Eldorado to buy Foran Mining for $2.8B amid copper push

Eldorado Gold (TSX: ELD) (NYSE: EGO) has agreed to buy fellow Canadian miner Foran Mining (TSX:FOM) (OTCQX:FMCXF) in a transaction that values the copper-focused developer at about C$3.8 billion ($2.8 billion).The acquisition will expand Eldorado’s copper footprint while adding a second near-term growth project as demand for the metal rises alongside electrification and clean energy investment.The deal brings together Eldorado’s Skouries gold-copper project in Greece and Foran’s McIlvenna Bay copper project ...