Equinox - Premier deal
My first reaction is that the winner here is Argonaut. Suddenly, Magino looks pretty good in comparison to Hardrock, the marquee asset in Premier.
Remember that Magino is supposed to produce 150,000 annual oz at a capex of US$370 million. Argonaut has taken some flack for this apparently large capex.
According to Scotia, Hardrock's 2016 feasibility study called for average annual production of 288,000 oz for capex of CDN$1.25 B or US$975 million or 2.6 X Magino's nut.
I see in the Equinox press release reference to 200,000 annual oz and as they're buying 50% of the project, obviously they see quite a bit higher annual oz., at least in the early years. Anyway, when Ross Beatty goes for a deal like this, it sure makes Argonaut look pretty good.