Trident Royalties PLC


Equinox Gold Los Filos Offtake

Trident owns an off-take for 50% of the gold produced at Equinox Gold’s Los Filos Gold Mine up to 1,100,000 delivered ounces.

Equinox Gold Los Filos Offtake

Los Filos is an operating mine located in Mexico with reserves of 4.4Moz. The mining operations comprise three open pits and two underground mines.

In October 2022, Equinox published an Updated Feasibility Study for Los Filos, increasing the mineral reserves by 44% to 5.4 million ounces of gold, and announced an intended rate of 360,000 ounces of average annual production from 2025-2030. Source: Equinox Gold (19 October 2022)

In 2023 the current reserves sit at 5354 koz @ 0.86 g/t Au (Combined proven + probable) and production is expected to fall between 160 – 180 koz of gold. Mine life is expected to be ~10 years with a possible phase two expansion.

OperatorEquinox Gold
Mining MethodOpen Pit & Underground

Los Filos Gold Mine

Proven26Mt @ 0.91g/t – 768koz
Probable78Mt @ 1.44g/t – 3.6Moz
Total104Mt @ 1.31g/t – 4.4Moz

Source: Equinox Gold