SEATTLE (Scrap Monster): Vancouver, Canada-based Equinox Gold Corporation announced temporary suspension of operations at RDM Mine in Brazil.
According to company press release, permits for the scheduled tailings storage facility (“TSF”) raise at the Company’s RDM Mine in Brazil have been delayed. The company has decided to temporarily suspend operations at the mine until the matter is resolved. Consequently, Equinox Gold has withdrawn its production guidance for the RDM Mine. The guidance will be updated once the mine resumes its normal operations, it noted.
Earlier, the company had guided for production of around 70,000-80,000 ounces of gold from the mine in 2022, which equates to 1% of the consolidated production using the mid-point of the full-year production guidance of 625,000-710,000 ounces of gold.
The TSF raise contractor has expressed its readiness to mobilize and commence works. Meantime, discussions with regulatory authorities are in progress. The company expects to receive final regulatory approval by Q2 this year. The full operations could possibly restart within two months from the date of regulatory approval, the company said.
The permit for the latest TSF raise, to enable storage of tailings produced from operations, was applied in 2021, which has not been granted yet.
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