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Equinox Gold Completes Acquisition of Premier Gold Mines, i-80 Gold Created
April 7, 2021 GMT
VANCOUVER, BC, April 7, 2021 /PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Company”) has completed its acquisition of Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) (“Premier”), adding Premier’s interest in the construction-ready Hardrock Project in Ontario, Canada, the producing Mercedes Mine in Mexico, and the Hasaga and Rahill-Bonanza exploration properties in Ontario to the Company’s existing portfolio of gold assets. Going forward, Hardrock will be called the Greenstone Project, a name that is well recognized in the region and supported locally. In connection with the acquisition, the spin-out of i-80 Gold Corp. (“i-80 Gold”), a newly created company holding Premier’s gold projects in Nevada, USA, was also completed. Equino
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Premier unveils top-level team for spun-off i-80 Gold
Premier’s McCoy-Cove property is located in the Battle Mountain trend in north Nevada. (
Canada’s Premier Gold Mines (TSX: PG) has picked the management team for new US-focused gold miner i-80 Gold Corp, a company formed as part of the C$612 million ($478m) acquisition of Premier by Equinox Gold (TSX, NYSE: EQX).
The friendly takeover, announced in December, proposed consolidating Premier’s gold asset in Nevada under a new entity, headquartered in Reno.
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Key members of i-80 announced Monday include Ewan Downie as chief executive officer and director; Ron Clayton in the chairman of the board post and Matthew Gili as the president and chief operating officer.