Equinox Gold Celebrates Official Opening of the Greenstone Mine
Equinox Gold Celebrates Official Opening of
the Greenstone Mine
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) ("Equinox Gold" or the "Company") today celebrates the official opening of its
Greenstone Mine in Geraldton, Ontario. The event will be live streamed at
www.GreenstoneGoldMines.com
beginning at 11:00am ET and will include remarks from the mine's
Indigenous Partners, Government dignitaries and Equinox Gold's leadership team.
Greg Smith, President & CEO of Equinox Gold, commented: "Today is a pivotal milestone for Equinox
Gold. After almost three years of construction and commissioning the Greenstone Mine is now a reality
and will be a cornerstone asset for our company as one of Canada's largest and lowest cost gold
producers. There are too many people to thank individually, but I specifically want to thank our local
Indigenous, community, and Ontario government partners who have worked collaboratively and
supported us through this journey; our joint venture partner, Orion Resource Partners, who worked with us
until May this year when we acquired their 40% stake in the mine to become 100% owners; our
employees, contractors and suppliers who enabled us to construct the mine on time and on budget, a
remarkable feat given inflationary and COVID pressures; and our Board of Directors and entire Equinox
Gold family for their steadfast support of the project."
The Greenstone Mine poured first gold on May 22, 2024 after beginning construction in October 2021.
The mine continues its ramp-up to commercial production, having poured approximately 2,625 ounces in
May, 13,625 ounces in June and 19,750 ounces in July, with average throughput exceeding 60% of
design capacity during August to date.
Equinox Gold Contacts
Greg Smith, President & CEO
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email:
About Equinox Gold
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with
eight producing gold mines and a clear path to achieve more than one million ounces of annual gold
production from a pipeline of expansion projects. Equinox Gold's common shares are listed on the TSX
and the NYSE American under the trading symbol EQX. Further information about Equinox Gold's
portfolio of assets and long-term growth strategy is available at
www.equinoxgold.com
or by email at
.
Cautionary Statements
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation. Forward-looking statements and forward-looking
information in this news release relate to, among other things: the Company's ability to successfully
advance the Greenstone Mine to commercial and full production and the timing thereof; the
Company's expectations for the operation of the Greenstone Mine, including production capabilities
and future financial or operating performance; and the strategic vision for the Company and the
Company's ability to successfully advance its expansion projects. Forward-looking statements and
forward-looking information is generally identified by use of the words such as "will", "strategy", "clear
path", "achieve" and similar expressions and phrases or statements that certain actions, events or
results "could", "would" or "should", or the negative connotation of such terms. Although the Company
believes that the expectations reflected in such forward-looking statements and forward-looking
information are reasonable, undue reliance should not be placed on forward-looking statements or
forward-looking information as the Company can give no assurance that such expectations will prove
to be correct. The Company has based these forward-looking statements and forward-looking
information on the Company's current expectations and projections about future events and these
assumptions include but are not limited to: achieving commercial production at the Greenstone Mine
in accordance with current expectations; the Company's ability to achieve the exploration, production,
cost and development expectations for its operations and projects, including the Greenstone Mine;
and the Company's expansion projects being completed and performed in accordance with current
expectations. While the Company considers these assumptions to be reasonable based on
information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not
to put undue reliance on the forward-looking statements or forward-looking information contained in
this news release.
The Company cautions that forward-looking statements and forward-looking information involve
known and unknown risks, uncertainties and other factors that may cause actual results and
developments to differ materially from those expressed or implied by such forward-looking statements
and forward-looking information contained in this news release and the Company has made
assumptions and estimates based on or related to many of these factors. Such factors include, without
limitation: fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials,
supplies and services; fluctuations in currency markets; operational risks and hazards inherent with
the business of mining (including environmental risks, geotechnical failures, industrial accidents,
equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding
and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and
hazards; employee relations; relationships with, and claims by, local communities and Indigenous
partners; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a
timely manner or at all; changes in laws, regulations and government practices; legal restrictions
relating to mining; and those factors identified in the section titled "Risks and Uncertainties" in
Equinox Gold's Management's Discussion & Analysis dated February 21, 2024 for the year ended
December 31, 2023, and in the section titled "Risks Related to the Business" in Equinox Gold's most
recently filed Annual Information Form, both of which are available on SEDAR+ at
www.sedarplus.ca
and on EDGAR at www.sec.gov. Forward-looking statements and forward-looking information are
designed to help readers understand management's views with respect to future events and speak
only as of the date they are made. Except as required by applicable law, Equinox Gold assumes no
obligation to update or to publicly announce the results of any change to any forward-looking
statement or forward-looking information contained or incorporated by reference to reflect actual
results, future events or developments, changes in assumptions or changes in other factors affecting
the forward-looking statements and forward-looking information. If Equinox Gold updates any one or
more forward-looking statements or forward-looking information, no inference should be drawn that
Equinox Gold will make additional updates with respect to those or other forward-looking statements or
forward-looking information. All forward-looking statements and forward-looking information contained
in this news release are expressly qualified in their entirety by this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/221476