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CMOC Group Acquires Equinox Gold's Brazilian Assets for $1B

12/15/2025

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Summary

Story summary

CMOC Group will acquire Equinox Gold's Brazilian operations for US$1 billion, gaining full ownership of Leagold LatAm Holdings and Luna Gold.
Equinox will receive US$900 million in cash and a potential US$115 million contingent payment.
CMOC's shares rose 3.4% in Hong Kong as gold prices surged nearly 66% this year.
Chairman Liu Jianfeng said CMOC remains focused on long-term growth in gold.

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Story summary

CMOC Group will acquire Equinox Gold's Brazilian operations for US$1 billion, gaining full ownership of Leagold LatAm Holdings and Luna Gold.
Equinox will receive US$900 million in cash and a potential US$115 million contingent payment.
CMOC's shares rose 3.4% in Hong Kong as gold prices surged nearly 66% this year.
Chairman Liu Jianfeng said CMOC remains focused on long-term growth in gold.