About Foran Mining
Foran Mining is a publicly listed company based in Vancouver (Canada) founded in 1989, and was acquired by Eldorado Gold in February 2026. Zinc and copper deposits are explored in Canadian projects. The company has 167 employees. Its website foranmining.com draws about 21 thousand monthly visits. Foran Mining offers products and services including Copper Production and Zinc Production. Its focus areas include Mining, Mining Companies, Metals and Diversified. Its legal entity is Foran Mining Corporation.
Company details
Foran Mining was established in 1989 and is based in Vancouver, Canada. Exploration efforts for zinc and copper are directed toward mineral properties in the mining sector. Assessments of potential deposits are conducted, with a focus on development opportunities in North America. Operations are managed from the headquarters, supporting ongoing geological evaluations and resource identification.
- Headquarters Vancouver, Canada
- Employees 167
- Stage Public
- SectorsNatural Resources
- Website foranmining.com
- Social LinkedIn X Facebook Instagram
- Acquired by Eldorado Gold (Feb 2026)
- Legal Name Foran Mining Corporation
- Net Profit-$13.11 M (USD)-38.55as on Dec 31, 2024
- EBITDA-$11.81 M (USD)3.54as on Dec 31, 2024
- Latest Funding Round$8.53M (USD), Post-IPO
Jul 2025
- InvestorsAgnico Eagle
& 3 more
- Employee Count167
- Acquired byEldorado Gold
(Feb 2026)
Products & Services of Foran Mining
Foran Mining offers a comprehensive portfolio of products and services, including Copper Production and Zinc Production.
Copper is extracted and produced for industrial uses, where resources are developed as part of mining operations
Zinc is produced from targeted resources, where efforts are made to ensure scalability in mining projects
Funding Insights of Foran Mining
- Total Rounds 14
- Last Round Post-IPO — $8.53M
- First Round $5.09M
(Aug 2012)
- Investors Count 3
Latest 10 of 14 funding rounds of Foran Mining with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $8.53M | Post-IPO | – | – | – |
| May 2025 | $250.93M | Post-IPO | – | – | |
| Aug 2024 | $77.98M | Post-IPO | – | – | – |
| Nov 2023 | $147.26M | Post-IPO | – | – | – |
| Mar 2023 | Post-IPO | – | – | – | |
| May 2021 | $82.9M | Post-IPO | – | – | |
| Apr 2021 | $38,033 | Post-IPO | – | – | – |
| Jan 2021 | Post-IPO | – | – | – | |
| Nov 2020 | $765,594 | Post-IPO | – | – | – |
| Apr 2020 | $710,000 | Post-IPO | – | – | – |
4 investors in total: 4 institutional.
Investors in Foran Mining
Foran Mining has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Agnico Eagle, Fairfax Financial Holdings and Eldorado Gold.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A fund focused on catalyzing private investments in Canadian projects. | cgf-fcc.ca | Montreal, Canada | ||
Provider of gold exploration and development services | 1957 | agnicoeagle.com | Toronto, Canada | |
Property & casualty insurance company | 1985 | fairfax.ca | Toronto, Canada | |
Gold and base metals are explored worldwide by Eldorado Gold. | 1992 | eldoradogold.com | Vancouver, Canada |
Investor details for Foran Mining
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People of Foran Mining
32 people are tracked at Foran Mining (13 in leadership, 8 in board & advisors, 11 in team); the tracked headcount is 167.
| Name | Role | Group |
|---|---|---|
Gilbert Lamarche | VP, Technical Services | Leadership |
Erin Carswell | Vice President, Exploration | Leadership |
James Steels | CFO | Leadership |
Dan Myerson | Executive Chairman & CEO | Leadership |
Jonathan French | Vice President, Capital Markets & External Affairs | Leadership |
Kirsten Ketilson | Director, Environmental, Social, & Governance | Leadership |
Sam Renelli | Vice President, Technical Services | Leadership |
Tracy Aitchison | Vice President Hr, H&s And ESG | Leadership |
Brad Bolger | Vice President, Finance | Leadership |
Etienne Ravilet Guzman | Vice President, Legal | Leadership |
Keith Gorman | Director Of Financial Planning And Analysis | Leadership |
Carter Zazula | Director, Government Relations | Leadership |
Ryan Ewing | General Manager | Leadership |
Brad Wall | Advisor | Board & advisors |
Darren Morcombe | Director | Board & advisors |
David M. Petroff | Director | Board & advisors |
Maurice Tagami | Director | Board & advisors |
Wayne G. Wouters | Director | Board & advisors |
Nancy Guay | Director | Board & advisors |
Jessica McDonald | Director | Board & advisors |
12 more people are available in the full profile.
Complete people profiles for Foran Mining
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IPO & Listings of Foran Mining
Foran Mining is a publicly listed company on the TSX with ticker symbol FOM in Canada, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Jun 2023
- Listed onTSX: FOM
- Listed entityForan Mining Corporation
- Exchange sectorNon-energy minerals
- ISINCA3449112018
- Share price5.44 CAD (-3.89% on the day) · 2026-04-16
- Market capitalisation3,065,445,383.00 CAD
- Price to earnings3,400.0
- EPS (diluted, trailing year)0.00 CAD
- Volume (last session)10,270,116
- Analyst consensusNeutral
Financials of Foran Mining
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | -18.9M CAD | -17.0M CAD | |
| 2023 | -13.6M CAD | -17.6M CAD | |
| 2022 | -9.8M CAD | -9.6M CAD | |
| 2021 | -4.4M CAD | -6.3M CAD | |
| 2020 | -2.0M CAD | -1.1M CAD |
Detailed financial statements for Foran Mining
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Foran Mining
5 dated milestones of Foran Mining across 37 years, from founding to its latest funding, stage changes and deals.
- Founded Foran Mining is founded.
- Funding First funding round of $5.1M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $8.5M.
- Exit Acquired by Eldorado Gold.
Web traffic of Foran Mining
The website of Foran Mining (foranmining.com) receives about 20.9K visits a month.
- Monthly visits20.9K
▲ 23.2% vs previous month
Websites whose visitors overlap most with Foran Mining. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| glencoretechnology.com | 100% | #1,713,346 | View details | ||
miningandenergy.ca | miningandenergy.ca | 100% | #2,168,202 | – | |
| artemisgoldinc.com | 95% | 32.8K | #941,750 | View details | |
| globalminingreview.com | 86% | #1,075,525 | View details | ||
| lundinmining.com | 84% | 75.9K | #536,648 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Foran Mining
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- 8 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Mining Companies
3 companies that operate in the same segment as Foran Mining (Mining Companies) in Canada, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
First Majestic is engaged in silver and gold mining operations. | 2002 | Vancouver, British Columbia, Canada | USD 1.29 B | |||
Diversified exploration and development of metals are conducted globally. | 1949 | Rouyn-noranda, Quebec, Canada | USD 1.06 M | |||
Previous metals exploration company | 1973 | Vancouver, British Columbia, Canada | USD 9.47 M |
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Related news about Foran Mining
Complete news archive for Foran Mining
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Frequently Asked Questions about Foran Mining
Foran Mining was founded in 1989 and raised its 1st funding round 23 years after it was founded.
Foran Mining is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Foran Mining has 167 employees.
Foran Mining was established in 1989 and is based in Vancouver, Canada. Exploration efforts for zinc and copper are directed toward mineral properties in the mining sector. Assessments of potential deposits are conducted, with a focus on development opportunities in North America. Operations are managed from the headquarters, supporting ongoing geological evaluations and resource identification.
Foran Mining offers Copper Production and Zinc Production.
Yes, Foran Mining is publicly traded on TSX under the ticker symbol FOM.
Foran Mining has 4 investors. Key investors include Agnico Eagle, Fairfax Financial Holdings, Eldorado Gold, and Canada Growth Fund.
Foran Mining operates through Foran Mining Corporation.
Yes. Foran Mining was acquired by Eldorado Gold in February 2026.