CMOC acquires Brazil gold mines for US$1.015B

On January 23, 2026 CMOC Limited ("CMOC") acquired 100% of the interest in the Aurizona Mine, RDM Mine and Bahia Complex located in Brazil from Equinox Gold Corp. for total consideration of US$1.015 billion, including a US$900 million upfront payment and a contingent payment of up to US$115 million based on sales volume during the first year following closing.

McCarthy Tétrault LLP advised CMOC, with a team led by Roger Taplin, Shawn Doyle and Gerald Gaunt and that included Thomas Fung, Declan Sakuls, Emma Good and Adam Berk (Corporate), Matt Kraemer, Drew Morier and Camille Belanger (Tax), Jason Gudofsky, Madison Bruno (Regulatory), Kimberly Howard, Una Radoja and Kevan Hankowski (Environmental; Litigation), and Jenna Clark and Josh Friedman (Financing).