Equinox Gold Pours First Gold at its Greenstone Mine
Equinox Gold Pours First Gold at its
Greenstone Mine
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2024) - Equinox Gold Corp. (TSX: EQX) (NYSE
American: EQX) ("Equinox Gold" or the "Company") is pleased to announce first gold pour at its new
Greenstone Mine in Ontario, Canada.
The Greenstone Mine has achieved its inaugural gold pour on schedule, producing 1,800 ounces of gold
from the full recovery circuit, with all equipment operating as expected.
Greg Smith, President & CEO of Equinox Gold, commented: "This first gold pour represents another key
step toward achieving commercial production at the Greenstone Mine. This is a proud moment for all
involved, and I extend my congratulations to the entire Greenstone team. We look forward to ramping up
to commercial production in the third quarter of this year and delivering sustained value from the
Greenstone Mine for all our stakeholders."
The Greenstone Mine will be Equinox Gold's flagship asset and largest, lowest-cost producer. When
operating at capacity, the Greenstone Mine is expected to produce approximately 400,000 ounces of
gold annually for the first five years, and average 360,000 ounces of gold per year for its initial 14-year
mine life, making Greenstone one of Canada's largest gold mines.
Greenstone Mine First Gold Pour - May 22, 2024
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About Equinox Gold
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with
eight operating 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
.
Equinox Gold Contacts
Greg Smith, President & Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email:
Cautionary Notes and Forward-looking 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 Greenstone Mine to commercial and full production and the timing thereof; the Company's
expectations for the operation of Greenstone, 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 or information generally
identified by use of the words "look forward", "continue", "will", "deliver", "expect", "toward" "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, 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; Equinox Gold's ability to achieve the exploration, production, cost and
development expectations for Greenstone; 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 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.
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