Trek Mining, NewCastle Gold and Anfield Gold’s Business Combination to Create Equinox Gold

Veirano Advogados, FFA Legal and Pinheiro Neto advised on the deal

Trek Mining Inc., NewCastle Gold Ltd. and Anfield Gold Corp. signed a definitive agreement to combine their businesses. The combined entity intends to operate under the name Equinox Gold Corp. and expects to trade on the TSX Venture Exchange under the ticker symbol “EQX”. Led by Ross Beaty as Chairman, and the executive team led by Christian Milau as CEO and Greg Smith as President, Equinox Gold will be a well-financed gold mining company with a near-term strategy to become a profitable, multi-asset, low-cost gold producer. Shareholders of Trek Mining and NewCastle Gold will each own 44% of Equinox Gold, with Anfield Gold shareholders owning 12%.

Upon completion of the Transaction, Equinox Gold will own 100% of two past-producing gold mines: Aurizona in Maranhão, Brazil and Castle Mountain in California, USA. A July 2017 feasibility study for Aurizona outlined the design of an open-pit gold mine producing on average approximately 136,000 ounces of gold per year with an initial 6.5-year mine life and significant exploration upside. Initial capital to fund construction and commissioning is estimated at US$130.8 million with all-in-sustaining costs estimated at US$754 per ounce.1 Early works construction has commenced at Aurizona and orders have been placed for long-lead items, with first gold pour planned for late 2018. At Castle Mountain, a pre-feasibility study is underway to assess a two-phase approach to resuming production before the end of 2020.

Veirano advised Trek Mining with Pedro Andrés Garcia (Picture), Manuela Bins Comette.

FFA Legal Ltda. advised Anfield Gold Corp. with Luis de Azevedo, Ianê Pitrowsky Rocha, Rodrigo Simões Lessa and João Pedro Pimenta-Bueno.

Pinheiro Neto advised NewCastle Gold Ltd. with Carlos Vilhena and Adriano Drummond Trindade.

 

Involved fees earner: Luis Mauricio Ferraiuoli de Azevedo – FFA Legal ; Ianê Pitrowsky Rocha – FFA Legal ; Rodrigo Simões Lessa – FFA Legal ; João Pedro Pimenta-Bueno – FFA Legal ; Pedro Andrés Garcia – Veirano Advogados; Manuela Bins Comette – Veirano Advogados; Carlos Vilhena – Pinheiro Neto; Adriano Drummond Trindade – Pinheiro Neto;

Law Firms: FFA Legal ; Veirano Advogados; Pinheiro Neto;

Clients: Trek Mining Inc.; Anfield Gold Corp.; NewCastle Gold Ltd.;

 

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Author: Ambrogio Visconti.