EQX - Equinox Gold buys additional 10% stake in Hardrock project

Equinox Gold (EQX) agrees to acquire a 10% interest in the Hardrock mine project in Ontario from Orion Mine Finance Group for $51M plus contingent payments.Hardrock is a 240K oz./year, fully permitted, construction-ready gold project, currently owned 50% by Orion and 50% by Premier Gold Mines (PIRGF).Equinox will acquire a 50% stake in the Hardrock project upon completion of its pending acquisition of Premier, which will raise its interest to 60%.The Hardrock project was the main reason for the Premier acquisition and is the "right size" for Equinox Gold, Fun Trading writes in a neutral analysis posted recently on Seeking Alpha.

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Equinox Gold buys additional 10% stake in Hardrock project