Equinox Gold has agreed to sell its 100% interest in the Pan mine, Gold Rock project, and Illipah project in Nevada to Minera Alamos in a $115-million transaction.
The deal includes $90-million in cash and $25-million in Minera Alamos shares, representing up to 9.99% pro forma ownership.
CEO Darren Hall said on Thursday that the sale “reflects our commitment to portfolio optimisation 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,” Hall stated.
“The $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.”
The transaction is expected to close in the fourth quarter of 2025, pending regulatory and stock exchange approvals and other customary conditions.
The Nevada assets are considered noncore by Equinox.