China Molybdenum to Acquire Brazilian Gold Mines from Equinox Gold for $1.015 Billion

Reuters12-15

China Molybdenum to Acquire Brazilian Gold Mines from <a href="https://laohu8.com/S/EQX">Equinox Gold</a> for $1.015 Billion

China Molybdenum Co. Ltd. (CMOC) has agreed to acquire 100% of the Aurizona Mine, RDM Mine, and Bahia Complex from Equinox Gold Corp. for a total consideration of $1.015 billion. The deal includes a $900 million upfront payment and a contingent payment of up to $115 million based on sales volume during the first year following closing. The assets, located in Brazil, comprise a total resource of 5.013 million ounces of gold and reserves of 3.873 million ounces, with gold production in 2024 reported at 247,300 ounces. Closing is expected in the first quarter of 2026, subject to customary conditions. CMOC's chairman highlighted that the transaction strengthens the company's gold portfolio and expands its presence in South America.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Molybdenum Co. Ltd. published the original content used to generate this news brief on December 15, 2025, and is solely responsible for the information contained therein.

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