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EQX - Equinox Gold News Story

$8.43 -0.2  -2.5%

Last Trade - 12/05/21

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.82bn
Enterprise Value £2.01bn
Revenue £666.3m
Position in Universe 1997th / 6853

Equinox Gold to buy Premier Gold Mines in $479.9 mln deal

Wed 16th December, 2020 11:47am
Dec 16 (Reuters) - Canadian miner Equinox Gold Corp  EQX.TO 
said on Wednesday it would buy Premier Gold Mines Ltd  PG.TO  in
an all-stock deal valued at C$611.7 million ($479.9 million) and
simultaneously spin-out Premier's U.S. production assets.
    According to the deal, Premier shareholders will receive
0.1967 of an Equinox share for each share held and 0.4 of a
share in the spin-out company i-80 Gold Corp.  urn:newsml:reuters.com:*:nCNW4mjBpa
    
($1 = 1.2746 Canadian dollars)

 (Reporting by Arunima Kumar in Bengaluru; Editing by Amy Caren
Daniel)
 ((Arunima.Kumar@thomsonreuters.com;))
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