Equinox Gold Corp. (AMEX:EQX) stock rose Monday after the company disclosed an agreement to sell its full ownership of the Aurizona Mine, RDM Mine, and Bahia Complex in Brazil (collectively, the “Brazil Operations”) for $1.015 billion.

Deal Structure And Transaction Terms

The company sold the Brazil Operations to a subsidiary of CMOC Group. As per the deal, Equinox Gold will receive $900 million in cash at closing, subject to customary adjustments.

The company may also receive a production-based contingent payment of up to $115 million one year after closing, provided specific production milestones are achieved.

If production falls between 200,000 and 280,000 ounces, the contingent payment will equal 12.5% of revenue. If production reaches or exceeds 280,000 ounces, the full $115 million will be payable.

The sale is expected to close in the first quarter of 2026, pending regulatory approvals ...