According to a press release from the companies, Foran shareholders will receive 0.1128 shares of Eldorado plus $0.01 per share. As a result, they will own about 24% of the combined company.
The completion of the transaction is scheduled for the second quarter of this year.
The assets of the combined company will consist of approximately 77% of gold and 15% of copper deposits with production and development projects in Canada, Greece and Turkey. It is expected that in 2027 the basic profit will be about $ 2.1 billion, free cash flow - $ 1.5 billion, production - about 900 thousand ounces of gold equivalent.
The agreement has received unanimous approval from the boards of directors of both parties, and shareholders are scheduled to vote on April 14.
