Equinox Gold, Calibre Mining Prepare for Merger Vote April 24

Equinox Gold and Calibre Mining have proposed a business combination that has received strong backing from independent proxy advisory firms ISS and Glass Lewis, both recommending shareholders vote in favor of the merger. The boards and management of both companies unanimously support the deal, which aims to create a leading gold producer in the Americas with the potential to produce over 1.2 million ounces of gold annually and generate significant free cash flow. The combined entity is expected to benefit from increased scale, operational diversification, and substantial synergies, positioning it as a major player in the gold mining industry. Leadership of the new company will include Equinox's CEO Greg Smith and Calibre's CEO Darren Hall, with a board composed of six Equinox and four Calibre directors. While the merger is anticipated to deliver strong production growth and market re-rating opportunities, some risks remain, such as reliance on debt and operational challenges. The shareholder vote for both companies is scheduled for April 24, 2025, with proxy voting deadlines set for April 22.