Equinox Gold has also ceased to be a “reporting insider” as defined in National Instrument 55-104 – Insider Reporting Requirements.
Solaris Resources’ flagship asset is its Warintza copper-gold project in Ecuador. It also has projects in Peru and Chile and a holds 60% ownership in the development-stage La Verde copper project in Mexico in a JV with Teck Resources holding 40%.
Equinox has seven operating gold mines in the US, Mexico and Brazil and a multi-million ounce growth project, Greenstone, in Ontario, Canada.
In the statement, Equinox said it remains a supportive shareholder of Solaris and does not currently plan to make any additional changes to its interest, and that it has agreed not to sell any of its remaining Solaris securities for 120 days.
Midday Wednesday, Equinox Gold’s stock was up 5.6% in Toronto, while Solaris was down 2.8%.