On May 13, Equinox Gold announced it will formally acquire Orla Mining. This merger transaction aims to establish a major gold producer with a core operational focus in North America. The combined new company is projected to have an implied market capitalization of approximately $18.5 billion.

According to the agreed terms, upon completion of the transaction, existing Equinox Gold shareholders will hold approximately 67% of the combined company, with Orla Mining shareholders holding the remaining 33%. The deal is currently expected to be finalized in the third quarter of this year. Regarding assets and production capacity, the newly formed entity will own and operate six mines across four countries: Canada, the United States, Mexico, and Nicaragua.