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Equinox Gold Acquires Calibre, Strengthening Leadership Across the Americas

Metals and Mining

Business Honor
17 June, 2025

Equinox Gold acquires Calibre to expand its portfolio and to strengthen leadership across the Americas with innovation and sustainability.

Calibre Mining Corp. is acquired by Equinox Gold Corp. (EQX) to strengthen the company's activities across the Americas. With important properties including the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland & Labrador, Equinox Gold is currently the second-greatest gold miner in Canada as the outcome of this merger. By the end of the third quarter of 2025, the Valentine mine will begin to produce gold.

The contract connects Calibre's activities in Nicaragua and Nevada with Equinox's mines in the US, Mexico, and Brazil. This allows the company to grow more powerful and more capable for future success through creating various portfolios that extend to five countries. Improving productivity and improving the company's capital investment are further goals of the merger.

Shares of Equinox Gold will be distributed to Calibre shareholders, and the company's stock will be taken from the Toronto Stock Exchange. By combining supporting companies and advancing project development, the deal is predicted to produce strong value over time for shareholders. With a new executive team that includes Darren Hall as president and COO, Peter Hardie as CFO, and Greg Smith as CEO. Four former Calibre executives had been added to the board with the goal to provide a smooth transition and unified approach.

Under the leadership of an expertise group and Ross Beauty, Equinox Gold combines a varied portfolio with focused execution. It is positioned for effective development along with accountable leadership in the North and Latin American gold mining industries by adopting innovation and sustainability.