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Equinox Gold agrees to sell Brazilian mines to China Molybdenum for $1.01 billion, closing in early 2026.
Equinox Gold has agreed to sell its Brazilian mining assets to China Molybdenum Company (CMOC) for $1.01 billion in a deal expected to close in early 2026, marking a strategic shift for the company as it focuses on its core operations in North America.
The transaction includes several gold mines and related infrastructure in Brazil.
Equinox Gold’s stock rose following the announcement, reflecting investor optimism about the company’s revised focus and improved financial position.
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Equinox Gold acepta vender las minas brasileñas a China Molybdenum por $ 1.01 mil millones, cerrando a principios de 2026.