Equinox Gold to buy Calibre Mining to create major Americas-focused gold producer
The companies announced on Sunday that they have agreed to a court-approved plan of arrangement.
Calibre shareholders will receive 0.31 Equinox common shares for each Calibre share held right before the deal takes effect, with existing Equinox shareholders and former Calibre shareholders owning roughly 65% and 35% of the combined company once the deal is finalized.
The implied market capitalization of the combined company is estimated at approximately 7.7 billion Canadian dollars.
The transaction is anticipated to result in an Americas-focused diversified gold producer with a portfolio of operating mines in five countries, led by two high-quality, long-life, low-cost Canadian gold mines.
the companies said.
The combined company is expected to produce around 950,000 ounces of gold in 2025, excluding production from Valentine and Los Filos.
) said.
There's more information available on Calibre Mining and Equinox Gold.
- Calibre Mining: The Valentine Pour Isn't a Done Deal Yet
- Calibre Mining Corporation 2024 Q4 - Earnings Call Presentation
- Calibre Mining Corp. (OTC: CXBMF) Q4 2024 Earnings Call Transcript
- Calibre Mining aims to produce 230,000 to 280,000 ounces of gold before Valentine's Day in 2025, with an additional 50,000 to 100,000 ounces coming from the Valentine project.
- Equinox Gold is aiming for a 2025 production boost to 635,000-750,000 ounces as the Greenstone project comes online.
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