Equinox gold announces agreement to sell its mercedes gold mine

All dollar amounts are expressed in us$ vancouver, bc, dec. 17, 2021 /prnewswire/ - equinox gold corp. (tsx: eqx) (nyse american: eqx) ("equinox gold" or the "company") is pleased to announce that it has entered into a definitive agreement to sell its mercedes gold-silver mine in mexico ("mercedes") to bear creek mining corporation (tsxv: bcm) ("bear creek") (the "transaction") for aggregate consideration of: $100 million in cash, payable as follows: $75 million on closing of the transaction; and $25 million payable within six months of closing of the transaction. 24,730,000 common shares of bear creek valued at approximately $25 million based on current trading prices; and a 2% net smelter return payable on production from mercedes.
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