Equinox Gold Provides Update on the Los Filos Mine
Equinox Gold Provides Update on the Los
Filos Mine
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) ("Equinox Gold" or the "Company") has indefinitely suspended operations at its
Los Filos Mine in Guerrero, Mexico, following the expiry of its land access agreement with the community
of Carrizalillo on March 31, 2025.
Long-term agreements with all three local communities are essential to provide the economic and
investment conditions necessary for continued operations at the Los Filos Mine, including the proposed
construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant to increase gold
recoveries from higher-grade ore.
Equinox Gold has been engaged in collaborative discussions with the three communities that host the
mine since November 2023. Consensus on terms was reached in January 2025, and new long-term
agreements were subsequently ratified and signed with the Mezcala and Xochipala communities. To
date, Carrizalillo has not signed a new long-term agreement with the Company.
Equinox Gold has not included any production from the Los Filos Mine in its 2025 production guidance.
About Equinox Gold
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas. The
Company has operating gold mines in Canada, the USA and Brazil, and a 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 & CEO
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email:
Cautionary Notes & 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 strategic vision for the Company
and expectations regarding production capabilities; the Company's ability to secure new long-term
agreements with all three communities at Los Filos; and the long-term potential at Los Filos due to the
suspension of operations. Forward-Looking statements or information generally identified by the use
of the words "indefinitely", "continued", "proposed", "increase", "path to 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 since 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: Equinox Gold's ability to secure new long-term agreements with the three communities at Los
Filos; the duration of the suspension of operations at Los Filos; the Company's ability to achieve the
production, cost and development expectations for its respective operations and projects; prices for
gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds
for the Company's projects and future cash requirements; ramp-up at Greenstone being completed
and performed in accordance with current expectations; the expansion projects at Aurizona and
Castle Mountain being completed and performed in accordance with current expectations; tonnage of
ore to be mined and processed; ore grades and recoveries remaining consistent with mine plans.
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 accidents and hazards, 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 populations; the potential effect
of blockades and community issues on the Company's production and cost estimates; 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, including environmental,
export and import laws and regulations; legal restrictions relating to mining; risks relating to
expropriation; increased competition in the mining industry; and those factors identified in the
Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the
Company'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/edgar
. Forward-Looking statements and information
are designed to help readers understand management's views as of that time with respect to future
events and speak only as of the date they are made. Except as required by applicable law, the
Company assumes no obligation 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 the Company updates any one or more forward-looking
statements, no inference should be drawn that the Company 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/246893