Calibre Mining and Equinox Gold Merge, Forming Major Canadian Mining Entity

Calibre Mining Co. has merged with Equinox Gold, forming a significant Canadian mining entity. The new company will produce an estimated 950,000 ounces of gold by 2025 and is exploring additional concessions in Nicaragua, particularly for Chinese companies, raising environmental concerns and impact on indigenous lands.

Calibre Mining Co., a Canadian mining firm with operations in La Libertad and Leon, has officially merged with another Canadian entity, Equinox Gold. This strategic merger will result in the formation of New Equinox Gold, making it the second-largest mining company in Canada based on their collective investments. As part of their operations, Calibre currently manages mines in Nicaragua through its subsidiaries, Triton Minera and Desarrollo Minero de Nicaragua, S.A.

The merger between Calibre Mining and Equinox Gold represents a significant development in the Canadian mining sector, particularly with its operations in Nicaragua. The increasing gold prices and new mining concessions raise concerns about their impact on local communities and the environment, particularly related to mining activities awarded to Chinese firms.

Original Source: havanatimes.org