PRECIOUS METALS

Equinox to break ground at 360,000oz/y Greenstone

Equinox Gold will break ground today for construction of the Greenstone gold mine in Ontario, Canada which will be developed as a 60/40 partnership with Orion Mine Finance Group and produce more than 400,000 ounces of gold a year for the first five years of its initial 14-year life, with a life of mine average production of 360,000oz/y.

 Equinox Gold's Greenstone project in Ontario, Canada

Equinox Gold's Greenstone project in Ontario, Canada

The development will cost US$1.23 billion including $125 million for the mining fleet of which about $100 million could be leased to reduce the upfront cash spend, with first gold pour targeted for the...

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