05:40 PM EDT, 03/11/2026 (MT Newswires) -- Eldorado Gold ( EGO ) edged up in after-hours New York trading after the company on Wednesday said Chief Executive George Burns plans to retire in the third quarter, with President Christian Milau set to replace him.

Burns will remain on Eldorado's board, while Milau will join the board when he takes the role, the company added.

The company said it sent a circular to shareholders outlining details of the proposed C$3.8 billion acquistion of Foran Mining ( FMCXF ) and the matters investors will vote on in connection with the deal. "The board of directors of Eldorado unanimously recommends that Eldorado shareholders vote in favour of the Eldorado share issuance resolution (as defined in the circular)."

The company also said board chair Steven Reid plans to retire in 2027 after 13 years. In addition, Dan Myerson, chief executive officer of Foran Mining ( FMCXF ), is expected to join Eldorado's board as deputy chair after the companies complete their planned combination.

The company's shares were last seen up US$0.17 to US$40.99 after hours. They closed down C$2.23 to C$55.49 on the Toronto Stock Exchange.