Completed merger creates one of the world’s top gold producing companies
Equinox Gold is a Canadian mining company with six producing gold mines. They have a multi-million-ounce gold reserve base and a strong growth profile from two development projects and two expansion projects. The Company operates entirely in the Americas. Equinox Gold has two projects in the United States, one in Mexico and five in Brazil. The Company is delivering on its growth strategy, advancing from a single-asset developer to a multi-mine producer in just two years. Further, with an experienced team led by Ross Beaty as Chairman, Equinox Gold has the properties, the plan and the people to achieve its vision of becoming a premier million-ounce gold producer.
Equinox Gold’s executives and directors have also personally invested and hold more than 11% of the Company. This is one of the highest inside ownership profiles in the industry and ensures that the interests of investors and Equinox Gold’s leadership team are aligned.
Equinox & Leagold Merge
In March 2020, Equinox Gold and Leagold Mining combined their businesses to create a premier gold producer. The increased scale and diversification immediately established Equinox Gold as one of the world’s top gold producing companies. It also provided improved liquidity and a lower risk profile for shareholders. Additionally, Equinox has one of the largest gold reserves in its peer group, offering significant leverage to the gold price. Concurrent with the merger, Equinox Gold arranged a US$670 million financing package. This created a strong financial foundation for the new company.
Moreover, Equinox Gold will generate significant revenue and cash flow from its six operating mines. They will do so while offering near-term growth from its development and expansion projects. Equinox Gold intends to expand production from its current asset base through exploration and development and will continue to look for opportunities to acquire other companies, producing mines or development projects that fit its portfolio and strategy. The Company is well funded to achieve its development plans while also exploring at its projects with the objective of demonstrating mine life extension.
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