Canadian miner Equinox Gold has entered a definitive arrangement agreement with Calibre Mining for an at-market business combination, with Equinox acquiring all issued and outstanding common shares of Calibre.

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 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.

With 100% ownership of Greenstone and Valentine, New Equinox Gold will become the second-largest gold producer in Canada, the companies said. The combined company is expected to produce approximately 950,000 ounces of gold in 2025, not including production from Valentine or Los Filos.

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.

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.