NEWS
Copper   Precious Metals  

Equinox’s gold mine in Brazil days away from commercial production

Canadian junior Equinox Gold (TSX-V: EQX) is in the countdown to begin commercial production at its Aurizona gold mine in Brazil, bringing the company closer to its goal of becoming a leading mid-tier producer of the yellow metal.

As part of its growth strategy for 2019, the company plans to dig up 230,000 to 265,000 gold ounces with the assistance of its recently acquired Mesquite gold mine in California.

“Equinox Gold has achieved tremendous growth over the last year and will soon become a multi-mine gold producer,” chief executive Christian Milau said in a statement. “This momentum will continue in 2019 as we plan for construction at our Castle Mountain mine, capitalize on growth opportunities at our existing assets and continue to assess accretive acquisition opportunities.”

The previously-mined Castle Mountain is about 320km north of Mesquite and is projected to initially produce 45,000 ounces of gold per year beginning in 2020. Then, output is expected to jump to more than 200,000 ounces annually during years four to 16.

The Vancouver-based miner noted is in the final steps of permitting for phase one and arranging financing to start construction mid-year at a cost of about $50 million.

Last year, Equinox spun-out its copper assets into a new company, Solaris Copper, and sold its 83% stake in the Koricancha gold mill in Peru to Inca One.

News No: 3218
Date: 2019/01/10 - 06:54
News Source: MINING.COM

Equinox gold mine  Brazil  Aurizona gold mine  Equinox  Solaris Copper 

Comments:

Leave a Comment:

   
   
   
 

Petrobras to Cut $8.1b in Operational Costs

Brazil’s state-controlled oil company Petroleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday.
 

Brazil : Vale's Decommissioning at Fabrica Mines to Impact 3 MnT Output

Vale- world's largest iron ore miner post the dam collapse of 25th Jan is proceeding with decommissioning of Forquilha I, Forquilha II, Forquilha III and Grupo dams which is expected to affect around 3 MnT production loss in 2019.
 

Amazon rainforest's riches up for grabs as Brazil to open indigenous reserves to mining

Brazil’s new right-wing government, led by former army captain Jair Bolsonaro, is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.
 

JSW Steel Iron Ore Imports Fall Significantly Amidst Soften Domestic Prices

JSW Steel - India's largest steel maker recorded Jan19 iron ore imports at 0.19 MnT, down significantly by 79% as against 0.91 MnT in Dec’18. The miner imported 0.19 MnT of ore from Australia (down 74% M-o-M), and recorded nil imports from Brazil.
 

Brazil Pig iron Exports 3 Year High in Jan'19

Brazil's pig iron exports increased by about 19% M-o-M in the first month of 2019, according to trade statistics released by Brazilian customs.
 

Great Panther completes acquisition of Brazilian miner

It was a busy week for Canada's Great Panther (TSX: GPR). The Vancouver-based miner not only completed the buyout of Beadell Resources but it also changed its name to Great Panther Mining Limited.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners