Equinox Gold Announces Agreement to Divest Non-Core Nevada Assets for US$115 Million
Equinox Gold Announces Agreement to Divest
Non-Core Nevada Assets for US$115 Million
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2025) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce the sale of its 100%
interest in the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada, USA (the "Nevada
Assets") to Minera Alamos Inc. (TSXV: MAI)
for US$115 million, payable on closing as:
Cash consideration of US$90 million; and
Equity consideration worth US$25 million in the form of Minera Alamos common shares,
representing no more than 9.99% pro forma ownership on an issued and outstanding basis.
Darren Hall, Chief Executive Officer of Equinox Gold, commented:
"The sale of our non-core
Nevada Assets reflects our commitment to portfolio optimization and disciplined capital allocation. This
transaction simplifies our business and allows the team to focus our efforts and capital on core
operations and key development opportunities, positioning Equinox Gold to drive greater shareholder
returns. The US$90 million in cash proceeds will strengthen our balance sheet, and the significant equity
ownership will provide continued exposure to the upside within the Nevada Assets as well as to Minera
Alamos' existing high-quality portfolio."
In the event the equity portion of the consideration represents more than a 9.99% interest in Minera
Alamos, the cash payment to Equinox Gold will be increased such that Equinox Gold does not own more
than 9.99% of Minera Alamos shares issued and outstanding at closing. The transaction is expected to
close in the fourth quarter of 2025, subject to receipt of all regulatory and stock exchange approvals and
other customary closing conditions.
Advisors and Counsel
Trinity Advisors Corporation is acting as financial advisor to Equinox Gold. Blake, Cassels & Graydon
LLP is acting as legal advisor to Equinox Gold.
About Equinox Gold
Equinox Gold is a Canadian mining company positioned for growth with a strong foundation of high-
quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and
expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by
a seasoned leadership team with broad expertise, the Company is focused on disciplined execution,
operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure
to gold with a diversified portfolio and clear path to growth. Learn more at
www.equinoxgold.com
or
contact
.
Equinox Gold Contact
Ryan King
Senior Vice President, Capital Markets and Strategy
T: 778.998.3700
E:
E:
Cautionary Note Regarding Forward-looking Information
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation and may include future-oriented financial information
or financial outlook information (collectively "Forward-looking Information"). Forward-looking
Information in this news release relates to, among other things: the strategic vision for the Company,
completion of the sale of its Nevada Assets and expectations regarding exploration potential,
production capabilities, equity ownership in Minera Alamos Inc., future financial or operating
performance and expansion projects. Forward-looking Information is generally identified using words
like "will", "forward", "achieve", "strategy", "grow", "expect", and similar expressions and phrases or
statements that certain actions, events or results "may", "could", or "should", or the negative
connotation of such terms, are intended to identify Forward-looking Information. The Company has
based Forward-looking Information on the Company's current expectations and projections about
future events and these assumptions include: ability to achieve production, cost and development
expectations for its operations and projects; prices for gold remaining as estimated; availability of
funds for the Company's projects and future cash requirements; While the Company considers the
expectations and assumptions to be reasonable based on information currently available, they may
prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-
looking statements or information contained in this news release.
Forward-looking Information involves numerous risks, uncertainties and other factors that may cause
actual results and developments to differ materially from those expressed or implied by such Forward-
looking Information. Such factors include those described in the section "Risk Factors in the
Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section
titled "Risks Related to the Business" in Equinox Gold's most recently filed Annual Information Form
which is available on SEDAR+ at
www.sedarplus.ca
and on EDGAR at
www.sec.gov/edgar
. Forward-
looking Information reflects management's current expectations for future events and is subject to
change. Except as required by applicable law, the Company assumes no obligation to update or to
publicly announce the results of any change to any Forward-looking Information contained or
incorporated by reference to reflect actual results, future events or developments, changes in
assumptions or other factors affecting Forward-looking Information. If the Company updates any
Forward-looking Information, no inference should be drawn that the Company will make additional
updates with respect to those or other Forward-looking Information. All Forward-looking Information
contained in this news release is expressly qualified by this cautionary statement.
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https://www.newsfilecorp.com/release/261621