Equinox Gold Completes Consolidation of Ownership of the Greenstone Mine
Equinox Gold Completes Consolidation of
Ownership of the Greenstone Mine
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2024) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) is pleased to announce the Company has completed its previously announced
acquisition of the remaining 40% of Greenstone Gold Mine GP Inc. from certain funds managed by Orion
Mine Finance Management LP ("Orion"), giving Equinox Gold 100% ownership of the Greenstone Mine
in Ontario, Canada (the "Transaction"). In connection with the Transaction, Equinox Gold has also
completed the previously announced US$500 million three-year term loan.
Greg Smith, President and CEO of Equinox Gold, commented: "Closing of this transaction consolidates
our ownership of the world-class Greenstone Mine, a long-life, low-cost gold mine of significant scale in a
top-tier mining jurisdiction. We again thank Orion for their partnership and support over the last few years
and look forward to delivering value to all our stakeholders as we advance the Greenstone Mine towards
commercial production."
Equinox Gold Contacts
Greg Smith, President & CEO
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email:
Cautionary Notes
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 Greenstone Mine to commercial production and the timing thereof; and the Company's
expectations for the operation of Greenstone, including production capabilities and future financial or
operating performance. Forward-Looking statements or information generally identified by use of the
words "advance", "look forward", "delivering", and similar expressions and phrases or statements that
certain actions, events or results "could", "would" or "should", or the negative connotation of such
terms, are intended to identify forward-looking statements and information. Although the Company
believes that the expectations reflected in such forward-looking statements and information are
reasonable, undue reliance should not be placed on forward-looking statements as the Company can
give no assurance that such expectations will prove to be correct. The Company has based these
forward-looking statements and information on the Company's current expectations and projections
about future events and these assumptions include but are not limited to: commissioning at
Greenstone being completed and performed in accordance with current expectations; and Equinox
Gold's ability to achieve the exploration, production, cost and development expectations for
Greenstone. 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 information contained in this news release.
The Company cautions that forward-looking statements and 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 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 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 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 information. If
Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that
Equinox Gold will make additional updates with respect to those or other forward-looking statements.
All forward-looking statements and 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/208938