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 initiated full-scale construction of the Greenstone Gold Mine in Ontario, Canada, a joint venture with Orion Mine Finance. The mine is expected to produce over 400,000 ounces of gold annually for the first five years and a total of 5.05 million ounces over its 14-year lifespan. The initial capital budget is approximately $1.23 billion, with a contingency of $177 million. The project will create 800 local and 1,300 regional jobs during construction. The first gold pour is targeted for H1 2024.
Equinox Gold Corp. (TSX: EQX) has filed National Instrument 43-101 technical reports detailing mineral reserves and resources for its Fazenda and RDM gold mines in Brazil. These reports, stemming from results released on September 8, 2021, are now accessible for download on SEDAR and EDGAR, as well as the Company’s website. The latest findings are crucial for stakeholders and provide transparency regarding the company's mining assets.
Equinox Gold Corp. (TSX: EQX) will unveil its unaudited financial and operational results for Q3 2021 on November 3, 2021, after market close. This announcement will cover the three and nine months ending on September 30, 2021. Following the results, a live conference call and webcast are scheduled for November 4, 2021, at 7:00 am PT (10:00 am ET) to discuss the findings.
For details, the toll-free U.S. and Canada number is 1-800-319-4610, while international callers can reach +1 604-638-5340.
Metalla Royalty & Streaming Ltd. (MTA) has closed the acquisition of a 5% net smelter return royalty on the South Domes portion of the Castle Mountain Gold mine owned by Equinox Gold Corp. (EQX) on October 1, 2021. The transaction involved an upfront payment of $10 million, with an additional $5 million payable within twenty months at a 4% interest rate. Metalla also completed a C$3 million drawdown under its convertible loan facility with Beedie Capital, which will be used to fund part of the acquisition. This strategic move aims to enhance Metalla's portfolio and shareholder value.
Equinox Gold Corp. (TSX: EQX) announces a successful Pre-Feasibility Study (PFS) for its Aurizona Gold Mine in Brazil, projecting an average annual production of 137,000 oz over an 11-year mine life and a peak production exceeding 160,000 oz from 2026 to 2029. The PFS indicates a 73% increase in Proven & Probable Mineral Reserves to 1.7 million oz of gold. The after-tax NPV5% of the project is $314 million at $1,500/oz gold. Initial capital costs are estimated at $154 million, with significant growth potential expected through ongoing exploration.
Equinox Gold Corp. announced updated Mineral Reserve and Resource estimates for its gold mines in California and Brazil, reflecting significant exploration drilling completed in 2020. At the Mesquite mine, Measured and Indicated Mineral Resources increased by 65% to 1,384,000 oz of gold, while Inferred Resources rose 30% to 912,000 oz. Fazenda's Mineral Reserves remain stable at 315,000 oz, despite a 31-month mining depletion. The Riacho Dos Machados mine showed a 30% decrease in Mineral Reserves due to depletion. Upcoming technical reports and prefeasibility studies are also in progress.
Equinox Gold Corp. (EQX) reported strong second quarter 2021 results, producing 122,656 ounces of gold and achieving a net income of $325.7 million, or $1.10 per share. The company saw cash costs of $1,089 per ounce and all-in sustaining costs of $1,382 per ounce. Despite disruptions at Los Filos due to illegal blockades, production is expected to rise in H2 2021 with better costs. The acquisition of Premier Gold Mines bolstered operations, and guidance for production has been updated to 560,000-625,000 ounces for the year.
Equinox Gold Corp. (NYSE American: EQX) announced the removal of a community blockade at its Los Filos Mine in Mexico, allowing the company to resume regular operations. This resolution is expected to enhance production and operational stability at the mine, which is a significant asset for the company. Resuming full operations may positively influence both output and financial performance moving forward.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announces the removal of a union blockade at its Los Filos Mine in Mexico, allowing operations to resume. While access to the mine is restored, some members of the Xochipala community remain encamped near the open pits, hindering activities in specific areas. The company is in talks with government and community representatives to resolve these disruptions.
Equinox Gold Corp. (TSX: EQX) will release its unaudited financial and operating results for the second quarter of 2021 on August 4, 2021. The company will conduct a live conference call and webcast on August 5, 2021, at 7:00 am PT (10:00 am ET), allowing analysts and investors to engage with the executive team. This event is crucial for stakeholders to gain insights into the company's performance and future outlook. The webcast will be available on the company's website until February 5, 2022.
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