Trident Royalties PLC

Production

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. 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.

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.

LocationMexico
OperatorEquinox Gold
CommodityGold
Mining MethodOpen Pit & Underground
StageProduction

Los Filos Gold Mine

Proven35Mt @ 0.77g/t – 877koz
Probable158Mt @ 0.88g/t – 4.5Moz
Total193Mt @ 0.86g/t – 5.4Moz

Source: Equinox Gold – www.equinoxgold.com/reserves-and-resources