en.Wedoany.com Reported - The merger between Canadian mining company Orla Mining and Equinox Gold Corp. is progressing as planned, with completion expected in the third quarter of 2026. The transaction was first announced on May 13, 2026, and is still subject to customary closing conditions, including shareholder approval, court authorization, and clearance from Mexico's competition regulator.

Under the strategic agreement, Equinox Gold will complete the merger by acquiring all shares of Orla Mining. Upon completion, existing Equinox Gold shareholders will hold approximately 67% controlling interest in the combined company, while Orla investors will hold the remaining 33%. The new company will continue to operate under the name Equinox Gold Corp., with an implied market capitalization of approximately $18.5 billion. The merged mining enterprise will have a portfolio of active operations across four countries.

On the legal and regulatory front, significant progress has been made recently. Orla Mining has received an interim order from the Supreme Court of British Columbia to convene a special shareholder meeting, scheduled for July 22, 2026. Following the shareholder vote, the company expects to apply for a final court approval order around July 28. Additionally, Canada's competition regulator has issued a no-action letter, confirming it will not intervene in the merger transaction, in compliance with Canadian regulatory requirements.