Orla Mining to Merge with Equinox Gold Forming $18.5bn Gold Producer
ORLA•Orla Mining and Equinox Gold will merge in an all-stock deal to form a gold producer with a pro-forma enterprise value of $18.5bn. The combined company will span producing and development assets across the Americas, aiming to boost annual production and unlock cost synergies.
1. Merger Terms and Valuation
Orla Mining Ltd and Equinox Gold Corp have entered into a definitive agreement to merge in an all-stock transaction creating a combined enterprise value of $18.5 billion. The transaction is expected to close in the second half of 2026, pending customary shareholder and regulatory approvals.
2. Strategic Rationale and Outlook
Upon closing, the merged entity will operate a diversified portfolio of producing and development-stage gold assets across North and South America. Management targets enhanced annual gold production, strengthened liquidity and balance sheet, plus operational cost synergies through integrated mine planning and shared services.
