February 4, 2026–Written by Eric Funderburk for IIR News Intelligence (Sugar Land, Texas)–While not as big as the pending Rio Tinto-Glencore merger, two Canadian miners are joining forces with a primary focus on copper and gold both in Canada and abroad. Eldorado Gold announced this week that it will acquire Foran Mining Corporation, a copper-focused miner. Foran shareholders will receive a certain amount of Eldorado shares depending on their holdings as well as a small cash amount per share. The deal values Foran at about C$3.8 billion (US$2.8 billion) and leaves existing Eldorado shareholders about 76% of the combined company and Foran shareholders with about 24%. With the transaction, Eldorado acquires a significant copper holding to complement its gold production.
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