https://www.miningweekly.com

Independent firms greenlight Equinox, Orla merger to create Canadian gold mining giant

Orla's Camino Rojo gold mine in Mexico

Orla's Camino Rojo gold mine in Mexico

13th July 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Independent proxy advisory firms, including Institutional Shareholder Services, have issued positive voting recommendations to shareholders of TSX- and NYSE-listed Equinox Gold Corporation for the proposed merger with fellow-listed Orla Mining.

Both Equinox's and Orla's boards have unanimously recommended that shareholders vote in favour of the business combination arrangement.

Orla shareholders will receive one Equinox share per Orla share, leaving existing Equinox holders with 67% ownership in the $18.5-billion combined entity.

ISS says the acquisition appears to make strategic sense as it is expected to diversify Equinox's asset base, enhance strategic optionality and improve long-term production potential.

Equinox CEO Darren Hall encourages all shareholders to vote on the arrangement in advance of the voting by proxy deadline on July 20, or to attend in person or online a special meeting of shareholders on July 22. He also reaffirms the strategic rationale for the merger, saying that a merger with Orla will accelerate achievement of Equinox's growth objectives and deliver greater value to shareholders.

The merger is poised to create a new senior gold producer in North America with more than 1.1-million ounces of yearly gold production from six mines.

The merger also promises a growth profile to more than 1.9-million ounces a year.

The combined entity will be the second-largest producer of gold in Canada, with highly complementary assets in the US, Nicaragua and Mexico.

The combined free cash flow of the companies is expected to be $1.4-billion in 2026.

"The combined company can deliver advantages neither company could achieve on a standalone basis, including increased scale and liquidity, lower risk, peer-leading production growth underpinned by a sizeable mineral reserve endowment, and stronger free cash flow, providing significant re-rating potential," Hall states.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Northern Cape copper, South African PGMs make headlines
Northern Cape copper, South African PGMs make headlines
10th July 2026 By: Creamer Media Reporter
A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.
Magazine round up | 10 July 2026
10th July 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.065s - 111pq - 2rq
Subscribe Now