Equinox to buy junior miner Premier Gold in all-stock deal worth $612-million Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Equinox Gold Corp. Equinox is buying Premier Gold Mines Ltd. Premier in an all-stock takeover transaction worth about $612-million that should result in a stalled gold mining project in Ontario finally moving forward.
Like many transactions announced in the gold industry over the past few years, this one sees only a small premium being paid by the acquirer.
Equinox Gold Corp. signs all-stock deal to acquire Premier Gold Mines Ltd.
by The Canadian Press
Last Updated Dec 16, 2020 at 7:12 am EDT
VANCOUVER Equinox Gold Corp. has signed a friendly agreement to acquire Premier Gold Mines Ltd. which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.
Under the deal, Equinox Gold will acquire Premier’s interest in the Hardrock Project in Ontario, the Mercedes Mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ont.
Premier’s South-Arturo and McCoy-Cove properties will be held by i-80 Gold, which will also complete Premier’s previously announced acquisition of the Getchell Project, all in Nevada.
Equinox Gold signs all-stock deal to acquire Premier Gold Mines
The Canadian Press VIDEO SIGN OUT
VANCOUVER - Equinox Gold Corp. has signed a friendly agreement to acquire Premier Gold Mines Ltd. which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.
Under the deal, Equinox Gold will acquire Premier s interest in the Hardrock Project in Ontario, the Mercedes Mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ont.
Premier s South-Arturo and McCoy-Cove properties will be held by i-80 Gold, which will also complete Premier s previously announced acquisition of the Getchell Project, all in Nevada.
The Equinox Gold Corp. logo is shown in a handout. THE CANADIAN PRESS/HO December 16, 2020 - 6:25 AM
VANCOUVER - Equinox Gold Corp. has signed a friendly agreement to acquire Premier Gold Mines Ltd. which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.
Under the deal, Equinox Gold will acquire Premier s interest in the Hardrock Project in Ontario, the Mercedes Mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ont.
Premier s South-Arturo and McCoy-Cove properties will be held by i-80 Gold, which will also complete Premier s previously announced acquisition of the Getchell Project, all in Nevada.
Market movers: Stocks that saw action on Wednesday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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A roundup of some of the North American equities making moves in both directions today
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