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Stock impact report

China's $1 Billion Gold Grab: CMOC's Bold Bet on Brazil Could Reshape the Precious Metals Game [Yahoo! Finance]

Equinox Gold Corp. Common Shares (EQX) 
Company Research Source: Yahoo! Finance
roughly $1 billion agreement to acquire the Brazilian operations of Equinox Gold Corp ( EQX ). According to an exchange filing on Monday, CMOC will take full ownership of Leagold LatAm Holdings BV and Luna Gold Corp., entities that control several mines and deposits in Brazil. The transaction is structured with $900 million in cash payable to Equinox, alongside a contingent payment of up to $115 million one year after closing, suggesting a deal design that balances immediate scale with longer-term performance considerations. Warning! GuruFocus has detected 11 Warning Signs with EQX. Is EQX fairly valued? Test your thesis with our free DCF calculator. The move appears to align with CMOC's broader growth trajectory across global metals markets. The Chinese miner overtook Glencore as the world's largest cobalt producer in 2023 and continues to benefit from strong pricing across copper markets, where it also holds significant assets. Earlier this year, CMOC indicated that mergers an Show less Read more
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