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

Core Viewpoint - Equinox Gold Corp. has announced the sale of its non-core Nevada assets for US$115 million, which includes cash and equity components, aimed at optimizing its portfolio and focusing on core operations [1][6]. Group 1: Transaction Details - The sale includes the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada, USA [1]. - The transaction will provide US$90 million in cash and US$25 million in equity, representing no more than 9.99% ownership in Minera Alamos Inc. [1][6]. - The deal is expected to close in the fourth quarter of 2025, pending regulatory approvals [1]. Group 2: Strategic Implications - The CEO of Equinox Gold emphasized that this divestiture reflects a commitment to disciplined capital allocation and portfolio optimization [1]. - The cash proceeds will enhance the company's balance sheet, while the equity stake allows continued exposure to the potential upside of the Nevada assets [1]. Group 3: Company Background - Equinox Gold is a Canadian mining company focused on growth, with a portfolio of high-quality gold operations and development projects across the Americas [3]. - The company is led by experienced professionals and aims for operational excellence and long-term value creation [3].