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Financial|Flow|generation|Gold|Flow|Operations
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Equinox pays down more debt as it sells Brazil ops for $1bn

The RDM mine

The RDM mine

23rd January 2026

By: Duane Newman

     

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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

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Magazine round up | 23 January 2026
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