Equinox (EQX) and Orla Mining Announce At-Market Merger Agreement

On May 13, 2026, Equinox Gold Corp. (NYSEAMERICAN:EQX) and Orla Mining announced a definitive statement statement for an at-market merger that would make a North American elder golden shaper with astir 1.1 cardinal ounces of expected yearly golden accumulation and an implied marketplace capitalization of astir $18.5B. The combined institution is expected to proceed operating nether the sanction Equinox Gold Corp. and would beryllium anchored by 3 long-life Canadian golden mines, alongside a North American maturation pipeline that absorption believes could enactment much than 1.9 cardinal ounces of yearly accumulation implicit time. Under the presumption of the agreement, Equinox Gold volition get each outstanding Orla communal shares done a court-approved program of arrangement. Orla shareholders volition person 1.00 Equinox communal stock positive a nominal currency outgo of $0.0001 per Orla share.

Following completion of the transaction, existing Equinox shareholders are expected to ain astir 67% of the combined company, portion erstwhile Orla shareholders would ain astir 33% connected a afloat diluted in-the-money basis. The transaction remains taxable to shareholder, court, and regulatory approvals, including Canadian and Mexican contention approvals and listing support for the recently issued Equinox shares connected the Toronto Stock Exchange and NYSE American. The companies expect the transaction to adjacent during Q3 2026. The statement besides includes customary woody protections, including non-solicitation provisions, matching rights for superior proposals, reciprocal fiduciary-out clauses, and interruption fees of $475M payable by Equinox and $250M payable by Orla nether definite circumstances.

Stifel aboriginal raised the firm’s terms people connected Equinox Gold Corp. (NYSEAMERICAN:EQX) to C$35 from C$31 antecedently portion maintaining a Buy standing connected the shares.

Equinox Gold Corp. (NYSEAMERICAN:EQX) explores, develops, and operates golden and metallic mining properties crossed the Americas.

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