Equinox Gold Reports Geotechnical Event at the Aurizona Mine
Equinox Gold Reports Geotechnical Event at
the Aurizona Mine
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) ("Equinox Gold" or the "Company") reports that persistent heavy rains in
Maranhão, Brazil have caused a displacement of material in two locations in the south wall of the Piaba
pit at its Aurizona mine. There were no injuries, no damage to equipment or infrastructure, and no
environmental damage.
As a result of this geotechnical event, access to the Piaba pit has been restricted and mining has been
paused while the Company establishes an initial remediation plan and confirms the safety of the pit.
Milling and gold production continues from the ore stockpile, as is typical during the rainy season. To
mitigate any potential impact on planned 2024 production from the Piaba pit, the Company expects to
accelerate mining activities at the new Tatajuba pit.
The Company will perform an updated geotechnical assessment of the Piaba pit and nearby
infrastructure to determine further remediation required for long-term stability.
Equinox Gold Contacts
Greg Smith, President & CEO
Rhylin Bailie, VP Investor Relations
Tel: 604-558-0560 x 119
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 timing and ability of the Company to
recommence mining of the Piaba pit; the ability of the Company to mitigate the impact of the
geotechnical event on planned 2024 production from Aurizona; the timing and the ability of the
Company to complete an updated geotechnical assessment of the Piaba pit and nearby infrastructure
and develop a plan to remediate long-term stability; and the timing and ability of the Company to
commence mining from the new Tatajuba open pit. Forward-looking statements or information
generally identified by the use of the words "planned", "continues", "will", "expects" 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: Company's ability to identify and implement opportunities to mitigate the impact of the
geotechnical event; all necessary permits, licenses and regulatory approvals required for mining of
the Tatajuba open pit are received in a timely manner; and the Company's ability to comply with
environmental, health and safety laws. 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: operational risks and hazards
inherent with the business of mining (including environmental risks, regulations, hazards,
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, including environmental laws and regulations; legal restrictions relating to
mining; and those factors identified in the section titled "Risks and Uncertainties" in Equinox Gold's
MD&A dated February 21, 2024 for the year ended December 31, 2023, and in the section titled
"Risks Related to the Business" 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, 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/204674