Equinox Gold agrees to sell Brazil portfolio to CMOC for $1.01bn
Yahoo Finance·2025-12-15 19:26

Canadian mining company Equinox Gold has agreed to divest its Brazil portfolio to a CMOC Group subsidiary for a total consideration of 1.01bn(C1.01bn (C1.39bn), to focus on North American growth. The sale includes its 100% interests in the Aurizona Mine, RDM Mine and Bahia Complex. The terms of the transaction provide Equinox Gold with 900minupfrontcashuponclosing,subjecttocustomaryadjustments.Anadditionalproductionlinkedcontingentcashpaymentofupto900m in upfront cash upon closing, subject to customary adjustments. An additional production-linked contingent cash payment of up to 115m will be payable one year post clos ...