Equinox gold sells pilar gold mine

All dollar amounts are expressed in us$ vancouver, bc, april 19, 2021 /prnewswire/ - equinox gold corp. (tsx: eqx) (nyse american: eqx) ("equinox gold" or the "company") is pleased to announce that the company has sold its pilar gold mine in brazil to pilar gold inc. for aggregate consideration of: $38 million in cash, payable as follows: $10.5 million on closing, which has been received; $10 million payable on or before may 31, 2021; and $17.5 million payable on or before july 31, 2021. a 9.9% equity interest in pilar gold inc.; and a 1% net smelter returns royalty on production from the pilar gold mine.
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