Equinox Gold Sells Brazil Operations for Over $1 Billion
Reading Time: 2 minutes
Equinox Gold (TSX: EQX) has announced the sale of its entire Brazil operations to a subsidiary of the Chinese CMOC Group. The transaction includes the Aurizona and RDM mines as well as the Bahia complex and has a total volume of $1.015 billion. Of this amount, $900 million is allocated to an immediate cash payment upon closing, supplemented by a potential production-dependent additional payment of up to $115 million one year after closing. Completion of the transaction is expected in the first quarter of 2026 and is subject to regulatory approvals...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
