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News  ›  Benzinga

Equinox Gold Sells Brazil Mines For $1 Billion, Stock Soars

Benzinga Logo Benzinga By Lekha Gupta
Equinox Gold Sells Brazil Mines For $1 Billion, Stock Soars

Equinox Gold sold its Brazilian mining operations to CMOC Group for $1.015 billion, receiving $900 million upfront and potentially up to $115 million in contingent payments. The sale will help the company focus on North American assets and improve its financial position.

Insights
HMKIY   positive

Provides global packaging solutions using ultra-thin, water-based barrier coatings designed for recyclability and compostability


EQX   positive

Company strengthened financial position, simplified portfolio, reduced debt, and maintained strong production outlook after strategic asset sale