Equinox Gold Corp. reports news as a Canadian gold mining company with operating mines and development projects across Canada and the Americas. Recurring updates cover gold production, operating costs, financial results, Mineral Reserves and Mineral Resources, technical reports, and operating progress at assets including the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland and Labrador.
Company announcements also address expansion and development work at projects such as Castle Mountain and Los Filos, portfolio changes following the completed Calibre combination, balance-sheet management, dividends, normal course issuer bids, and annual shareholder meeting results. The news record reflects a producer focused on gold operations, mine ramp-ups, exploration and capital allocation.
Equinox Gold Corp. (TSX: EQX) announced a revised credit facility to strengthen its balance sheet and liquidity. Key changes include increasing the revolving facility limit from $400 million to $700 million, with $300 million drawn at the end of Q2 2022 and an additional $100 million drawn in July 2022. The facility eliminates principal payments until mid-2026 and adds a $100 million uncommitted accordion feature. Pricing for advances has been reduced, and the maturity date extended to July 2026. CFO Peter Hardie emphasized the benefits of this financial flexibility for the company's growth strategy.
Equinox Gold Corp. (TSX: EQX) has announced that its Greenstone Project in Ontario, Canada, is on track for completion. As of July 22, 2022, the project is 35% complete, with a budget of $1.23 billion and $315 million expended. Independent assessments confirm that it remains on schedule to pour gold by mid-2024. Key developments include the delivery of haul trucks, with pre-production mining set to begin in Q4 2022. Overall, the project is on budget with no recorded lost-time injuries, allowing for sustained progress despite inflation and supply chain challenges.
Equinox Gold Corp. (TSX: EQX) will release its unaudited financial and operational results for Q2 2022 on August 3, 2022, after market close. A conference call and webcast will follow on August 4, 2022, at 7:30 AM PT (10:30 AM ET) for discussion of the results. Investors can access the call toll-free in the U.S. and Canada at 1-800-319-4610 or internationally at +1 604-638-5340. The webcast will be available for archival viewing on Equinox Gold's website until January 4, 2023.
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Equinox Gold Corp. (TSX: EQX) has received approval for the tailings storage facility (TSF) raise at its RDM Mine in Brazil, following its earlier announcement. The contractor is set to mobilize equipment in early June, aiming for full operational resumption by mid-July 2022. An update on RDM's guidance will be provided with Q2 2022 disclosures in the first week of August. The company warns that forward-looking statements in this release are subject to risks and uncertainties that could impact actual results.
Equinox Gold Corp. (TSX: EQX, NYSE: EQX) and Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) announced the formation of Sandbox Royalties Corp., a new diversified metals royalty company. Rosedale Resources Ltd. will acquire royalties from Equinox Gold and Sandstorm for a total of $93.4 million. Sandbox will hold a diversified portfolio of 23 royalties across various metals, providing immediate cash flow and exposure to resource growth. Equinox and Sandstorm will retain significant ownership stake of 30% and 34%, respectively, in Sandbox, supporting future growth.
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Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced the temporary suspension of operations at its RDM Mine in Brazil due to delays in obtaining permits for a tailings storage facility (TSF) raise. The company expects to resume operations within two months of receiving regulatory approval, anticipated in Q2 2022. As a result, Equinox has withdrawn its 2022 production guidance for RDM, which was initially forecasted at 70,000 to 80,000 ounces of gold, approximately 11% of total consolidated production of 625,000 to 710,000 ounces.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced that shareholders approved all proposals at the annual general meeting on May 4, 2022. Notably, the election of management's nominees as directors and the appointment of KPMG LLP as the independent auditor received wide support, with over 99% voting in favor. Additionally, amendments to the company's restricted share unit plan were accepted, increasing the maximum number of shares from 7 million to 12.4 million. All voting results can be reviewed in detail on the company's website.
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