Equinox Gold and Calibre Mining Merge to Form Leading Gold Producer

Equinox Gold ( (TSE:EQX) ) has shared an update.

Equinox Gold Corp. has entered into a definitive arrangement agreement with Calibre Mining Corp. to merge and form a major Americas-focused gold producer. The new entity, retaining the Equinox Gold name, is set to become the second largest gold producer in Canada, with significant production capabilities and a robust asset base. The merger is expected to enhance Equinox’s market presence, with a projected gold output of over 1.2 million ounces annually, bolstered by high-quality Canadian mines and a promising pipeline for growth. The combined company’s market capitalization is estimated at C$7.7 billion, with strategic leadership from renowned industry figures.

More about Equinox Gold

Equinox Gold Corp. is a leading gold producer in the Americas, focusing on gold mining operations with a portfolio of diversified assets. The company is known for its low-cost, long-life Canadian gold mines and holds a significant presence in the market through its extensive gold reserves and development projects.

YTD Price Performance: 28.44%

Average Trading Volume: 6,198,039

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.1B

See more data about EQX stock on TipRanks’ Stock Analysis page.