Core Viewpoint - Equinox Gold is divesting its Brazil portfolio to focus on North American growth, with a total consideration of $1.01 billion (C$1.39 billion) [1][2] Group 1: Transaction Details - The sale includes 100% interests in the Aurizona Mine, RDM Mine, and Bahia Complex [1] - Equinox Gold will receive $900 million in upfront cash upon closing, with an additional contingent cash payment of up to $115 million based on production thresholds achieved one year post-closing [2] - The transaction is expected to close in the first quarter of 2026, pending regulatory approvals [2][6] Group 2: Post-Sale Production Strategy - After the sale, Equinox Gold's production will consist of the Valentine and Greenstone mines in Canada, the Mesquite mine in California, and the El Limón and Libertad mines in Nicaragua [3] - The company aims to increase gold output to between 700,000 ounces and 800,000 ounces in 2026 as the Valentine and Greenstone mines reach nameplate capacity [3] Group 3: Financial Impact and Growth Plans - The proceeds from the sale will fully repay a $500 million term loan and a $300 million Sprott loan, enhancing the company's financial position and reducing interest expenses [5] - Equinox Gold plans to self-fund organic growth and consider capital return initiatives within a disciplined capital allocation framework [5] - The company is focusing on organic growth opportunities in Canada and the US, particularly through projects like the Valentine Expansion and Castle Mountain phase two [4][7]

Core Viewpoint - Ress Life Investments A/S (RLI) has agreed to divest most of its current life insurance portfolio to a market counterparty at a price corresponding to the Net Asset Value (NAV) of the portfolio [1] Group 1: Transaction Details - The objective of the transaction is to enable RLI to purchase new policies and capitalize on attractive opportunities in the secondary market for US life insurance policies while providing short-term liquidity [2] - The transaction will be completed in separate quarterly tranches until the end of Q3 2026, with pre-agreed prices for each tranche [3] - RLI will maintain a percentage of the policy pay-outs until the completion of the last tranche, with the percentage depending on the number of tranches completed at the time of the pay-out [3] Group 2: Strategic Implications - The transaction structure allows RLI to reinvest the proceeds and purchase new policies as each tranche sale completes during 2025 and 2026, without needing to maintain an excessive liquidity reserve [4] - RLI continues to pursue its long-term strategy of building a diversified and resilient portfolio of US life insurance policies, a strategy in place since 2011 [4]