Production
Trident owns an offtake for 35% of the gold produced at Equinox Gold Corp.’s Santa Luz mine. The offtake has a cumulative cap of 658,333 ounces which can be delivered into from Santa Luz or Trident’s offtakes over Equinox’s Riacho dos Machados and Fazenda Brasileiro mines.
Santa Luz operated briefly from 2013-2014 but was placed on care and maintenance due to poor recoveries from its carbon-in-leach plant. Subsequent metallurgical testing programs, including the operation of an on-site pilot-scale plant, demonstrated that resin-in-leach is a better method of gold recovery for Santa Luz’s carbonaceous ores.
Equinox Gold assumed ownership of Santa Luz in March 2020 through its acquisition of Leagold Mining. Equinox Gold updated the Santa Luz feasibility study, commenced re-construction in November 2020 and poured first gold in March 2022 from the mine’s new resin-in-leach circuit.
| Location | Brazil |
|---|---|
| Operator | Equinox Gold Corp |
| Commodity | Gold |
| Mining Method | Open Pit |
| Stage | Production |
| 2023 Production | 57,182 ozs |
|---|---|
| 2024 Forecast | 75,000 ozs |
| Proven & Probable | 24.94Mt @ 1.34gpt Au |
|---|---|
| Measured & Indicated | 41.52Mt @ 1.48gpt Au |
| Inferred | 7.25Mt @ 2.10gpt Au |
| Total | 48.78Mt @ 1.57gpt Au |
Source: Capital IQ