(All financial figures are in US dollars) VANCOUVER, British Columbia, Jan. 23, 2026 (GLOBE NEWSWIRE) — Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) completed the previously announced sale of its Aurizona Mine, RDM Mine and Bahia Complex located in Brazil (the “Brazil Operations”) to a subsidiary of the CMOC Group for total consideration of up to $1.015 billion (the “Transaction”). Equinox Gold received cash proceeds of $900 million, before closing adjustments, and will receive a production linked contingent cash payment of up to $115 million on January 23, 2027.
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Brief Summary
Equinox Gold Corp. has successfully completed the sale of its Brazil Operations for a total cash consideration of $1.015 billion. The transaction involved the sale of the Aurizona Mine, RDM Mine, and the Bahia Complex to a subsidiary of the CMOC Group.
This strategic move not only enhances Equinox Gold’s liquidity but also enables the company to effectively manage its debt. Highlights of the transaction include:
- $900 million in immediate cash proceeds received.
- Potential additional contingent payment of up to $115 million linked to production, to be received by January 23, 2027.
- More than $800 million of debt paid down, reducing net debt to $150 million.
Why it matters: This divestment positions Equinox Gold for future growth and stability in a competitive market.
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