On May 13, 2024, Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) completed its acquisition of the remaining 40 percent of Greenstone Gold Mine GP Inc. from Orion Mine Finance Management LP, achieving full ownership of the Greenstone Mine in Ontario, Canada. This acquisition was part of a transaction that also included securing a $675 million (US$500 million) three-year term loan.

Greg Smith, President and CEO of Equinox Gold, emphasized the significance of this consolidation, stating that it positions Equinox Gold to fully control and advance the Greenstone Mine, which is recognized as a world-class, long-life, low-cost gold mine in a premier mining jurisdiction. Smith acknowledged Orion's partnership and support over the past years and expressed confidence in delivering value to stakeholders as the Greenstone Mine progresses towards commercial production.

Torys LLP acted as counsel to Orion Mine Finance with a team led by Mike Pickersgill and included Michael Jason, Nick Germanakos, Tia Eisner and Sarah Rimer (corporate/M&A), Craig Maurice and Steve Marshall (tax). Blake, Cassels & Graydon LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as counsel to Equinox Gold Corp.