Jin Rong Jie·2025-12-16 06:20Group 1 - The core announcement is that Luoyang Molybdenum plans to acquire Canadian mining company Equinox Gold for $1.015 billion, focusing on four gold mining assets in Brazil [1][3] - The acquisition is expected to add approximately 8 tons to the company's annual gold production after completion [1] - The deal involves acquiring 100% equity of two wholly-owned subsidiaries of EQX, which include the Aurizona mine, RDM mine, and Bahia complex, with the transaction expected to close in Q1 2026, pending regulatory approvals [3] Group 2 - The acquired assets have significant resource reserves, with a total gold resource of 5.013 million ounces and an average grade of 1.88 grams per ton [3] - The gold reserves amount to 3.873 million ounces, with an average grade of 1.45 grams per ton, and projected gold production of 247,300 ounces in 2024, increasing to 250,000 to 270,000 ounces in 2025 [3] - This acquisition follows Luoyang Molybdenum's earlier purchase of the Cangrejos gold mine in Ecuador, indicating a strategic expansion in the gold sector [4]