The consolidation of the gold industry is set to continue with another major acquisition. Canadian company Equinox Gold (EQX.TO) announced Monday that it will buy another Canadian company, Leagold Mining (LMC.TO), for $769.3 million Canadian, or about $578.3 million American. The deal is expected to be finalized by the end of the first quarter of 2020.

The buy comes out to approximately $2.70 Canadian per share. Shareholders of Leagold will receive 0.331 of an Equinox share for each of their current shares.

Leagold shareholders will own 45% of the post-merger Equinox. The merger will give Equinox access to new mines in Brazil and Mexico to add to its selection of mines in California and Brazil.

This merger comes near the end of a year that has seen many significant deals in the gold industry.

As companies move to consolidate and regain the trust and interest of investors, the total amount spent on acquisitions has reached $30.5 billion American in 2019 alone. Industry leaders Barrick Gold (ABX.TO) and Newmont Goldcorp (NEM) have led the charge for such deals.

Other mergers in the industry may be on the horizon. London’s Centmin (CEY.L) recently moved to begin a feasibility assessment for a potential merger with Canadian company Endeavour Mining (EDV.TO).

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