Equinox Gold (ASE) (TSE:EQX) has released an update.
Equinox Gold Corp. has achieved full ownership of the Greenstone Gold Mine in Ontario by purchasing the remaining 40% interest from Orion Mine Finance for $995 million, financed through shares and new debt. The deal promises to boost Equinox’s annual gold production by 160,000 ounces and positions Greenstone as one of the lowest-cost open-pit gold mines, while enhancing long-term growth with significant exploration potential.
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