Production
Trident owns an offtake for 100% of the gold produced from Equinox Gold Corp.’s Greenstone Gold Project until March 1, 2027, up to 58,500 oz per annum. Any shortfall in deliveries below 58,500 oz during 2024 and 2025 will be compensated by Equinox at a rate of US23.50/oz.
The Greenstone Gold Mine is a globally significant gold deposit located in Geraldton, Ontario, Canada and is a cornerstone asset for Equinox Gold. The open pit mine has an estimated lifespan of 14 years and is expected to produce over 5Moz of gold.
April 2024
Equinox agreed with Orion Mine Finance to acquire Orion’s’ 40% interest in Greenstone (increasing Equinox’s ownership to 100%) for US$995M, payable as follows:
42.0M common shares of Equinox Gold valued at $250M;
$705M in cash payable on closing; and
$40M in cash payable by December 31, 2024.
April 2024
Equinox provided an update on the commissioning progress at Greenstone. Ore was introduced into the grinding circuit on April 6, with the first gold pour expected in May. More than 1.5Mt of ore have been stockpiled and 70,000t of low-grade ore has been pre-crushed to use for early commissioning feed. Progressively higher-grade ore will be fed into the mill as production ramps up toward planned throughput of 27,000t per day, with commercial production targeted for Q3 2024.
November 2023
Equinox announced Greenstone construction is 96% complete and pre-commissioning activities are ongoing.
| Location | Canada |
|---|---|
| Operator | Equinox Gold |
| Commodity | Gold |
| Mining Type | Open Pit |
| Stage | Production |
| 2024 Forecast | 191,500 ozs |
|---|
| Proven & Probable | 135Mt @ 1.27gpt Au |
|---|---|
| Measured & Indicated | 170Mt @ 1.49gpt Au |
| Inferred | 32.40Mt @ 3.24gpt Au |
| Total | 202Mt @ 1.77gpt Au |
Source: Capital IQ