https://newsletter.en.creamermedia.com
Construction|Gold|PROJECT|Operations
Construction|Gold|PROJECT|Operations
construction|gold|project|operations

Equinox targets one-third production jump this year

22nd February 2024

By: Creamer Media Reporter

     

Font size: - +

Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year.

Equinox, which has seven operating gold mines in the US, Mexico and Brazil, has set its guidance for 2024 at between 660 000 oz and 750 000 oz.

This compares with 2023’s output of 564 458 oz of gold at an all-in sustaining cost of $1 622/oz.

The company is set to start production from a new mine this year, with the 60%-owned Greenstone project, in Canada, nearing completion.

“After 2.5 years, construction was substantially complete at year-end, which is a huge accomplishment for the team. The focus at Greenstone has shifted now to hot commissioning and operations ramp-up, with first gold on schedule for the first half of 2024,” president and CEO Greg Smith said on Wednesday.

Once fully operational, the Greenstone mine will produce 400 000 oz/y.

Equinox reported net income of C$28.9-million, or C$0.09 a share, compared with a net loss of C$106-million, or C$0.35 a share, a year earlier.

Adjusted net income was C$21.7-million, or C$0.07 a share, compared with an adjusted loss of C$91.5-million, or a loss of C$0.30 a share.

Edited by Creamer Media Reporter

Comments

 

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 June 2025
Magazine round up | 13 June 2025
13th June 2025
Astec showcases benefits of modular plants
Astec showcases benefits of modular plants
11th June 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.207 0.297s - 186pq - 2rq
Subscribe Now