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Mining News January 17, 2022 09:30:56 PM

Equinox Gold Output Hit Fresh Peak in Q4 Last Year

Paul Ploumis
ScrapMonster Author
The cash costs and all-in-sustaining costs are expected to be within guidance of $1,025 to $1,075 per oz and $1,300 to $1,375 per oz sold, respectively.

Equinox Gold Output Hit Fresh Peak in Q4 Last Year

SEATTLE (Scrap Monster): Equinox Gold Corporation announced record production in the final quarter of 2021.

The quarterly gold production totalled 210,400 ounces. The yearly output totalled 602,100 ounces of gold in 2021, significantly higher by 26% over the output during the prior year. The company achieved the earlier fiscal 2021 guidance of 560,000-625,000 ounces, said the company press release.

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The production from Mesquite and Arizona mines totalled 66,900 and 41,300 ounces respectively. It commenced Greenstone construction with first gold pour targeted for H1 2024. The Los Filos mine outperformed expectations and exceeded the top end of the guidance.

The cash costs and all-in-sustaining costs are expected to be within guidance of $1,025 to $1,075 per oz and $1,300 to $1,375 per oz sold, respectively.

Commenting on the achievement, Christian Milau, CEO, Equinox Gold said that the new Greenstone, Ontario and Santa Luz, Brazil mines are expected to produce more than 400,000 ounces and 100,000 ounces respectively. The sale of the Mercedes Mine is expected to further strengthen both its balance sheet and investment portfolio. The company produced its millionth ounce of gold as company during 2021.

 

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