On June 17, 2025, Calibre Mining Corp. and Equinox Gold Corp. completed a business combination by court-approved plan of arrangement pursuant to which Equinox Gold acquired all of the issued and outstanding common shares of Calibre in exchange for common shares of Equinox, with an implied transaction value of approximately $2.56 billion.
The transaction creates an Americas-focused diversified gold producer with a portfolio of operating mines in five countries anchored by two high-quality, long-life, low-cost Canadian gold mines.
Cassels acted for Calibre.