GOLD - Equinox Pours First Gold At Geenstone: Billion-Dollar Acquisition 'Is Transformational' Analyst Says | Benzinga
Equinox Gold (AMEX:EQX) has successfully poured its first gold on schedule at the Greenstone project in northern Ontario.
The miner achieved this milestone one month after fully acquiring the Greenstone project for nearly $1 billion from Orion Mine Finance.
“We look forward to ramping up to commercial production in the third quarter of this year and delivering sustained value from the Greenstone mine for all our stakeholders,” Equinox Gold CEO Greg Smith said.
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Greenstone is poised to become a game-changer for Equinox, with projections of reaching 90% of its 27,000 tonne-per-day capacity by year’s end.
The mine boasts a robust stockpiled ore reserve of 1.5 million tons, further ...