PIRGF - Equinox Gold Boosts Its Growth Prospects Significantly
- Equinox Gold announced the acquisition of Premier Gold Mines.
- Equinox will acquire 50% of the Hardrock gold project, with an after-tax NPV(5%) around $2 billion at the current gold price.
- Equinox will also acquire producing Mercedes gold mine, with an annual production rate around 50,000 toz gold, at an AISC around $830/toz.
- Equinox will retain also the Hasaga and Rahill-Bonanza projects.
- The remaining assets of Premier Gold will be spun out into i-80 Gold Corp., whose shares will be distributed to Premier Gold's shareholders.
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Equinox Gold Boosts Its Growth Prospects Significantly