Equinox Gold Plans $115M Nevada Asset Sale to Minera Alamos

Equinox Gold has agreed to sell its non-core Nevada assets, including the Pan Mine, Gold Rock Project, and Illipah Project, to Minera Alamos Inc. for $115 million, consisting of $90 million in cash and $25 million in Minera Alamos equity, which will represent up to 9.99% ownership in Minera Alamos. This strategic divestment aims to simplify Equinox Gold's business, allowing the company to focus on core operations and key development opportunities, while strengthening its balance sheet. The Pan Mine, a producing gold operation in Nevada acquired through the Calibre Mining merger, has produced over 335,000 ounces of gold and holds significant measured and indicated resources. Minera Alamos will gain immediate production and cash flow from the Pan Mine and its existing Santana open-pit mine in Mexico, with plans to grow as a precious metals producer. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals, and Jason Kosec will join Minera Alamos as chairman to lead strategic growth initiatives. Equinox Gold’s CEO Darren Hall emphasized that the equity stake provides continued exposure to upside potential in the Nevada assets and Minera Alamos’ portfolio.