The Financial Post reports in its Thursday edition that Eldorado Gold's $3.8-billion bid to acquire Foran Mining won shareholder support, advancing plans to create a larger Canadian gold-and-copper miner after the company overcame an activist campaign that had cast doubt on the deal's prospects. A Bloomberg dispatch to the Post reports that almost 85 per cent of Eldorado shareholders who voted at a meeting on Tuesday supported the acquisition, exceeding the 50 per cent threshold needed for the deal to proceed. Foran investors backed the takeover at a separate meeting earlier in the day. Eldorado launched a cash-and-stock offer in February to acquire all of Foran's shares. The purchase -- unanimously backed by both boards -- increases Eldorado's exposure to copper, a metal increasingly prized by miners as electrification drives demand and the cost of developing new deposits climbs. Conflicting guidance from proxy advisers ahead of the vote had clouded the outcome. Last week, Glass Lewis & Co. recommended Eldorado shareholders oppose the transaction, citing concerns the company overvalued the target. By contrast, Institutional Shareholder Services urged investors in both Eldorado and Foran to support the takeover.