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 production at its Mesquite Gold Mine in California, near-term production from its Aurizona Gold Mine in Brazil, and production growth from development of its Castle Mountain Gold Mine in California. To expedite its objective of becoming a mid-tier gold producer, Equinox Gold is also reviewing opportunities to acquire new producing gold mines that fit with the Company’s portfolio.
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.
Equinox Gold is producing gold from its Mesquite Gold Mine in California and the Company’s production will nearly double in 2019 when the Aurizona Gold Mine in Brazil commences operations, with the target of ~136,000 oz/year from Aurizona. Production will grow by an additional ~45,000 oz/year in 2020 with Phase 1 production from the Castle Mountain Gold Mine in California, and expand again when Castle Mountain ramps up to ~200,000 oz/year with Phase 2 operations.
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 September 30, 2018 the Company had ~US$55 million in cash and marketable securities, US$42 million undrawn on a credit facility for Aurizona construction, and access to a US$200 million development and acquisition facility.
With production underway at Mesquite, construction well advanced at Aurizona and on track to achieve commercial production around the end of Q1-2019, the Castle Mountain prefeasibility completed in July 2018 and Phase 1 production targeted for 2020, and optimization and exploration planned for all three projects, Equinox Gold is focused on adding value on a number of fronts.