Equinox Gold to acquire the remaining 40% stake in Greenstone Gold Mine from Orion for $995m.

Equinox Gold, a growth-focused gold producer, agreed to acquire the remaining 40% stake in Greenstone Gold Mine from Orion, a global alternative investment management firm, for $995m. “Opportunities to own gold mines like Greenstone are incredibly rare in our industry, and the Greenstone Mine will now be the foundation for long-term value creation in our company. I also welcome Orion as a shareholder of Equinox Gold and thank them for being a great partner over the last few years, as together with the Greenstone team we have executed a very successful mine build. Greenstone is well into hot commissioning, with first gold in sight. Now, as full owners, we remain focused on advancing Greenstone to commercial production and look forward to surfacing its full potential,” Greg Smith, Equinox Gold President and CEO.