Equinox Gold: Greenstone Project Set to Start Gold Production

The company expects to begin commercial production in Q3 this year.

SEATTLE (Scrap Monster): Equinox Gold provided update on the progress of commissioning of its Greenstone Project in Ontario, Canada. As planned before, Greenstone is on track to produce first gold during the second quarter of the current year, the company press release said.

As per update provided by the company, ore was first introduced into the grinding circuit on 6th April, 2024. The first gold pour is expected in May. Over 1.5 million tonnes of ore have been stockpiled, with more than 70,000 tonnes of low-grade ore pre-crushed. Higher-grade ore will be fed into the mill as it ramps up production. The company expects to begin commercial production in Q3 this year.

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Commenting on the milestone development, Greg Smith, President & CEO of Equinox Gold noted that the anticipated commencement of gold production is a significant achievement and a testament to the experience of the Greenstone team. Also, reaching production will be a pivotal milestone for Equinox Gold. Once fully operational, Greenstone will be the company’s largest and lowest cost-mine, Smith added.

The Greenstone Project is considered as one of the largest gold mines in Canada, with a capacity to produce around 400,000 ounces of gold per annum for the initial five-year period and over 5 million ounces of gold over its initial mine life of 14 years.

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