December 16, 2019 / 12:18 PM / 8 months ago

Equinox Gold to acquire Leagold for about $578 mln

Dec 16 (Reuters) - Canada’s Equinox Gold Corp will buy rival Leagold Mining Corp for C$769.3 million ($578.38 million), the company said on Monday, the latest addition to the increasing number of mergers in the gold mining industry.

Equinox said Leagold shareholders will receive an at-market consideration of C$2.70 per share as part of the deal, the same as Leagold’s closing price on Friday. ($1 = 1.3301 Canadian dollars) (Reporting by Shariq Khan in Bengaluru; editing by Uttaresh.V)

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