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Equinox Gold (EQX) cuts Versamet stake to 2.7% in C$130M share sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Equinox Gold Corp. has sold 8,713,000 common shares of Versamet Royalties Corporation in a block trade for gross proceeds of C$130 million. The shares were sold to National Bank Financial Inc. in a single block transaction.

Before the sale, Equinox Gold held 11,617,915 Versamet shares, or about 10.7% of Versamet on an undiluted basis. After the sale it holds 2,904,915 shares, or about 2.7%, meaning Versamet is now a much smaller investment position. Versamet’s right of first offer on any Equinox Gold royalties or streams will terminate, and the investor rights agreement between the companies will end once Equinox Gold’s ownership remains below 10% for at least 30 days.

The company states it currently holds the remaining Versamet shares for investment purposes and may buy more, sell more, or hold its position depending on future circumstances. Because its stake has fallen below 10%, Equinox Gold will no longer be subject to ongoing early warning or insider reporting requirements for its Versamet holdings.

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Insights

Equinox Gold monetizes a royalty investment, realizing C$130M and reducing governance ties to Versamet.

Equinox Gold has sold 8,713,000 Versamet Royalties shares via a block trade for gross proceeds of C$130 million. Its ownership drops from approximately 10.7% to about 2.7%, turning a previously significant holding into a small, largely financial investment.

The transaction also unwinds strategic linkages: Versamet’s right of first offer on Equinox royalties and streams ends, and the investor rights agreement will terminate once Equinox Gold remains below 10.0% ownership for 30 days. This simplifies Equinox Gold’s optionality over future royalty or streaming deals.

Because the company describes the Versamet position as held for investment purposes, the sale looks like a capital allocation move rather than an operating change. Future company filings may clarify how the C$130 million of gross proceeds influences its balance sheet or project funding priorities.

Versamet shares sold 8,713,000 shares Block trade disposition of Versamet Royalties common shares
Gross proceeds C$130 million Aggregate gross proceeds from sale of Versamet shares
Pre-sale Versamet holding 11,617,915 shares (10.7%) Ownership immediately before the disposition, undiluted basis
Post-sale Versamet holding 2,904,915 shares (2.7%) Ownership immediately after the disposition, undiluted basis
Early warning threshold 10.0% ownership Below this level Equinox Gold is no longer subject to ongoing early warning or insider reporting
Ownership level for rights termination 10.0% for 30 days Investor rights agreement terminates once ownership stays below this for 30 days
block trade financial
"pursuant to an agreement with National Bank Financial Inc. by way of a block trade"
A block trade is a large, privately arranged sale or purchase of a company's shares or bonds between big investors, often negotiated to avoid upsetting the public market price. Think of it like selling a truckload of goods directly to one buyer instead of unloading it on a busy street — it moves a lot of supply at once and can signal shifting demand, affect immediate liquidity, and influence short-term stock prices.
National Instrument 62-103 regulatory
"pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues"
National Instrument 62-103 is a Canadian securities rule that requires public disclosure when someone builds a large ownership stake or launches a takeover attempt for a company’s shares. Think of it as a neighborhood rule that forces anyone buying a big slice of a pie to put up a sign so neighbors know a change of ownership might be coming. For investors it matters because these filings signal potential shifts in control, can move the stock price, and trigger other regulatory steps that affect trading and governance.
early warning report regulatory
"An early warning report with additional information in respect of the foregoing matters will be filed"
An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.
right of first offer financial
"Versamet’s right of first offer to acquire any royalty or stream held by Equinox Gold will be terminated"
A right of first offer is a contractual agreement that requires an owner to offer an asset or stake to a designated party before marketing it to others; the holder gets the first chance to negotiate terms directly with the seller. For investors, it matters because it can limit who can buy or set the sale price path—like getting the first invitation to buy a sought-after item before it goes on general sale, protecting potential access or controlling competition.
investor rights agreement financial
"the investor rights agreement between Equinox Gold and Versamet will automatically terminate"
A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What transaction did Equinox Gold (EQX) announce regarding Versamet Royalties?
Equinox Gold announced it sold 8,713,000 common shares of Versamet Royalties Corporation in a block trade for gross proceeds of C$130 million. The sale significantly reduced its ownership stake while monetizing part of a non-core investment position.

How did Equinox Gold’s ownership in Versamet change after the C$130 million sale?
Before the sale, Equinox Gold held 11,617,915 Versamet shares, about 10.7% of Versamet on an undiluted basis. After disposing of 8,713,000 shares, it holds 2,904,915 shares, representing roughly 2.7% of the outstanding Versamet shares.

What happens to Equinox Gold’s rights and agreements with Versamet after the sale?
Following the sale, Versamet’s right of first offer on any royalty or stream held by Equinox Gold will be terminated. The investor rights agreement will automatically terminate once Equinox Gold’s ownership remains below 10.0% for a continuous period of at least 30 days.

Why is this Equinox Gold (EQX) Versamet transaction reported under early warning rules?
The news release is issued under National Instrument 62-103, which governs early warning and insider reporting for significant shareholdings. Because Equinox Gold’s stake fell below 10.0%, it will no longer be subject to ongoing early warning or insider reporting obligations for its Versamet securities.

How does Equinox Gold describe its remaining investment in Versamet Royalties?
Equinox Gold states it holds its remaining 2,904,915 Versamet shares for investment purposes. It notes it may acquire additional securities, dispose of some or all remaining holdings, or continue to hold shares, depending on future circumstances and any escrow restrictions.

Who executed the block trade for Equinox Gold’s Versamet shares and how can investors get more details?
The block trade of Versamet shares was completed under an agreement with National Bank Financial Inc. An early warning report with additional details will be filed under Versamet’s SEDAR+ profile, and Equinox Gold’s investor relations can provide further information via the listed email contacts.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-39038

EQUINOX GOLD CORP.
(Translation of registrant's name into English)

700 West Pender Street, Suite 1501, Vancouver, British Columbia, V6C 1G8
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      EQUINOX GOLD CORP.    
  (Registrant)
   
  
Date: July 6, 2026     /s/ Rhylin Bailie    
  Rhylin Bailie
  VP Investor Relations
  

EXHIBIT INDEX

 

Exhibit Number Description
  
99.1 Press Release dated July 6, 2026

EXHIBIT 99.1

Equinox Gold Announces Sale of Shares of Versamet Royalties

VANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) announces it has sold an aggregate of 8,713,000 common shares (the “Versamet Shares”) of Versamet Royalties Corporation (“Versamet”) pursuant to an agreement with National Bank Financial Inc. by way of a block trade (the “Disposition”) for aggregate gross proceeds of C$130 million.

Immediately before the Disposition, Equinox Gold had beneficial ownership of, control and direction over, 11,617,915 Versamet Shares, representing approximately 10.7% of the outstanding Versamet Shares on an undiluted basis. As a result of, and immediately following, the Disposition, Equinox Gold will have beneficial ownership of, control and direction over 2,904,915 Versamet Shares, representing approximately 2.7% of the outstanding Versamet Shares on an undiluted basis. Equinox Gold holds the Versamet Shares for investment purposes. Equinox Gold may, from time to time, acquire additional securities, dispose, subject to certain escrow restrictions, of some or all of its remaining or additional securities, or may continue to hold Versamet Shares as future circumstances may dictate.

Following the Disposition, (i) Versamet’s right of first offer to acquire any royalty or stream held by Equinox Gold will be terminated; and (ii) the investor rights agreement between Equinox Gold and Versamet will automatically terminate on the date that Equinox Gold’s beneficial ownership in Versamet ceases to be at least 10.0% for a continuous period of at least 30 days.

Versamet’s head office is located at Suite 3200 - 733 Seymour Street, Vancouver, British Columbia, V6B 0S6.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report with additional information in respect of the foregoing matters will be filed under Versamet’s profile on SEDAR+ at www.sedarplus.ca, and can also be obtained upon request by contacting Equinox Gold via email at ir@equinoxgold.com. As Equinox Gold beneficially owns less than 10.0% of the outstanding Versamet Shares, Equinox Gold is no longer subject to ongoing early warning or insider reporting requirements in respect of its ownership of Versamet securities.

Equinox Gold Contact
Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Cautionary Notes & Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). Forward-looking Information in this news release relates to, among other things: any future actions regarding Equinox Gold’s investment in Versamet. Forward-looking Information is generally identified using words like “may”, “will” and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative connotation of such terms, are intended to identify Forward-looking Information. Although the Company believes that the expectations reflected in such Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since the Company can give no assurance that such expectations will prove to be correct. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

Source: View Original Filing on SEC EDGAR

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