Reported about 8 hours ago
Equinox Gold Corp. has reached an agreement to purchase Calibre Mining Corp. in an all-stock deal valued at C$2.6 billion ($1.8 billion), enhancing its gold production capabilities in the US and Nicaragua. This merger is set to position the combined entity as Canada’s second-largest gold producer, with shareholders receiving shares in Equinox. The acquisition comes amid a wave of gold industry consolidations as miners benefit from record-high bullion prices.
Source: YAHOO