RE:RE:RE:WowStockwrestler: Last spring they bought the remaining 40% of Greenstone to own 100%. They didn't pay it off last spring. The purchase was financed as follows: Under the terms of the SPA, Equinox Gold will pay $995 million to acquire Orion’s 40% interest in Greenstone, payable as follows:
- 42.0 million common shares of Equinox Gold valued at $250 million;
- $705 million in cash payable on closing; and
- $40 million in cash payable by December 31, 2024
The $705 million in cash was partially financed by a 3 year $500 Million Dollar Loan which has not been paid off.
As a side note EQX did not meet their guidance in ounces of gold produced for 2024.