May 23, 2024
Equinox pours first gold at Greenstone mine in Ontario
Equinox is targeting 90% of the 27,000 tonne-per-day plant capacity by the end of 2024. It has also increased mining rates ahead of first pour and stockpiled 1.5 million tonnes of stockpiled ore by the end of first quarter. Production at Greenstone in 2025 is expected to total 199,000 oz. at an all-in sustaining cost (AISC) of $879/oz. in the second half, matching its guidance of 175,000-210,000 oz. at $840-$940/oz., BMO said in a note. When at capacity, the operation is expected to produce approximately 400,000 oz. annually over its first five years, and 360,000 oz. per year over its
