🟡 Equinox Gold Sells Brazil Operations for $1B to Chinese Miner.
Canada-based Equinox Gold has agreed to sell its Brazil mining operations in a major $1 billion deal, marking a strategic shift toward North American growth and balance-sheet strengthening.
💰 Deal Value: Up to US$1.015 billion, including US$900M cash at closing and up to US$115M contingent payment.
🏭 Assets Sold: Aurizona Mine, RDM Mine, and Bahia Complex in Brazil.
🇨🇳 Buyer: Chinese mining giant CMOC Group, expanding its gold portfolio.
📉 Equinox plans to reduce debt and strengthen liquidity.
🌎 Company will refocus on core North American assets.
🕒 Transaction expected to close in Q1 2026, pending approvals.
The sale highlights ongoing consolidation in the gold mining sector as producers streamline portfolios amid elevated gold prices.
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