Equinox Gold meets steering with 602,100 oz. in 2021

Equinox Gold (TSX: EQX; NYSE: EQX) produced a document quantity of gold – 602,100 oz. – final 12 months, simply assembly steering and delivering 26% extra ounces than in 2020. All-in sustaining prices are additionally anticipated to be inside steering of US$1,300 to US$1,375 per oz. bought.

The biggest producer within the firm’s portfolio is the Los Filos mine (144,100 oz.) in Mexico. The group blockades on the mine had been resolved in early August, giving the mine 5 uninterrupted months to not solely catch up however to exceed manufacturing steering.

The second and third largest mines had been Mesquite (137,500 oz.)  in Mexico, which edged out Aurizona (135,000 oz.) in Brazil.

Equinox has a number of smaller producers: Fazenda (60,400 oz.) and Riacho dos Machados (58,800 oz.), each of that are in Brazil. Output from the Mercedes mine (31,800 oz.) in Mexico, included solely manufacturing following the acquisition of Premier Gold, which closed in April 2021. Mercedes is to be bought to Bear Creek Mining (TSXV: BCM). The Citadel Mountain mine in California produced 25,300 oz. of gold, and earlier than it was bought to a personal Canadian firm, the Pilar mine produced 9,344 oz. within the first 4 months of 2021.

The acquisition of Premier Gold in April gave Equinox 60% possession of the Greenstone undertaking in northern Ontario (with 40% companion Orion Mine Finance Group). Equinox formally started building on the $1.5 billion gold mine in October, and it’ll most likely be one in every of Canada’s largest gold mines, producing 400,000 oz. yearly. The primary gold pour is focused for the primary half of 2024.

Equinox launched its inaugural ESG report final 12 months, noting a 17% higher security document and 60% higher environmental efficiency than a 12 months earlier.

 

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Written by colin

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