Trident Royalties PLC


Los Filos Gold Offtake

Trident owns an offtake for 50% of the gold produced at Equinox Gold Corp.’s Los Filos Gold Mine located in Guerrero, Mexico up to 1,100,000 delivered ounces.

Los Filos Gold Offtake

The Los Filos complex is an operating mine comprising three open pits and two underground mines.  Los Filos has been operating since 2008. Equinox Gold assumed ownership of the mine in March 2020 through its acquisition of Leagold Mining. Equinox Gold continued with expansion plans, including development of the Guadalupe open pit and the Bermejal underground mine.

October 2022

Recent news

Equinox completed an updated Feasibility Study for Los Filos, increasing the mineral reserves by 44% to 5.4Moz of gold with a strong after tax NPV@5% of US$625M and IRR of 26%. The mine is anticipated to produce 3.97Moz over the life of the mine, with peak production of 360,000oz/y.

The study included a revised mine plan and 101,407m of exploration drilling.

OperatorEquinox Gold Corp
Mining TypeOpen Pit

Location Map


2023 Production159,100 ozs
2024 Forecast165,000 ozs

Mineral Reserve Statement

Proven & Probable193Mt @ 0.86gpt Au, 6.83gpt Ag
Measured & Indicated519Mt @ 0.80gpt Au, 7.21gpt Ag
Inferred136Mt @ 0.74gpt Au, 8.93gpt Ag
Total654Mt @ 0.78gpt Au, 7.55gpt Ag

Source: Capital IQ