12:55 PM EST - Equinox Gold Corp. : Equinox Gold Corp. (TSX: EQX) (NYSE: EQX) and Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) announced that the Companies have entered into a definitive arrangement agreement in an at-market business combination whereby Equinox will acquire all the issued and outstanding common shares of Calibre pursuant to a court-approved plan of arrangement. The combined company will continue under the name "Equinox Gold Corp." The Transaction will create an Americas-focused diversified gold producer with a portfolio of operating mines in five countries anchored by two high-quality, long-life, low-cost Canadian gold mines. The Greenstone Mine in Ontario achieved commercial production in November 2024 while the Valentine Gold Mine in Newfoundland & Labrador is nearing construction completion with first gold pour targeted for mid-2025. Collectively, these two cornerstone assets are expected to produce an average of 590,000 ounces of gold per year when operating at capacity. With 100% ownership of Greenstone and Valentine, New Equinox Gold will become the second largest gold producer in Canada. Equinox Gold Corp.
shares T.EQX are trading down 17 cents at $2.93.
Full Press Release: ttps://www.baystreet.ca/quotedata/quote.aspx?ticker=CXB%3ACA&qmodStoryID=8793665472855114
