Equinox Gold Achieves Commercial Production at Greenstone Mine

Greenstone Mine Reaches Full-Scale Operations

Equinox Gold has reached full commercial production at its Greenstone gold mine in Ontario, Canada. This milestone marks the successful ramp-up of the operation, positioning Greenstone as one of Canada’s largest open-pit gold mines. The mine is on track to meet production targets, playing a key role in Equinox Gold’s growth.

Production Ramp-Up: Strong Start with Continued Progress

During the ramp-up phase, Greenstone processed 14,300 tonnes per day (tpd) in October, achieving 53% of its designed throughput. By November 5, throughput rose to 20,400 tpd, reaching 76% of the design target. Gold recovery rates also improved, with daily highs exceeding 90%, and an average recovery of 78% for October.

Strategic Focus on Increased Production and Recovery

Equinox Gold is working on further optimizing plant operations and improving gold recovery. The Greenstone mine is expected to produce an average of 390,000 ounces of gold annually in its first five years, with 330,000 ounces per year over its 15-year life. These improvements will drive positive cash flow and long-term value for Equinox Gold.

Ownership and Development Milestones

Equinox Gold acquired full ownership of the Greenstone mine in April 2024 and poured its first gold in May 2024. The mine’s transition to commercial production highlights the resilience of Equinox Gold’s team in overcoming challenges such as supply chain disruptions and inflationary pressures.