ESG

Blockade stops Equinox's Los Filos

Equinox Gold (TSX: EQX) has suspended its Los Filos mine in Mexico following what it calls an illegal blockade by members of the nearby Carrizalillo community.

Staff reporter
 Equinox Gold’s Los Filos operations in Mexico’s Guerrero state

Equinox Gold’s Los Filos operations in Mexico’s Guerrero state

The miner made the announcement on Friday, saying the temporary suspension had begun on September 3.

"The individuals allege non-compliance with the community social collaboration agreement signed in 2019," Equinox said.

Los Filos is one of four operations Equinox gained through its March merger with Leagold.

"Equinox Gold is in active discussions with the Carrizalillo community leaders to resolve the issues," it said.

The Ross Beaty-chaired company said the mine remained staffed with a reduced workforce to maintain appropriate safety, security and environmental systems.

Los Filos had also been suspended in April and May in line with the government's COVID-19 restrictions.

It was expected to produce 90,000-110,000 ounces of the company's 470,000-530,000oz for 2020, according to a guidance update in August as the company reported its second consecutive quarter of record results from its now six mines in the US, Mexico and Brazil.

Equinox shares (TSX: EQX) closed 6.2% lower on Friday to C$15.65, at the upper end of a one-year range and capitalising it at $3.8 billion (US$2.9 billion).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.