Strategic Assets and Production Outlook
The deal unites two fully financed development projects: Skouries in Greece and McIlvenna Bay in Saskatchewan, Canada, both targeting commercial production by mid-2026. Eldorado projects that the combined company will produce roughly 900,000 gold equivalent ounces in 2027.
“This combination creates a stronger gold and copper growth company, defined by near-term cash flow generation and multiple catalysts,” said Eldorado CEO George Burns. “It is supported by a portfolio of long-life assets, exceptional exploration upside and meaningful exposure to critical minerals across a well-balanced, multi-jurisdictional portfolio.”
Foran Executive Chair and CEO Dan Myerson added, “This transaction gives McIlvenna Bay the scale and financial strength to fully realize its potential, including the ability to accelerate phased expansion opportunities over time. Coupled with Skouries, this positions Eldorado to advance two world-class assets into production in short order.”
