Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Top 5 moments from Charlie Kirk’s memorial service...
Trump set to approve TikTok deal ensuring majority-American...
Harris is speaking. This time, she isn’t bending...
Hamas letter to Trump asks for 60-day ceasefire...
Trump must make UN funding conditional on real...
Democrats skip Charlie Kirk Arizona memorial after 58...
‘Due to overhelming support:’ Turning Point USA says...
Thune slams Democrats’ ‘cold-blooded partisan’ tactics as funding...
Macron stakes anti-Trump global role with Gaza initiative...
Trump assassination attempt suspect Ryan Routh questions first...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Equinox Gold and Calibre Mining to Join Forces in C$2.6 Billion Deal

by admin February 25, 2025
February 25, 2025
Equinox Gold and Calibre Mining to Join Forces in C$2.6 Billion Deal

Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Calibre Mining (TSX:CXB,OTCQX:CXBMF) have entered into a definitive arrangement agreement to merge, creating a major diversified gold producer in the Americas.

The deal will see Equinox acquire all the outstanding common shares of Calibre in an all-stock transaction, forming a new entity that will continue operating under the Equinox name.

The merger will establish a gold producer with a presence across five countries, anchored by two key Canadian assets: the Greenstone gold mine in Ontario and the Valentine gold mine in Newfoundland and Labrador.

When at full capacity, these mines are expected to produce an average of 590,000 ounces of gold per year.

Overall, Equinox is anticipating production of approximately 950,000 ounces of gold in 2025, with the potential to exceed 1.2 million ounces annually as its cornerstone assets reach full capacity.

Under the terms of the agreement, Calibre shareholders will receive 0.31 Equinox shares for each Calibre share held.

Once the deal is complete, Equinox shareholders will own approximately 65 percent of the new entity, with former Calibre shareholders holding the remaining 35 percent. The new company’s expected market cap is C$7.7 billion.

Equinox CEO Greg Smith called the merger a “transformative step forward” for both companies, stating, “By combining our assets, teams, and financial strength, we are creating a leading Americas-focused gold producer with enhanced scale, resilience, and the ability to generate significant long-term value for our shareholders and stakeholders.”

The new company will also benefit from the expertise of mining industry veterans, including Ross Beaty and Featherstone Capital’s Blayne Johnson and Doug Forster, all of whom will serve on the Equinox board of directors.

The announcement follows Equinox’s record-breaking financial and operational performance in 2024. The company sold 623,579 ounces of gold, generating US$1.5 billion in revenue and US$430 million in operating cashflow.

Results were driven in part by the successful ramp up of production at Greenstone, which achieved commercial production in November 2024 and contributed more than 111,700 ounces of gold in its first partial year of operation.

Additional details on the merger and the new entity’s financial outlook will be provided in Equinox’s upcoming audited consolidated financial statements, which are expected in mid-March.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Chinese Market Approval for WOA’s Lupin Protein Isolate
next post
Deadline for Musk’s ultimatum to federal workers hits, but consequences remain vague

You may also like

1911 Gold Successfully Re-Enters the True North Mine...

April 9, 2025

Newmont to Sell Cripple Creek & Victor Mine...

December 11, 2024

Successful Placement

October 21, 2024

Silver47 Announces Graduation to Tier 1 Status on...

May 23, 2025

JZR Gold Inc. Announces Private Placement Offering of...

July 12, 2025

Torex Gold Moves Beyond Single-Asset Status With Reyna...

July 11, 2025

Mr. Brady Rak Joins Skyharbour as Vice President...

October 3, 2024

Homerun Resources Inc. Completes the Assignment of the...

August 14, 2025

Steve Barton: Gold, Silver, Uranium — Price Targets...

July 30, 2025

Kobo Resources Announces Non-Brokered Private Placement of up...

August 20, 2025

Recent Posts

  • Top 5 moments from Charlie Kirk’s memorial service in Arizona
  • Trump set to approve TikTok deal ensuring majority-American investor control: White House
  • Harris is speaking. This time, she isn’t bending to Biden’s bullies
  • Hamas letter to Trump asks for 60-day ceasefire deal to release half of hostages, sources say
  • Trump must make UN funding conditional on real reforms, ex-diplomat urges

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (927)
    • Investing (3,032)
    • Politics (3,709)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.