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Equinox Gold and Orla Mining have completed their business combination, creating a North American gold producer expected to produce approximately 1.1 million ounces annually, with a development pipeline offering a path to more than 1.9 million ounces.
Equinox Gold and Orla Mining have completed their previously announced business combination, bringing together a portfolio of producing mines and North American growth projects.
The combined company is anticipated to produce approximately 1.1 million ounces of gold annually, with a path to more than 1.9 million ounces as its development projects advance.
More than 60 per cent of production will come from three long-life mines in Canada, complemented by a wider portfolio of operations and growth projects.
Ross Beaty has stepped down as Chairman of the Board and has been appointed Chairman Emeritus and Special Advisor to the Board. Chuck Jeannes has been appointed incoming Chairman.
Ross Beaty, retiring Chairman of Equinox Gold, stated: “When we founded Equinox Gold just over eight years ago, we set out to build a company that would become a leading gold producer. It has been immensely rewarding to see that vision take shape, culminating in our combination with Orla, which now positions Equinox Gold as a senior gold mining company with tremendous potential for further growth.
While I am stepping down as Chairman, I am not stepping away, and I look forward to contributing to the company’s continued success as Special Advisor to the Board. I want to sincerely thank my fellow directors, our employees, our shareholders, and the communities where we operate for their trust and support. Building companies is always a team effort. I am proud of what we have accomplished together and excited to see the Company continue to grow, create value, and seize the opportunities ahead.”
CEO Succession Planned for October
Darren Hall will retire from Equinox Gold effective 31 October 2026. Hall will work with Jason Simpson over the next three months before Simpson assumes the role of Chief Executive Officer.
Darren Hall, CEO of Equinox Gold, commented: “Building Equinox Gold into a senior producer has been the privilege of my career. I am proud of what this team has accomplished together, and am confident Jason will lead the company through an exceptional next chapter. This is the right moment for this transition, and I leave knowing the Company is in very good hands.”
Chuck Jeannes, incoming Chairman of Equinox Gold, commented: “The completion of this combination marks the beginning of an exciting new chapter for Equinox Gold. Together, we have created North America’s new senior gold producer with over 60% of production coming from three long-life mines in Canada, complemented by a portfolio of high-quality operations, a compelling pipeline of growth projects and the financial strength to create long-term value for all shareholders. I am honoured to assume the role of Chairman at this important moment in the Company’s evolution.”
Equinox Gold Prepares for Next Growth Phase
Equinox Gold plans to provide further information about the benefits of the transaction, including consolidated 2026 guidance, alongside its second-quarter financial and operating results.
Following completion of the combination, the company also intends to delist Orla shares from the Toronto Stock Exchange and NYSE American Stock Exchange and terminate Orla’s public company reporting requirements as soon as possible.
This article was produced by the editorial team at Mining Outlook and published as part of the Outlook Publishing global network of B2B industry magazines.
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