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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

Comment by Zvezdoliot1on Jul 01, 2021 3:22pm
278 Views
Post# 33479838

RE:RE:UNBELIEVABLE BARGAIN

RE:RE:UNBELIEVABLE BARGAINthe difference is that Equinox will never go bankrupt but will grow and grow - it will be 30-40 doll stock just with the current  average gold prices, and if the price of gold settles in beyond 2000 doll , the stock will be wirth even more. Look to the longer perspective, imagine the cahrt in 2-3 years, this even will not even be noticed.

Even the worst and impossible case if they lose this mine (hypothetically) due let's say nationalization (which is impossible in Mexico because they would lose all the mining invetors then) it is only 30% of their production; these blockades is a business as usual, just a little hickup in Latin America mining and always priced in price; it affects the the price in short term to shake down some weak hands and then pick it up the stock. Mexico is not Kyrgyzstan like in Centerra's case, it is not crazy Erdogan's Turkey like for Yamana (I think), it is not insurgent Mali like in BTO, Mexico is pretty much stable for mining as it closely connected to the US and Canada in NAFTA market.

even Centerra gold that lost Kumtor won't go to bankrupt.


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