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. has announced a bought deal private placement agreement with underwriters to sell 11,600,000 units at C$2.76 each, raising gross proceeds of C$32,016,000. Each unit consists of one common share of i-80 Gold Corp. and one-half of a purchase warrant, potentially increasing total gross proceeds to C$52,026,000 if all warrants are exercised. Following this offering, Equinox Gold's ownership in i-80 Gold will decrease from 24.7% to 19.97% initially, and to 17.6% if all warrants are exercised. The offering is expected to close on March 28, 2023, with net proceeds going directly to Equinox Gold.
FAQ
What is the current stock price of Equinox Gold (EQX)?
What is the market cap of Equinox Gold (EQX)?
What is Equinox Gold Corp. primarily focused on?
How many gold mines does Equinox Gold operate?
What is significant about the Greenstone Mine?
What recent acquisition has Equinox Gold completed?
How much did Equinox Gold raise in its recent public offering?
