{"id":1175473,"date":"2020-04-01T14:20:17","date_gmt":"2020-04-01T20:20:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1018958"},"modified":"2020-04-01T14:20:17","modified_gmt":"2020-04-01T20:20:17","slug":"equinox-targets-1moz-annual-production-over-next-two-years","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1175473","title":{"rendered":"Equinox targets 1Moz annual production over next two years"},"content":{"rendered":"<p>Equinox Gold (TSX: EQX) on Wednesday provided a <a aria-label=\"2020 production guidance (opens in a new tab)\" href=\"https:\/\/www.equinoxgold.com\/news\/equinox-gold-provides-2020-guidance-more-than-triples-annualized-gold-production-in-2020\"  rel=\"noreferrer noopener\">production and cost guidance for 2020<\/a> to reflect its expectations following the recent closure of the company&#8217;s <a aria-label=\"merger with Leagold Mining (opens in a new tab)\" href=\"https:\/\/www.mining.com\/equinox-leagold-merger-complete\/\"  rel=\"noreferrer noopener\">merger with Leagold Mining<\/a>.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Production guidance for 2020 is set at 540,000-600,000 oz at an all-in-sustaining cost (AISC) of $1,000-$1,060\/oz. This reflects production expectations from all the new additions to <a aria-label=\"the company's portfolio (opens in a new tab)\" href=\"https:\/\/www.mining.com\/equinox-leagod-merger-approved-creates-1-75bn-gold-miner\/\"  rel=\"noreferrer noopener\">the company&#8217;s portfolio<\/a> after March 10, the closing date of the merger.<\/p>\n<p>Total consolidated production in 2020, including gold produced by Leagold prior to the merger completion date, is estimated at 615,000-680,000 oz.<\/p>\n<p>The Los Filos mine in Mexico, the major asset acquired from Leagold, is forecast to produce 170,000-190,000 oz at an AISC of $1,000-$1,050\/oz. Guidance for the Mesquite mine in California is 120,000-130,000 oz at an AISC of $975-$1,025\/oz, and for the Aurizona mine in Brazil is 115,000-125,000 oz at an AISC of $1,100-$1,150\/oz. <\/p>\n<p>The three operations make up more than half of Equinox&#8217;s expected annual output. The balance of the production comprises the newly acquired Fazenda, RDM and Pilar mines, as well as the Castle Mountain property.<\/p>\n<p>Equinox CEO Christian Milau stated in a media release that his company expects to more than triple its annualized gold production in 2020, and is fully funded to increase production over the next two years to more than one million ounces annually.<\/p>\n<p>However, he also acknowledged that the covid-19 pandemic may present challenges for Equinox&#8217;s operations and affect its guidance for this year, and the company will adjust expectations when necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total production in 2020, including gold produced by Leagold prior to the merger completion, is estimated at 615,000-680,000 oz.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1175473"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1175473"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1175473\/revisions"}],"predecessor-version":[{"id":1175523,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1175473\/revisions\/1175523"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1175473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1175473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1175473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}