Equinox Gold holds a July 22 meeting to approve issuing 421.8 million shares in a 1:1 Orla Mining acquisition, giving investors 67% of the merged firm. Pro forma entity is projected to produce 1.1 million ounces with 23 million ounces of reserves and generate $1.4 billion of free cash flow.
Equinox Gold will hold a special meeting of shareholders on July 22, 2026 at 9:00 am Vancouver time to vote on the proposed business combination with Orla Mining. Shareholders must vote by proxy by 9:00 am (Vancouver time) on July 20 to approve the share issuance resolution, with the board unanimously supporting a FOR vote.
The resolution authorizes issuing up to 421,770,377 new Equinox Gold common shares in exchange for all outstanding Orla Mining shares at a 1.00:1.00 ratio plus US$0.0001 in cash per Orla share. Approval requires a simple majority of votes cast in person or by proxy.
If the arrangement is approved and completed, existing Equinox Gold shareholders will own approximately 67% of the combined company, while former Orla Mining shareholders will hold 33%, under the continuing name Equinox Gold Corp.
The combined company is expected to produce 1.1 million ounces of gold in 2026 from six North American mines, backed by about 23 million ounces of Proven and Probable reserves. It also anticipates generating $1.4 billion of free cash flow, supported by approximately $1.4 billion of total available liquidity and three Canadian mines set to produce 685,000 ounces.
