Trek Mining, NewCastle Gold and Anfield Gold have signed a definitive agreement to combine their businesses into a new company to be called Equinox Gold Corp. The three Canadian companies have assets in both North and South America. After the transaction closes, Trek and NewCastle shareholders will each own 44% of Equinox, while Anfield shareholders will own 12%.
Ross Beaty, chairman and founder of Pan American Silver, will be chairman of Equinox and will invest approximately $20 million in the new company to acquire an approximate 11% interest.
