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Equinox Gold Ord Shs T.EQX

Alternate Symbol(s):  EQX

Equinox Gold Corp. is a Canadian mining company operating entirely in the Americas, with eight producing gold mines. Its operating mines include Aurizona Gold Mine, Fazenda Gold Mine, Santa Luz Gold Mine, RDM Gold Mine, Los Filos Gold Mine, Castle Mountain Gold Mine, Mesquite Gold Mine and Greenstone Gold Mine. Its development projects include Greenstone Project, Los Filos Expansion, Castle Mountain Expansion, and Aurizona Expansion. Aurizona Gold Mine is an open-pit gold mine located in northeastern Brazil near the town of Godofredo Viana in Maranhao State. Greenstone Gold Mine is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada. Fazenda Gold Mine is located within the Maria Preta mining district in Bahia State, Brazil. RDM Gold Mine is located in Minas Gerais State, Brazil, about 560 kilometers (km) north of the state capital city of Belo Horizonte. The Los Filos Mine Complex is in Guerrero State, Mexico.


TSX:EQX - Post by User

Post by templetooth2on Dec 16, 2020 2:17pm
352 Views
Post# 32120295

Ballpark numbers

Ballpark numbers
Premier has 282 million shares outstanding X .1967 = 55.5 million shares of EQX to be issued.

55.5 mm sh X $12.70 per sh = Cdn$705 million = US$550 million value of transaction ex-Nevada.

The Mercedes mine had about 587,000 oz Au M&I plus inferred and about 6 million oz Ag. Since then, 2 years of  production. Let's call it 580,000 oz. Probably generous, but we need a number. Value those ounces at US$100 per which gives you $58 million for Mercedes. Say the Red Lake properties are worth $12 million. So, $70 million all told for "other assets", meaning they are paying US$480 million for half of Hardrock.

Hardrock is advertized as 4.6 million ounces. So, 2.3 million oz for $480 million = US$208.70 per oz in the ground. That's not cheap, but Ross Beatty is a lot smarter than me.

I would, however, point out that you can buy today a stock like Skeena which is trying to get to 5 million ounces, but let's today they have the identical 4.6 million as Hardrock. You can buy SKE for ballpark $100 per ounce but you get at least 3 X the grade: close to 5 grams per t.
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