Equinox Gold

Equinox Gold said its combination with Orla Mining creates a larger North American producer and raised 2026 consolidated production guidance to 870,000–920,000 ounces (about 1.1 million pro forma). The board approved a 50% dividend increase to $0.09 per share and management reported $650 million cash, roughly $214 million net cash and about $1.2 billion available liquidity. Operational improvements at Valentine and Greenstone supported the outlook, the company approved full funding for Valentine Phase II, and President Jason Simpson will succeed retiring CEO Darren Hall. » Mere på finance.yahoo.com

Equinox Gold sold 8,713,000 common shares of Versamet in a block trade for gross proceeds of C$130 million. Before the sale Equinox Gold held 11,617,915 Versamet shares (about 10.7%); after the sale 2,904,915 shares remain (about 2.7%). With the drop below 10% Versamet’s pre-emptive right ends and Equinox Gold is no longer subject to ongoing early warning or insider reporting obligations; the remaining stake will be held for investment purposes. » Mere på de.investing.com

Equinox Gold reached 20-year land access agreements with Carrizalillo, Mezcala and Xochipala, enabling a gradual restart of heap leach operations and further studies on a potential carbon-in-leach processing facility at Los Filos. ATB Cormark analyst Richard Gray reiterated a Buy rating and raised the price target from $20.40 to $21.11, implying roughly 108% upside from current levels and aligning with the median Wall Street target. CEO Darren Hall highlighted the agreements as a foundation for long-term community relationships and future investment. » Mere på finance.yahoo.com