ESG

Equinox's Los Filos blockaded, again

Delays restart preparations

Staff reporter

This article is 5 years old. Images might not display.

The original blockade, which prompted the mine's suspension on September 3, had been removed last Monday, with Equinox saying at the time good-faith negotiations would continue to reach final agreement on a few remaining items related to benefits provided under the Carrizalillo social collaboration agreement.

Los Filos had begun a staged restart last week and was working towards achieving full operations in December.

However the Ross Beaty-led Equinox said on Friday preparations to restart mining activities had been suspended due to the resumption of the blockade.

"Equinox Gold continues to communicate with these individuals and hopes to achieve a long-term solution that will allow the mine to operate effectively and continue bringing benefits to its employees, contractors, suppliers and community partners," it said.

Los Filos was one of the four mines Equinox gained through its March merger with Leagold Mining.

The enlarged company's sole mine in Mexico was also suspended for most of the June quarter due to government-mandated COVID-19 restrictions.

Equinox recently withdrew 2020 production and cost guidance for Los Filos, which had been expected to produce 90,000-110,000 ounces of the company's 470,000-530,000oz this year, according to a guidance update in August.

The company produced 124,687oz from its six mines in the September quarter then poured first gold in October from its seventh, the new Castle Mountain mine in California.

Equinox shares (TSX: EQ X) have ranged from C$6.60-$17.99 over the past year and closed up 0.3% to $13.24 on Friday, capitalising it at $3.2 billion (US$2.4 billion).

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Investor Sentiment Insights 2026

Discover what investors have planned for mining in 2026 in our industry-leading survey

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.