Investors Support Eldorado Gold Bid for Copper-Focused Foran

Eldorado Gold Corp.’s C$3.8 billion ($2.7 billion) bid to buy Foran Mining Corp. won shareholder support, advancing plans to create a larger gold-and-copper miner after overcoming an activist campaign that cast doubt on the deal’s prospects.

Almost 85% of Eldorado shareholders who voted at a meeting on Tuesday supported the acquisition, exceeding the 50% threshold required for the transaction to proceed. Foran investors backed the takeover at a separate meeting earlier in the day.