Deal values Orla at $3.6B and creates a North American gold producer with 1.1M ounces of annual output.
Equinox Gold will acquire Orla Mining in a mostly stock transaction valued at $3.6 billion, forming a senior North American gold producer. The combined entity is expected to produce approximately 1.1 million ounces of gold annually.
Orla Mining shares rose 5% in pre-market trading following the announcement. The deal marks a consolidation in the gold sector, reflecting ongoing efforts to scale production amid stable gold prices.
No immediate market reaction details were provided beyond the pre-market move in Orla shares.