Equinox Gold (ASE) (TSE:EQX) has released an update.
Equinox Gold Corp. has successfully acquired the final 40% stake in the Greenstone Gold Mine GP Inc., achieving full ownership and strengthening its position with a $500 million capital infusion via a three-year term loan. This strategic move by the company is expected to advance the Greenstone Mine towards commercial production, harnessing its potential as a significant, low-cost gold mining operation in Ontario, Canada. President and CEO Greg Smith expressed gratitude to Orion Mine Finance Management LP for their past support and anticipates delivering value to stakeholders through this consolidated ownership.
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