Minera Alamos Inc. announced the completion of its acquisition of Equinox Gold Corp.'s Pan Gold Mine, Gold Rock Project, and Illipah Project, all located in White Pine County, Nevada. This transaction finalizes the previously announced divestiture by Equinox Gold.
Equinox Gold had agreed to sell its 100% interest in these non-core Nevada assets for $115 million. The completion of this sale allows Equinox Gold to further focus its capital and resources on its core opportunities and growth projects.
This divestiture is part of Equinox Gold's strategy to optimize its portfolio and streamline operations, contributing to its overall financial flexibility and strategic direction.
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