining’s McIlvenna Bay copper-zinc project, as highlighted in the 2 February 2026 related piece, gives Eldorado a more balanced gold–copper pipeline that can hedge revenue against single-commodity price swings.
Within our 861 Mining stories, copper–gold combinations like Eldorado’s Skouries feature prominently in discussions of long-life, low-cost assets, suggesting this deal is likely aimed at strengthening Eldorado’s cost position rather than just adding headline ounces.
Greece appears relatively infrequently in our mining project coverage compared with traditional copper and gold jurisdictions, so further capital allocation to Skouries via this C$3.8 billion M&A move signals growing confidence in that permitting and operating environment.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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