Equinox Gold Corp celebrates the official opening of its Greenstone Mine in Geraldton, Ontario. The event will be live streamed at Greenstone Gold Mines website that will include remarks from the mine’s Indigenous Partners, Government dignitaries and Equinox Gold’s leadership team.
Greenstone Mine will be one of the largest open-pit mines in Canada, with production estimated at more than 400,000 ounces of gold annually for the first five years. Greenstone Mine will also be a long-life mine, with an initial mine life of nearly 15 years from the existing more than five million ounces of gold reserves, and multiple opportunities to both extend the mine life and increase production by expanding the open pit and developing both underground and near-mine deposits.
Greenstone Mine will be Equinox Gold’s cornerstone asset, as its largest, lowest-cost mine, and will be transformative for the Geraldton region of Ontario, providing employment, business opportunities and community benefits for years to come.
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.
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