0845 ET - The proposed $18.5-billion combination of gold miners Equinox and Orla may not be every investor's cup of tea. TD Cowen's Wayne Lam expects "a mixed reaction from both EQX and OLA shareholders," citing "questions around timing/rationale for both companies, particularly with both seemingly having been set up for solid growth ahead as standalone entities." Still, Lam says the deal "appears accretive for EQX on near-term metrics and creates a larger Canadian focused producer," with greater scale and a stronger Canadian production base. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

May 13, 2026 08:45 ET (12:45 GMT)

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