Equinox Gold Corp. announced the sale of its 100% interest in the Pan Mine, Gold Rock Project, and Illipah Project, all located in Nevada, for $115 million. The buyer is Minera Alamos Inc.
This divestiture represents a strategic move by Equinox Gold to optimize its portfolio and concentrate its human and financial capital on its core opportunities. The transaction is expected to enhance the company's financial flexibility.
The sale of these non-core assets generates significant cash proceeds, which can be utilized for debt reduction, investment in higher-priority growth projects, or other corporate purposes, thereby strengthening the company's balance sheet.
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