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China Molybdenum Acquires Brazilian Gold Mines for $1 Billion

1/28/2026

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Summary

Story summary

China Molybdenum Company Limited (CMOC) agreed to acquire Aurizona, Riacho dos Machados, and Complexo Bahia gold mines in Brazil for about US$1 billion.
CMOC gained operational control on January 23 after Brazilian regulators approved the transfer.
Equinox Gold Corp will receive US$900 million at closing, with up to US$115 million more based on performance.
CMOC already operates in niobium and fertilizers in Brazil and seeks sustainable growth.

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Story summary

China Molybdenum Company Limited (CMOC) agreed to acquire Aurizona, Riacho dos Machados, and Complexo Bahia gold mines in Brazil for about US$1 billion.
CMOC gained operational control on January 23 after Brazilian regulators approved the transfer.
Equinox Gold Corp will receive US$900 million at closing, with up to US$115 million more based on performance.
CMOC already operates in niobium and fertilizers in Brazil and seeks sustainable growth.