Equinox Gold to Combine With Orla Mining

Paul, Weiss is advising Equinox Gold Corp. in its acquisition of Orla Mining Ltd., creating a new North American senior gold producer with approximately 1.1 million ounces of expected annual gold production and an $18.5 billion implied market capitalization. Under the terms of the deal, Equinox will acquire all issued and outstanding common shares of Orla under a court-approved plan of arrangement. The combined company, which will continue under the name Equinox Gold Corp., will be anchored by three long-life Canadian gold mines, with a clear path to more than 1.9 million ounces of annual gold production from an internally funded North American growth pipeline.

Upon completion of the deal, expected in the third quarter of 2026, existing Equinox shareholders and former Orla shareholders will own approximately 67% and 33% of the outstanding common shares of the combined company, respectively, on a fully diluted in-the-money basis.

The Paul, Weiss team is led by corporate partners Christopher Cummings and Adam Givertz, and includes litigation partners Harris Fischman and Ian Richardson; and tax partner Matthew Jordan.