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.
There are no comments yet.