Celebration 🥳 Equinox Gold Corp. celebrated the official opening of its Greenstone Mine in Geraldton, Ontario, marking a significant milestone for the company.
The mine, which began construction in October 2021, poured its first gold on May 22, 2024, and has since been steadily increasing production. By July 2024, the mine had produced 19,750 ounces of gold, following 2,625 ounces in May and 13,625 ounces in June. As of August, the mine’s throughput was exceeding 60% of its design capacity.
Equinox Gold fully acquired the Greenstone Mine after purchasing its joint venture partner, Orion Resource Partners’ 40% stake, making it the sole owner. The company sees the mine as a cornerstone asset, positioning it as one of Canada’s largest and lowest-cost gold producers. Smith expressed gratitude to the local Indigenous and community partners, the Ontario government, the company’s employees, contractors, and suppliers, as well as the Board of Directors for their support throughout the project.