Equinox Gold Corp. agreed to acquire Calibre Mining Corp. in a C$2.6 billion ($1.8 billion) all-stock deal that will give it additional production of the precious metal in the US and Nicaragua.

Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Calibre Mining (TSX:CXB,OTCQX:CXBMF) have entered into a definitive arrangement agreement to merge, creating a major diversified gold producer in the Americas.

Equinox Gold (TSX: EQX) (NYSE American: EQX) has agreed to acquire Calibre Mining (TSX: CXB) in a C$2.6 billion ($1.8 billion) all-stock deal. The combined company is expected to become Canada’s second-largest gold producer.

Mining companies Equinox Gold and Calibre Mining on Monday announced a definitive agreement for an at-market business combination that would create a new diversified gold producer in the Americas. Under the arrangement,

Equinox Gold Corp. has signed an all-stock deal to acquire Calibre Mining Corp. and its Valentine gold mine in Newfoundland and Labrador in a proposal that values the company at about $2.6 billion.