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Equinox Gold bids C$7 billion for Orla Mining to create Canada's second-largest gold producer
By Andrew Willis
The Globe and Mail, Toronto
Wednesday, May 13, 2026
https://www.theglobeandmail.com/business/industry-news/energy-and-resour...
Equinox Gold Corp. is bidding to join the ranks of North America's largest gold producers with an all-stock, C$7 billion offer for Orla Mining Ltd. pitched with zero takeover premium.
Equinox is offering to buy Orla gold properties in Ontario, Nevada, Mexico, and Panama by swapping one of its own shares and a nominal amount of cash for each Orla share. Equinox owns mines in Ontario and Newfoundland and would become the country's second-largest gold producer, behind Agnico Eagle Mines Ltd., if the deal is approved.
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Two of Orla's largest shareholders, financier Pierre Lassonde and Fairfax Financial Holdings Ltd., and the company's executives and directors pledged to vote their 20% holding in favour of the Equinox offer.
"Today is an incredibly exciting day for both Equinox and Orla shareholders as we announce a business combination that creates a senior North American gold producer," Equinox chief executive officer Darren Hall said. ...
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