ORLA MINING acquired by EQUINOX GOLD

Equinox Gold acquired all issued and outstanding common shares of Orla Mining from public shareholders in an all-stock statutory plan of arrangement completed on 31 July 2026. Under the terms of the transaction, Orla Mining shareholders received one Equinox Gold common share and a nominal cash payment for each common share held, resulting in former Equinox Gold equity holders owning approximately 67% and former Orla Mining equity holders owning approximately 33% of the combined company. Orla Mining reported revenue of $1–10bn, EBITDA of $450–900M, and an EBITDA margin of [members only]. At the time of the transaction, Orla Mining operated primary mining assets in Mexico and Canada alongside exploration properties in the United States. The combined operating group continued under the Equinox Gold corporate identity, consolidating production infrastructure, processing mills, and development tracts spanning Canada, Mexico, the United States, and Brazil. Ross Beaty stepped down as board chairman to become chairman emeritus, while Chuck Jeannes took over board leadership and Jason Simpson assumed chief executive responsibilities following the retirement of Darren Hall. BMO Capital Markets and CIBC World Markets acted as financial advisors to Equinox Gold, with Blake, Cassels & Graydon serving as Canadian legal advisor and Paul, Weiss, Rifkind, Wharton & Garrison acting as United States legal advisor. Trinity Advisors Corporation and Scotiabank served as financial advisors to Orla Mining, with Stifel Nicolaus Canada, Edgehill Advisory, and Fort Capital providing advisory services. Cassels Brock & Blackwell and Fasken Martineau DuMoulin acted as Canadian legal advisors to Orla Mining, while Crowell & Moring acted as United States legal advisor.