Equinox hands CEO job to Orla’s Simpson
Move reverses a leadership plan set when the companies agreed to merge in May.
Equinox Gold has appointed Jason Simpson, CEO of Orla Mining, as the new CEO of the merged company, effective November 1st. The leadership transition comes after the companies agreed to merge in May, creating a company valued at approximately $18.5 billion (C$25.4 billion) that is expected to produce 1.1 million ounces of gold annually.
The merger combines Equinox's Canadian assets, including the Greenstone mine near Geraldton, with Orla's operations. Equinox CEO Greg Hall stated, "Building Equinox Gold into a senior producer has been the privilege of my career. This is the right moment for this transition and I leave knowing the company is in very good hands."
Simpson, who has been leading Orla for over seven years, will integrate two fast-growing miners and oversee expansion projects. National Bank Financial mining analyst Mohamed Sidibé noted that the CEO succession provides greater clarity on Equinox's long-term leadership. Hall is set to retire on October 31st and will work with Simpson through the next three months.
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