VANCOUVER — Equinox Gold Corp. and Orla Mining Ltd. have signed a deal to combine operations in a deal that will create a gold miner with about 1.1 million ounces of annual production.
The combined company will have operating mines in four countries including Orla’s Musselwhite mine in Ontario, and Equinox’s Greenstone mine in Ontario and Valentine mine in Newfoundland and Labrador.
Under the agreement, Orla shareholders will receive one Equinox common share and a nominal cash payment of 0.01 of a cent US for each Orla common share held.
Equinox shares closed at C$20.28 on the Toronto Stock Exchange on Tuesday, while Orla shares closed at C$19.77.
Equinox shareholders will hold about 67 per cent of the combined company, which will continue under the Equinox name, while former Orla shareholders will own about 33 per cent.
Equinox chief executive Darren Hall will remain in the role, while Orla chief executive Jason Simpson will be president of the combined company.
This report by The Canadian Press was first published May 13, 2026.
