Equinox Gold Corp. completed its previously announced acquisition of the remaining 40% of Greenstone Gold Mine GP Inc. from certain funds managed by Orion Mine Finance Management LP, giving it 100% ownership of the Greenstone mine in Ontario, Canada. In connection with the transaction, Equinox Gold has also completed the previously announced $500 million three-year term loan.

“Closing of this transaction consolidates our ownership of the world-class Greenstone Mine, a long-life, low-cost gold mine of significant scale in a top-tier mining jurisdiction,” said Greg Smith, president and CEO of Equinox Gold. “We again thank Orion for their partnership and support over the last few years and look forward to delivering value to all our stakeholders as we advance the Greenstone Mine towards commercial production.”