Equinox to focus on Greenstone Ontario mine in 2023 CanadiansInvest
-NYSE] has released is fourth quarter and fiscal 2022 financial and operating results. The company also said it expects to produce between 555,000 and 625,000 ounces of gold this year.
Equinox operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil. In addition the company expects to spend $8 million on Castle Mountain phase two optimization, engineering and permitting. The aim is to extend the mine life to 21 years and increase production to an average of more than 200,000 ounces annually. Equinox also expected to spend $8 million on Fazenda underground development and expansion.
When operating at capacity, Santa Luz is expected to produce approximately 100,000 ounces of gold annually. During 2022, with a partial year of production, the mine was expected to produce 70,000 to 90,000 ounces of gold.
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