Equinox Gold Provided Fresh Update on Greenstone Project Progress

The project remains on track for a total spend of $1,225 million.

SEATTLE (Scrap Monster): Equinox Gold Corp. provided an update on the progress of construction and commissioning of its Greenstone Project in Ontario, Canada. The company owns 60% ownership in the project, which it jointly develops with Orion Mine Finance Group, which holds the remaining 40% interest.

According to the company press release, the Greenstone has achieved 96% completion. The pre-commissioning activities are in progress in most of the main process plant areas, including the crushing and grinding circuits. Also, wet commissioning is underway in select areas, it said.

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The project remains on track for a total spend of $1,225 million. As on 30th September, 2023, $1,087 million has been spent, which represents 89% of the total budget. The realigned portion of Highway 11 was opened to traffic and power plant was turned over to the operations team, ahead of plan. Also, all major equipment are currently on site. The electrical and instrumental installations in the process plant are in progress. Also, operational readiness activities and hiring of personnel are in progress as per plan.

The priority is now on completion and commissioning of the process plant, commissioning of the TSF and ramp up of mining and operations, said Greg Smith, President and CEO of Equinox Gold.

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