Welcome to our dedicated page for Equinox Gold news (Ticker: EQX), a resource for investors and traders seeking the latest updates and insights on Equinox Gold stock.
Equinox Gold Corp. (TSX: EQX, NYSE: EQX) is a growth-focused Canadian mining company that operates primarily in North and South America. The company's core business involves the operation, acquisition, exploration, and development of mineral properties, with a strong focus on gold mining. Equinox Gold currently operates seven gold mines and is actively commissioning an eighth mine, with a clear path to surpassing one million ounces of annual gold production.
Equinox Gold's diverse portfolio includes assets in Brazil, California, and other regions in North and South America. The company is notably advancing its Aurizona Project in Brazil, aiming to commence gold production by the end of 2018. Simultaneously, it is conducting a pre-feasibility study at its Castle Mountain Project in California with the objective of restarting production.
Recent achievements include the acquisition of the remaining 40% stake in the Greenstone Mine, consolidating full ownership of this world-class asset in Ontario, Canada. The Greenstone Mine is expected to be Equinox Gold's largest and lowest-cost producer, with an annual production forecast of approximately 400,000 ounces of gold for the first five years. The first gold pour at Greenstone was successfully achieved in May 2024, marking a significant milestone towards reaching commercial production in the third quarter of 2024.
Financially, Equinox Gold is in a robust position, having recently closed a
Equinox Gold announced that 99.9% of Premier Gold Mines Limited's shareholders approved the acquisition, with a share exchange rate of 0.1967 Equinox shares for each Premier share. Following this, existing shareholders will hold approximately 84% and 16% of Equinox Gold, respectively. The transaction, expected to close in March 2021, includes the spin-out of a new company, i-80 Gold Corp., which will hold Premier’s Nevada assets. Equinox will retain Premier's key assets, including the Hardrock Project in Ontario and the Mercedes Mine in Mexico.
Equinox Gold Corp. (EQX) announced its 2021 production guidance of 600,000 to 665,000 ounces of gold, a notable 33% increase from 2020’s 477,200 ounces. Cost guidance includes cash costs of $940 to $1,000 per ounce and all-in sustaining costs (AISC) of $1,190 to $1,275 per ounce. The company plans significant investments in its mine expansions and exploration, aiming for production growth to reach approximately 900,000 ounces in 2022 and 1 million ounces by 2023. A virtual investor reception is scheduled for today.
Equinox Gold Corp. (TSX: EQX) will hold a virtual investor reception on February 9, 2021, at 7:00 am PT (10:00 am ET), hosted by Chairman Ross Beaty. This event will include a corporate update on current projects and the release of the company’s 2021 production and cost guidance. CEO Christian Milau will discuss the company's long-term strategy and future milestones. The investor reception will be available via webcast and conference call, with archived access until August 9, 2021.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced promising drill results from the Piaba Underground and Genipapo targets at its Aurizona Gold Mine in Brazil. The 2020 drill program yielded significant gold mineralization, with 96% of drill holes intersecting valuable deposits. A $7.3 million exploration program is planned for 2021 to expand resources. Highlights include 5.56 g/t Au over 24.0 m at Piaba and notable finds at Genipapo. The ongoing prefeasibility study aims to evaluate concurrent underground and open-pit mining operations.
Equinox Gold Corp. announced record gold production for 2020, exceeding revised guidance with 477,200 ounces produced. This includes 136,400 ounces in Q4, aided by ramp-up at Castle Mountain. The company expanded its operations from two to seven mines, with an eighth under construction and the acquisition of Premier Gold Mines underway. Equinox Gold holds $345 million in cash and plans to produce over one million ounces annually. Full financial results will be released in March 2021, alongside 2021 production guidance.
Equinox Gold Corp. has successfully resolved the blockade at its Los Filos Mine in Mexico, restoring access to the site. The mine is initiating a staged restart, with full operations anticipated by January. Workers will return following negative COVID-19 tests. The company is actively engaging with community leaders to finalize aspects of the Carrizalillo social collaboration agreement, enhancing local relations and operational stability.
Equinox Gold Corp. (TSX: EQX) announced its acquisition of Premier Gold Mines Limited, solidifying its position as a key player in the Americas gold production sector. The agreement involves Premier spinning out a new US-focused gold company, i-80 Gold Corp., which will hold significant assets in Nevada. Equinox will gain a 50% interest in the Hardrock Project and the producing Mercedes Mine, enhancing its gold output. Shareholders will have a stake in both Equinox and i-80, with the transaction expected to close in Q1 2021 pending approvals.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) has filed a National Instrument 43-101 Technical Report detailing the feasibility study and mineral reserve estimates for its Santa Luz Gold Mine in Bahia State, Brazil. The report follows the Board's approval of a $103 million construction budget with initial gold production targeted at 903,000 ounces over a 9.5-year mine life, based on a $1,500/oz gold price. The project has a projected after-tax NPV of $305 million and an IRR of 58%, with first gold pour expected in Q1 2022.
Equinox Gold Corp. (TSX: EQX; NYSE American: EQX) has achieved commercial production at its Castle Mountain Gold Mine in California. The company estimates production of 5,000 to 10,000 ounces of gold in 2020, with an average annual production of 40,000 ounces during the Phase 1 mine life. Equinox Gold is exploring a Phase 2 expansion potentially increasing production to 200,000 ounces per year, with a feasibility study due in Q1 2021. CEO Christian Milau emphasized the economic benefits for local communities and shareholders.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced the suspension of preparations to restart mining at its Los Filos Mine in Mexico due to a blockade by members of the Carrizalillo community. The company is actively communicating with the community to seek a long-term resolution that enables mining operations to resume and continue providing benefits to employees and local partners. The press release emphasizes that forward-looking statements regarding the blockade's duration and resolution should be approached with caution due to uncertainties.
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