The Prospector News

Equinox Gold Announces Agreement to Divest Non-Core Nevada Assets for US$115 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Equinox Gold Announces Agreement to Divest Non-Core Nevada Assets for US$115 Million

 

 

 

 

 

Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) is pleased to announce the sale of its 100% interest in the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada, USA to Minera Alamos Inc. (TSX-V: MAI) for US$115 million, payable on closing as:

  • Cash consideration of US$90 million; and
  • Equity consideration worth US$25 million in the form of Minera Alamos common shares, representing no more than 9.99% pro forma ownership on an issued and outstanding basis.

 

Darren Hall, Chief Executive Officer of Equinox Gold, commented: “The sale of our non-core Nevada Assets reflects our commitment to portfolio optimization and disciplined capital allocation. This transaction simplifies our business and allows the team to focus our efforts and capital on core operations and key development opportunities, positioning Equinox Gold to drive greater shareholder returns. The US$90 million in cash proceeds will strengthen our balance sheet, and the significant equity ownership will provide continued exposure to the upside within the Nevada Assets as well as to Minera Alamos’ existing high-quality portfolio.”

 

In the event the equity portion of the consideration represents more than a 9.99% interest in Minera Alamos, the cash payment to Equinox Gold will be increased such that Equinox Gold does not own more than 9.99% of Minera Alamos shares issued and outstanding at closing. The transaction is expected to close in the fourth quarter of 2025, subject to receipt of all regulatory and stock exchange approvals and other customary closing conditions.

 

Advisors and Counsel

Trinity Advisors Corporation is acting as financial advisor to Equinox Gold. Blake, Cassels & Graydon LLP is acting as legal advisor to Equinox Gold.

 

About Equinox Gold

Equinox Gold is a Canadian mining company positioned for growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth.

 

Posted August 7, 2025

Share this news article

MORE or "UNCATEGORIZED"


Tectonic Metals Drills 2.41 g/t Au Over 59.44 Metres, Including 11.82 g/t Au Over 10.67 Metres and 39.96 g/t Au Over 3.05 Metres at Alpha Bowl, Flat Gold Project, Alaska

Broad Gold Mineralization Starts at Surface, Returning 1.86 g/t A... READ MORE

October 15, 2026

Lithium Africa Intersects 8.0 m at 1.70% Li2O, including 4.0 m at 2.59% Li2O, Extending High-Grade Mineralization at Norrabees I

Lithium Africa Corp. (TSX-V: LAF) (FSE: 6MQ) (OTCQB: LTAFF) is pl... READ MORE

October 15, 2026

Tower Intersects 20.3 m of 3.13 g/t Au, Including 8.0 m of 7.16 g/t Au, at Rabbit North's Blue Sky Zone

Drilling also returns 134.0 m of 0.65 g/t Au in the Lower Domain;... READ MORE

October 15, 2026

Copper Road Signs Exploration Agreement with the Matachewan First Nation on the Ben Nevis Volcanic Complex Project

Copper Road Resources Inc. (TSX-V: CRD) is pleased to announce th... READ MORE

October 15, 2026

Brunswick Exploration Announces 302 Metre-Wide Spodumene-Bearing Pegmatite Interval at the Anatacau Main Project

Brunswick Exploration Inc. (TSX-V: BRW) (OTCQB: BRWXF) (FRANKFUR... READ MORE

October 15, 2026

Copyright 2026 The Prospector News