https://newsletter.mw.creamermedia.com
Financial|Flow|generation|Gold|Flow|Operations
Financial|Flow|generation|Gold|Flow|Operations
financial|flow-company|generation|gold|flow-industry-term|operations

Equinox pays down more debt as it sells Brazil ops for $1bn

The RDM mine

The RDM mine

23rd January 2026

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Toronto-listed Equinox Gold will pay down a further $800-million in debt, reducing its net debt to about $150-million, significantly lowering its interest expense. 

This comes as the company completed the sale of its Aurizona mine, RDM mine and Bahia Complex located in Brazil to a subsidiary of the CMOC Group for total consideration of up to $1.015-billion. Equinox Gold received cash proceeds of $900-million, before closing adjustments, and will receive a production linked contingent cash payment of up to $115-million on January 23, 2027.

Equinox said it would fully repay its $500-million term loan, pay $300-million to extinguish the Sprott loan and related obligations, and make a payment on its revolving credit facility. 

“Monetizing the Brazil operations has streamlined our portfolio and transformed our balance sheet. Equinox Gold is now well established as a leading North America-focused gold producer, with greater financial flexibility to self-fund high return, near-term organic growth opportunities and consider capital return initiatives," said CEO Darren Hall.

He added that Equinox's development pipeline has the potential to add 450 000 oz/y to 550 000 oz/y of incremental gold production in the coming years.

"With a strengthened balance sheet and 2026 consolidated gold production guidance of 700 000 to 800 000 oz providing robust cash flow generation, we are well positioned to deliver stronger per-share value for our shareholders.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (20/03/2026)
6th March 2026 By: Martin Creamer
Platinum demand, hydrogen economy make headlines
Platinum demand, hydrogen economy make headlines
6th March 2026
Magazine round up | 06 March 2026
Magazine round up | 06 March 2026
6th March 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:0.057 0.142s - 123pq - 2rq
Subscribe Now