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 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.
Equinox Gold Corp. (EQX) has received Board approval to start full construction of the Santa Luz Gold Mine in Brazil, with a budget of $103 million. The project aims to produce 903,000 oz of gold over a 9.5-year mine life, generating $436 million in after-tax cash flow at a gold price of $1,500/oz. Key metrics include an after-tax NPV of $305 million and an IRR of 58%. Average annual production from 2022 to 2026 is expected to be 110,500 oz. First gold pour is targeted for Q1 2022, with significant additional cash flow anticipated within a year.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) will announce its financial and operational results for Q3 2020 on November 9, 2020, before market open. The announcement will be followed by a live conference call at 8:00 am PT (11:00 am ET) for analysts and investors to engage with the executive team. Interested parties can participate via toll-free numbers or international lines. A webcast will also be available, archived on the Equinox Gold website until May 9, 2021.
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has successfully poured its first gold from the Castle Mountain Gold Mine in California on October 15, 2020. The initial pour yielded approximately 727 ounces of gold, marking a significant milestone as the company celebrates its second operating mine in California. CEO Christian Milau acknowledged the contributions of employees and local authorities in achieving this milestone safely and on budget, despite challenges posed by the COVID-19 pandemic.
Equinox Gold Corp. announced significant increases in mineral reserves and resources at its Mesquite Gold Mine in California, following successful exploration in the first half of 2020. Proven and Probable Mineral Reserves rose by 28% to 658,000 ounces, while Measured and Indicated Mineral Resources surged 94% to 837,000 ounces. Inferred Mineral Resources also increased by 38% to 703,000 ounces. Exploration efforts indicate a potential multi-year extension of mine life at Mesquite, bolstered by promising drilling results at the Brownie deposit.
Equinox Gold Corp. (NYSE American: EQX) announced the completion of construction for Phase 1 of its Castle Mountain Gold Mine in California, with first gold pour expected in Q4 2020. Pre-production mining commenced in June, stacking over 1.4 million tonnes of ore. The mine is designed to process 12,700 tonnes of ore per day, targeting an average annual production of 45,000 ounces of gold. A feasibility study for a potential Phase 2 expansion is underway, which could increase production to 200,000 ounces annually.
Equinox Gold has suspended mining activities at its Los Filos Mine in Mexico due to an illegal road blockade by the Carrizalillo community, effective September 3, 2020. The community alleges the company has not complied with a social collaboration agreement signed in 2019. A reduced workforce remains on-site to ensure safety and environmental protocols. Equinox Gold is currently in discussions with community leaders to resolve these issues and aims for a satisfactory outcome.
Equinox Gold Corp. (EQX) reported strong Q2 2020 results, producing 127,016 ounces of gold at all-in sustaining costs (AISC) of $900 per ounce. The company generated $85.1 million in earnings from mine operations and adjusted net income of $26.6 million. Despite COVID-19 challenges and a net loss of $58.7 million mainly due to non-cash expenses, cash flow from operations was robust at $83.7 million. Updated guidance forecasts total production between 470,000 and 530,000 ounces of gold for 2020, reflecting recent operational advancements while managing pandemic-related impacts.
Equinox Gold Corp. (TSX: EQX, NYSE-A: EQX) will release its financial results for Q2 2020 on August 10, 2020, after market close. A live conference call is scheduled for August 11, 2020, at 8:00 AM PT (11:00 AM ET), allowing analysts and investors to engage with the executive team. The webcast will be available for on-demand access on the company's website until February 11, 2021.
Equinox Gold Corp. (TSX: EQX) announced that Doug Reddy will become Chief Operating Officer in September 2020, succeeding Attie Roux, who is retiring. Reddy, an experienced geoscientist, has been with the company since March 2020 and was previously with Leagold Mining Corporation. His expertise includes overseeing the expansion of Los Filos Mine and the restart of Santa Luz Mine. CEO Christian Milau emphasized Reddy's fit for the role due to his technical knowledge and fluency in Spanish. Roux will remain available in an advisory role.
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