Equinox Gold
Equinox Gold is a mining company that owns the Greenstone Mine and operates seven other mines across North America and Brazil. The company is advancing multiple projects to significantly increase its gold production over the next several years.
Equinox Gold Services
Equinox Gold is primarily engaged in gold mining and production. The company owns 100% of the Greenstone Mine in Ontario, Canada, and is advancing four development and expansion projects aimed at increasing their gold production by approximately 740,000 ounces per year. They operate seven mines across North America and South America, including two in California, one in Mexico, and four in Brazil. A new Canadian mine is set to begin operations in 2024.
Equinox Gold's Greenstone Project
The Greenstone project, located in Ontario, Canada, is a significant component of Equinox Gold's operations. The project is expected to pour its first gold in May 2024 and will produce approximately 400,000 ounces of gold per year. The project includes a 27,000 tonnes-per-day leach/carbon-in-pulp processing facility. With proven and probable reserves of 5,539,000 ounces of gold at a grade of 1.27 g/t, the Greenstone mine has an initial 14-year mine life and is expected to produce more than 5 million ounces of gold. The construction capital estimate for this project stands at $1.23 billion.
Equinox Gold Production Estimates
Equinox Gold plans to nearly double its gold production over the coming years. The company's development and expansion projects are projected to add about 740,000 ounces of gold production annually. The Greenstone project alone is expected to produce approximately 400,000 ounces of gold per year. Altogether, Equinox Gold aims for significant growth in their production capabilities.
Equinox Gold Financing
Equinox Gold completed a significant financial move in April 2024 with a US$299 million bought deal financing. This financing supports the company's numerous development and expansion projects, aligning with their goal to enhance gold production and operational capacity.
Greenstone Project Relationships and Environmental Management
The Greenstone project maintains long-term relationship agreements with four First Nations and the Métis Nation of Ontario. Over 60% of site contracts include Indigenous partnerships, highlighting Equinox Gold's commitment to collaborative and inclusive development. Additionally, environmental monitors from Indigenous communities are integral to the environmental team at Greenstone, reflecting the project’s focus on sustainable and community-conscious operations.