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Equinox Gold completes ownership consolidation of Greenstone Mine

May 14, 2024

Equinox Gold Corp. says the company has completed its previously announced acquisition of the remaining 40% of Greenstone Gold Mine GP Inc. from certain funds managed by Orion Mine Finance Management LP ("Orion"), giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada (the "Transaction"). In connection with the Transaction, Equinox Gold has also completed the previously announced US$500 million three-year term loan. 

Greg Smith, President and CEO of Equinox Gold, commented: "Closing of this transaction consolidates our ownership of the world-class Greenstone Mine, a long-life, low-cost gold mine of significant scale in a top-tier mining jurisdiction. We again thank Orion for their partnership and support over the last few years and look forward to delivering value to all our stakeholders as we advance the Greenstone Mine towards commercial production."

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