Acquired by Eldorado Gold Corporation on 14 Apr 2026
This company is no longer independently investable. The deal was announced on 2 Feb 2026. Data below reflects its status before the acquisition.
Its shares no longer trade, so no share price, market cap or price-based valuation is shown. Scores and research below are frozen at the company's last data before the acquisition. Removed from the default Compare and Miners directory listings.
Foran Mining CorporationF
Foran Mining Corporation (formerly TSX: FOM) was a Saskatoon-headquartered developer of the McIlvenna Bay copper-zinc-gold-silver VMS deposit in Saskatchewan, ~65 km west of Flin Flon, Manitoba -- described by the company as the only environmentally-permitted, single-asset copper development in North America advancing through construction. Eldorado Gold Corporation agreed to acquire all outstanding Foran shares on 2 February 2026 (Foran shareholders approved the deal 7 April 2026), and completed the acquisition by way of a court-approved plan of arrangement on 14 April 2026: each Foran share was exchanged for 0.1128 of an Eldorado common share plus C$0.01 cash, ~C$3.8 billion in total implied consideration. Foran shares were delisted from the TSX and OTCQX on or about 15 April 2026, and Foran's results have been consolidated into Eldorado's from the closing date. Eldorado announced first copper concentrate production at McIlvenna Bay in June 2026 and was targeting commercial production in Q3 2026.
Lifecycle Milestones
Construction Milestones
0 of 5 reached- Not yet reached
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Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Scores are frozen at this company's last data before its acquisition closed on 14 Apr 2026, and are no longer updated.
Jurisdiction (40%)9/10
Saskatchewan, Canada -- top-tier, low political-risk mining jurisdiction. McIlvenna Bay sits ~65 km west of Flin Flon, Manitoba.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at McIlvenna Bay Project, Saskatchewan.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Seabee (Santoy) (SSR Mining Inc.), 121 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Trend data collecting — check back after a few more refreshes.
Acquisition Susceptibility
Eldorado Gold Corporation's acquisition of this company is already completed, so a forward-looking susceptibility score no longer applies.
Trend data collecting — check back after a few more refreshes.
Your Rankings
Management Team
No one tracked here yet.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Foran Mining developed the McIlvenna Bay copper-zinc-gold-silver deposit in Saskatchewan, about 65 km west of Flin Flon, Manitoba, and no longer trades independently. Eldorado Gold acquired all of its shares through a court-approved plan of arrangement that closed on 14 April 2026, paying 0.1128 of an Eldorado share plus C$0.01 in cash per Foran share (about C$3.8B in total), and Foran was delisted from the TSX and OTCQX on or about 15 April 2026. McIlvenna Bay is now a wholly owned Eldorado asset; its March 2025 technical report gives an indicated resource of 38.6 Mt at 2.02% copper-equivalent plus 4.5 Mt inferred at 1.71%. Eldorado announced first copper concentrate production at McIlvenna Bay in June 2026 and was targeting commercial production in Q3 2026.
No reports or presentations linked yet.