Equinox Gold Corp. (NYSEAMERICAN:EQX) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On August 7, Equinox Gold Corp. (NYSEAMERICAN:EQX) announced that it is selling its 100% interest in the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada to Minera Alamos Inc. for $115 million.
According to the report by Equinox Gold Corp. (NYSEAMERICAN:EQX), this deal is expected to close in the fourth quarter of 2025.
Aerial view of a large-scale gold mine, showing the extent of the company’s operations.
Equinox Gold Corp.’s (NYSEAMERICAN:EQX) management pointed out that this sale of non-core assets is part of the company’s plan to optimize its portfolio and focus on its core business.
The company expects this transaction will simplify its business, strengthen the balance sheet, and allow the team to focus its efforts and capital on core operations and key development opportunities.
Equinox Gold Corp. (NYSEAMERICAN:EQX) is a Canadian mining company focused on gold operations in Canada and across the Americas.
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Disclosure: None. This article is originally published at Insider Monkey.
