Equinox Gold Provides Update on the Los Filos Mine
Equinox Gold (TSX: EQX, NYSE American: EQX) has announced the indefinite suspension of operations at its Los Filos Mine in Guerrero, Mexico, following the expiration of its land access agreement with the Carrizalillo community on March 31, 2025.
While the company reached consensus on terms in January 2025 and secured new long-term agreements with the Mezcala and Xochipala communities, Carrizalillo has not signed a new agreement. These community agreements are important for continued operations and the planned construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant intended to increase gold recoveries from higher-grade ore.
The company confirms it has not included any production from Los Filos Mine in its 2025 production guidance.
Equinox Gold (TSX: EQX, NYSE American: EQX) ha annunciato la sospensione indefinita delle operazioni presso la sua Los Filos Mine in Guerrero, Messico, a seguito della scadenza del suo accordo di accesso al terreno con la comunità di Carrizalillo il 31 marzo 2025.
Sebbene l'azienda abbia raggiunto un consenso sui termini a gennaio 2025 e ottenuto nuovi accordi a lungo termine con le comunità di Mezcala e Xochipala, Carrizalillo non ha firmato un nuovo accordo. Questi accordi comunitari sono fondamentali per le operazioni continuative e la prevista costruzione di un nuovo impianto di lavorazione carbon-in-leach da 10.000 tonnellate al giorno destinato ad aumentare il recupero dell'oro da minerali di grado superiore.
L'azienda conferma di non aver incluso alcuna produzione dalla Los Filos Mine nella sua guida alla produzione per il 2025.
Equinox Gold (TSX: EQX, NYSE American: EQX) ha anunciado la suspensión indefinida de las operaciones en su Los Filos Mine en Guerrero, México, tras la expiración de su acuerdo de acceso a la tierra con la comunidad de Carrizalillo el 31 de marzo de 2025.
Aunque la empresa llegó a un consenso sobre los términos en enero de 2025 y aseguró nuevos acuerdos a largo plazo con las comunidades de Mezcala y Xochipala, Carrizalillo no ha firmado un nuevo acuerdo. Estos acuerdos comunitarios son importantes para la continuidad de las operaciones y la construcción planificada de una nueva planta de procesamiento carbon-in-leach de 10,000 toneladas por día destinada a aumentar la recuperación de oro de mineral de mayor grado.
La empresa confirma que no ha incluido ninguna producción de Los Filos Mine en su guía de producción para 2025.
Equinox Gold (TSX: EQX, NYSE American: EQX)는 멕시코 게레로에 위치한 Los Filos Mine에서의 운영을 무기한 중단한다고 발표했습니다. 이는 2025년 3월 31일에 카리사리요 지역 사회와의 토지 접근 계약이 만료된 데 따른 것입니다.
회사는 2025년 1월에 조건에 대한 합의에 도달하고 메즈칼라 및 소치팔라 지역 사회와 새로운 장기 계약을 체결했지만, 카리사리요는 새로운 계약에 서명하지 않았습니다. 이러한 지역 사회 계약은 운영의 지속성과 더 높은 등급의 광석에서 금 회수를 증가시키기 위한 새로운 일일 10,000톤 탄산 침출 처리 공장의 계획된 건설에 중요합니다.
회사는 2025년 생산 안내서에 Los Filos Mine의 생산을 포함하지 않았다고 확인합니다.
Equinox Gold (TSX: EQX, NYSE American: EQX) a annoncé la suspension indéfinie des opérations de sa Los Filos Mine à Guerrero, au Mexique, suite à l'expiration de son accord d'accès au terrain avec la communauté de Carrizalillo le 31 mars 2025.
Bien que l'entreprise ait atteint un consensus sur les termes en janvier 2025 et sécurisé de nouveaux accords à long terme avec les communautés de Mezcala et Xochipala, Carrizalillo n'a pas signé de nouvel accord. Ces accords communautaires sont importants pour la continuité des opérations et la construction prévue d'une nouvelle usine de traitement carbon-in-leach de 10 000 tonnes par jour destinée à augmenter la récupération de l'or à partir de minerais de meilleure qualité.
L'entreprise confirme qu'elle n'a inclus aucune production de la Los Filos Mine dans ses prévisions de production pour 2025.
Equinox Gold (TSX: EQX, NYSE American: EQX) hat die unbefristete Aussetzung der Aktivitäten in seiner Los Filos Mine in Guerrero, Mexiko, angekündigt, nachdem am 31. März 2025 das Zugangsabkommen mit der Gemeinde Carrizalillo abgelaufen ist.
Obwohl das Unternehmen im Januar 2025 einen Konsens über die Bedingungen erzielt und neue langfristige Vereinbarungen mit den Gemeinden Mezcala und Xochipala gesichert hat, hat Carrizalillo kein neues Abkommen unterzeichnet. Diese Gemeindevereinbarungen sind wichtig für die Fortsetzung der Betriebe und den geplanten Bau einer neuen 10.000 Tonnen pro Tag Carbon-in-Leach-Verarbeitungsanlage, die darauf abzielt, die Goldrückgewinnung aus hochwertigerem Erz zu erhöhen.
Das Unternehmen bestätigt, dass es keine Produktion aus der Los Filos Mine in seiner Produktionsprognose für 2025 berücksichtigt hat.
- New agreements successfully secured with two out of three communities (Mezcala and Xochipala)
- Company proactively excluded Los Filos from 2025 guidance, minimizing guidance revision risk
- Indefinite suspension of Los Filos Mine operations
- Failed to secure agreement with Carrizalillo community
- Planned 10,000 tonnes-per-day processing plant expansion delayed
- Loss of production and revenue from Los Filos operations
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") has indefinitely suspended operations at its Los Filos Mine in Guerrero, Mexico, following the expiry of its land access agreement with the community of Carrizalillo on March 31, 2025.
Long-term agreements with all three local communities are essential to provide the economic and investment conditions necessary for continued operations at the Los Filos Mine, including the proposed construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant to increase gold recoveries from higher-grade ore.
Equinox Gold has been engaged in collaborative discussions with the three communities that host the mine since November 2023. Consensus on terms was reached in January 2025, and new long-term agreements were subsequently ratified and signed with the Mezcala and Xochipala communities. To date, Carrizalillo has not signed a new long-term agreement with the Company.
Equinox Gold has not included any production from the Los Filos Mine in its 2025 production guidance.
About Equinox Gold
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas. The Company has operating gold mines in Canada, the USA and Brazil, and a path to achieve more than one million ounces of annual gold production from a pipeline of expansion projects. Equinox Gold's common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold's portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Equinox Gold Contacts
Greg Smith, President & CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: 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. Forward-Looking statements and forward-looking information in this news release relate to, among other things: the strategic vision for the Company and expectations regarding production capabilities; the Company's ability to secure new long-term agreements with all three communities at Los Filos; and the long-term potential at Los Filos due to the suspension of operations. Forward-Looking statements or information generally identified by the use of the words "indefinitely", "continued", "proposed", "increase", "path to achieve", and similar expressions and phrases or statements that certain actions, events or results "could", "would" or "should", or the negative connotation of such terms, are intended to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. The Company has based these forward-looking statements and information on the Company's current expectations and projections about future events and these assumptions include: Equinox Gold's ability to secure new long-term agreements with the three communities at Los Filos; the duration of the suspension of operations at Los Filos; the Company's ability to achieve the production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and future cash requirements; ramp-up at Greenstone being completed and performed in accordance with current expectations; the expansion projects at Aurizona and Castle Mountain being completed and performed in accordance with current expectations; tonnage of ore to be mined and processed; ore grades and recoveries remaining consistent with mine plans. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.
The Company cautions that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements and information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and Indigenous populations; the potential effect of blockades and community issues on the Company's production and cost estimates; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry; and those factors identified in the Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the Company's most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-Looking statements and information are designed to help readers understand management's views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, the Company assumes no obligation to publicly announce the results of any change to any forward-looking statement or information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements and information. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements and information contained in this news release are expressly qualified in their entirety by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246893
FAQ
Why did Equinox Gold suspend operations at Los Filos Mine in April 2025?
How many community agreements does EQX need for Los Filos Mine operations?
What expansion plans are affected by the Los Filos Mine suspension?
Will the Los Filos suspension impact EQX's 2025 production guidance?
When did EQX begin community discussions for Los Filos agreements?
