Tuesday, October 7, 2025

Latest

Equinox Gold And Calibre Mining Secure Shareholder Approval For Merger

The proposed merger between Equinox Gold (TSX: EQX) and Calibre Mining (TSX: CXB) appears to be proceeding, with the two equities last night announcing they had secured shareholder approval to move forward with the transaction.

The approval follows the transaction being reworked in favor of Calibre shareholders, after the special meeting of shareholders was delayed by a week to secure the votes required to approve the deal. The transaction was approved by 85.87% of the shares voted by Equinox shareholders, and by 75.28% of the shares voted by Calibre shareholders.

Under the revised terms, Calibre shareholders are set to receive 0.35 of an Equinox share for each share of Calibre held, a figure which represents just a 10% premium to the closing price of the equities on February 21. Previously, that ratio was set at 0.31 of an Equinox share for each share of Calibre held.

WATCH: Equinox Ups Its Offer For Calibre: Investors Said No!

With approvals in hand from shareholders, the two parties will now seek court approval at a hearing scheduled for May 6. The transaction is also subject to exchange approval alongside Canadian and Mexican government approval, of which only Canadian officials have approved to date.

The transaction is currently expected to close by the end of Q2 2025.

The merger between the two miners is expected to create an Americas-focused gold producer with operations across five countries. Production in 2025 is expected to total 950,000 ounces on a combined basis, of which 590,000 ounces will come from Canada, making the pro-forma entity the second largest miner in Canada.

Equinox Gold last traded at $8.77 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Equinox Gold Invests Further $12.6 Million Into i-80 Gold

It appears that Equinox Gold (TSX: EQX) continues to be interested in being a major...

Friday, December 10, 2021, 09:05:01 AM

Equinox Gold Suspends Operations At RDM Mine, Withdraws Guidance

Equinox Gold (TSX: EQX) this morning announced that it has halted operations at its RDM...

Monday, May 16, 2022, 08:33:15 AM

Calibre Mining Receives Approval To Mine The Berry Deposit At Valentine Gold Mine

Calibre Mining (TSX: CXB) has obtained approval to expand the Valentine Gold Mine from Canada’s...

Tuesday, August 6, 2024, 09:07:24 AM

1M Oz GOLD Production Goal: The Next Big Gold Producer? | Equinox Gold Corp.

In this interview at the Precious Metals Summit 2024, Rhylin Bailie, VP of Investor Relations...

Monday, September 23, 2024, 12:15:00 PM

Equinox Gold: The Analyst First Impression Of The Premier Gold Mines Transaction

Earlier this week, Equinox Gold Corp (TSX: EQX) announced the acquisition of Premier Gold Mines...

Saturday, December 19, 2020, 01:39:00 PM