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The deal creates a larger, diversified North American gold producer with meaningful production, reserves, and free cash flow, plus regulatory approvals underway. A successful close and favorable terms could re-rate ORLA/EQX implied value, while closing risk remains.
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Orla Mining has filed for a special meeting to approve its arrangement with Equinox Gold, detailing a 1-for-1 share exchange and a nominal cash component. The board unanimously recommends voting FOR, and an interim court order enables the meeting with a final order targeted around late July. The merged group would produce about 1.1 Moz of gold annually with 23 Moz of reserves and about $1.4 billion in free cash flow in 2026, supported by a strong liquidity position and experienced leadership.
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