A commitment to open communication.
Equinox Gold’s commitment to upholding the highest industry standards includes a commitment to open communication with its investors and community partners.
Equinox Gold’s portfolio is anchored by near-term production from its two flagship gold assets: the Aurizona Gold Mine in Brazil, and the Castle Mountain Gold Mine in California. To expedite its production growth, Equinox Gold is also reviewing opportunities to acquire new producing gold mines that fit with the Company’s portfolio and long-term growth objectives.
Led by Ross Beaty as Chairman, Equinox Gold’s executives and directors have decades of exploration, construction, operations and project finance experience. Collectively the team has advanced more than 50 mines through construction and into production and built many successful resource companies.
First gold pour from the Aurizona Gold Mine in Brazil is targeted for year-end 2018, with the expectation of producing an average of 136,000 oz/year. Phase 1 commissioning for the Castle Mountain Mine in California is targeted for year-end 2019 with the expectation of producing more than 350,000 oz/year once both mines are ramped up to full capacity.
Equinox Gold has a broad shareholder base with strategic long-term shareholders and a balanced mix of institutional, high-net-worth and retail investors. Many of Equinox Gold’s executives and directors have personally invested in the company, aligning the interests of investors and Equinox Gold’s leadership team.
Equinox Gold is fully funded to advance Aurizona to production, undertake exploration at both Aurizona and Castle Mountain, and initiate development activities at Castle Mountain. At March 31, 2018 the Company had ~US$52 million in cash and marketable securities, US$70 million undrawn on a credit facility for Aurizona construction, and access to a US$200 million development and acquisition facility.
With construction well advanced at Aurizona and on track to pour gold by year-end 2018, the Castle Mountain prefeasibility completed in July 2018 and Phase 1 commissioning targeted for year-end 2019, and exploration planned for both projects, Equinox Gold is focused on adding value on a number of fronts.