Equinox Gold Corp. - EQX STOCK NEWS

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced the temporary suspension of operations at its RDM Mine in Brazil due to delays in obtaining permits for a tailings storage facility (TSF) raise. The company expects to resume operations within two months of receiving regulatory approval, anticipated in Q2 2022. As a result, Equinox has withdrawn its 2022 production guidance for RDM, which was initially forecasted at 70,000 to 80,000 ounces of gold, approximately 11% of total consolidated production of 625,000 to 710,000 ounces.

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced that shareholders approved all proposals at the annual general meeting on May 4, 2022. Notably, the election of management's nominees as directors and the appointment of KPMG LLP as the independent auditor received wide support, with over 99% voting in favor. Additionally, amendments to the company's restricted share unit plan were accepted, increasing the maximum number of shares from 7 million to 12.4 million. All voting results can be reviewed in detail on the company's website.

Equinox Gold Corp. (EQX) reported its Q1 2022 financial and operational results, highlighting a gold production of 117,452 ounces and sales of 119,324 ounces at an average price of $1,862 per ounce. The company experienced a net loss of $19.8 million, contrasting with a net income of $109 million in Q4 2021. Adjusted EBITDA dropped to $43.4 million. Significant activities include the first gold pour at the Santa Luz mine and advancement in Greenstone project construction. Cash and equivalents reached $151.2 million, while net debt increased to $385.1 million. A conference call is scheduled for May 4, 2022.

Equinox Gold Corp. announced positive 2021 exploration drill results from the Bahia Belt in Brazil, which hosts its Fazenda and Santa Luz gold mines. Significant gold mineralization was discovered at multiple targets, particularly at Canto 2 near Fazenda, where high-grade intersections were recorded. The company has expanded its exploration area to nearly 1,300 square kilometers and plans over 70,000 meters of drilling in 2022. Results include notable grades such as 69.0 g/t Au over 3.5 m at Canto 2, indicating potential for resource growth and mine life extension.

Equinox Gold Corp. (NYSE: EQX) has successfully completed the sale of its Mercedes Mine in Mexico to Bear Creek Mining Corporation for US$75 million. The deal includes a deferred cash payment of US$25 million due within six months, a 2% net smelter return on Mercedes production, and 24.73 million shares of Bear Creek Mining. CEO Christian Milau expressed gratitude to the Mercedes team and highlighted their significant shareholding in Bear Creek Mining, indicating a positive outlook for the future development of Bear Creek's Corani silver-lead-zinc deposit.

Equinox Gold (TSX: EQX) announced it will reveal its unaudited first quarter financial results on May 3, 2022, after market close. A conference call will follow on May 4, 2022, at 7:30 am PT for discussions on the results. Additionally, Equinox Gold will hold its annual meeting of shareholders on the same day at 1:30 pm PT via webcast. The Chairman, Ross Beaty, will provide a business strategy update at 1:40 pm PT.

Equinox Gold Corp. (TSX: EQX) has successfully poured its first gold at the new Santa Luz Mine in Brazil. This achievement follows a timely and on-budget construction with no lost-time injuries. The mine is projected to produce between 70,000 and 90,000 ounces of gold in 2022, with an expected annual capacity of 100,000 ounces. Additionally, operations at the RDM Mine resumed on March 14, 2022, after a temporary suspension. Equinox Gold is also advancing its Greenstone project in Ontario, targeting first gold pour in H1 2024.