Overview
- Equinox will receive $900 million in cash at closing plus up to $115 million one year later based on production performance.
- The buyer is a CMOC Group subsidiary, with closing targeted for the first quarter of 2026 pending regulatory approvals and not contingent on financing.
- Management plans to fully repay a $500 million term loan and a $300 million Sprott loan and to reduce the revolving credit facility.
- The move advances a North America–focused strategy, leaving producing assets at Valentine and Greenstone in Canada, Mesquite in California, and El Limón and Libertad in Nicaragua.
- The company projects 2026 output of 700,000–800,000 ounces as Valentine and Greenstone ramp, and shares hit a new 52-week high in premarket trading.