Laurion Mineral Exploration Inc. V.LME

Greenstone Mine (Equinox) Comparison

[ahsineeg]

Equinox Gold relased their financials last night, and investor call is happning in 2 hours to discuss.  I was most interested in reviewing their results as they had said they would provide updated guidance about the Greenstone mine (50km from the Ishkoday) which is scheduled to begin production in a couple months. 

We hear a lot about how productions costs for LME will be super low...but what does that really mean? Look at the estimated cash costs and AISC (all in sustaining costs) that Equinox has estimated for their Greenstone Mine, in comparision to their other operating mines.  





Exciting times ahead! 

EQX Presentation

[Jimo82]

This comment in their PR stuck out. The project was well advanced before construction began, with: 85% complete detailed engineering  Multiple reviews of engineering and capital cost (capex) estimates Self assessment and external independent construction readiness review An Independent Quantitative Risk Analysis of capex and schedule Multiple geotechnical foundation

[Jimo82]

Also $690-$790 cash cost to mine is incredible! At current Gold prices this will be their most profitable mine with operations costs coming in half of any other mines they operate. LME is located next door, as a major Gold producer, i'd be opening up my cheque book to snatch it up.