Equinox Gold and Calibre Mining Combine to Create a Major Americas-Focused Gold Producer

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) and Calibre Mining Corp. (TSX: CXB, OTCQX: CXBMF) have announced a definitive arrangement agreement, merging the two companies to create a major Americas-focused gold producer. The combined company, New Equinox Gold, will have a diversified portfolio of operating mines in five countries, anchored by two high-quality, long-life, low-cost Canadian gold mines: Greenstone and Valentine. This strategic move will position New Equinox Gold as the second-largest gold producer in Canada, with the potential to produce more than 1.2 million ouses of gold per year when Greenstone and Valentine are operating at capacity.



The merger will create a company with a large gold endowment of Mineral Reserves and Mineral Resources, as well as a highly prospective pipeline of development, expansion, and exploration projects. This extensive resource base will enable New Equinox Gold to maintain and grow its production levels over the long term, ensuring the company's sustainability and resilience in the face of changing market conditions. The combined company will also benefit from the expertise and successful track records of industry leaders such as Ross Beaty and Featherstone Capital (Blayne Johnson and Doug Forster), who will serve on the board of directors, providing valuable guidance and leadership.

The strategic combination of Equinox Gold and Calibre Mining aligns with a cautious and strategic approach to investing, focusing on risk management, market trends, and asset allocation. By diversifying production, leveraging the expertise of industry leaders, and maintaining a strong financial position, New Equinox Gold is well-positioned to manage risks, improve operational efficiency, and enhance its long-term sustainability. Investors can adapt to these evolving conditions by focusing on gold mining companies with strong growth prospects, robust M&A pipelines, strong free cash flow generation, expansion projects and exploration upside, and a commitment to ESG and sustainability.