Equinox Gold Acquires Additional 10% of Hardrock Project in Ontario, Canada, Increasing Stake to 60%
all financial figures in US dollars, unless otherwise indicated
VANCOUVER, BC, March 1, 2021 /PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce that the Company has entered into an agreement with an affiliate of the Orion Mine Finance Group ("Orion") to acquire 10% from Orion's current interest in the Hardrock Mine Project (the "Hardrock Project") for consideration of $51 million plus certain contingent payment obligations (the "Hardrock Transaction").
The Hardrock Project is a multi-million-ounce, fully permitted, construction-ready gold project located in Ontario, Canada and currently owned 50% by Orion and 50% by Prem
