Americas-focused Equinox Gold has had a strong first quarter, bolstered by production from its newly acquired assets, reporting record gold production and record earnings, despite navigating challenges related to the Covid-19 pandemic.
The miner, which added four mines to its two when the merger with Leagold closed on March 10, produced 88 951 oz of gold and sold 82 629 oz in the first quarter. In the fourth quarter of 2019, Equinox produced 80 176 oz.
The company achieved an average gold price of $1 574/oz and produced at an all-in sustaining cost of $968/oz.