Equinox Gold to Acquire Orla Mining in 5.1 Billion Deal
Equinox Gold has agreed to acquire Orla Mining to create a North American gold producer with a combined valuation of 18.5 billion dollars. The merger will establish Canada's second-largest gold producer with 70 percent of its net asset value located within the country.
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EQUINOX GOLD CORP will acquire ORLA MINING LTD in an all-stock deal to create an $18.5 billion North American gold producer. The merger values the transaction at C$7.02 billion and creates Canada's second-largest gold producer. Investors are seeking to de-risk geographically as record gold prices bolster cash flows for expansion in safer mining regions.
