US EditionEquinox Gold (TSX: EQX) to sell Brazil assets, retire $800M debt
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The Canadian Equinox Gold announced the sale of gold mines in Brazil by US$ 1,015 billion for the Chinese CMOC Group. The mines sold are Aurizona, in Maranhaão; Riacho dos Machados, in Minas Gerais; and others in the so-called complexo Bahia. 100% of the operations will be sold. In agreement with the Chinese, Equinox Gold will receive US$ 900 million in cash at the end of the operation, which is still dependent on the approval of Brazilian organ…
Equinox Gold agrees to sell Brazil portfolio to CMOC for $1.01bn
Canadian mining company Equinox Gold has agreed to divest its Brazil portfolio to a CMOC Group subsidiary for total consideration of $1.01bn, to focus on North American growth.The post Equinox Gold agrees to sell Brazil portfolio to CMOC for $1.01bn appeared first on Mining Technology.
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