Equinox Gold Stock Price, News & Analysis

Equinox Gold Corp. (NYSE American: EQX) will hold its annual general meeting (AGM) on May 5, 2021, at 1:30 pm Vancouver time. The company will announce its first quarter 2021 financial results during market hours on the same day and discuss them in a corporate update at 2:00 pm. Due to COVID-19, the AGM will be virtual, with registered shareholders able to submit questions. Proxy forms for voting must be submitted by May 3, 2021. Detailed meeting materials are available on Equinox Gold's website.

Equinox Gold Corp. (NYSE American: EQX) has sold its Pilar Gold Mine in Brazil to Pilar Gold Inc. for a total of $38 million. The payment structure includes $10.5 million on closing, $10 million due by May 31, and $17.5 million by July 31, 2021. Equinox will also receive a 9.9% equity interest in Pilar Gold Inc. and a 1% net smelter returns royalty. The Pilar Gold Mine represents approximately 35,000 ounces (5%) of Equinox's 2021 production guidance of 600,000 to 665,000 ounces of gold.

Equinox Gold Corp. has successfully acquired an additional 10% interest in the Greenstone Project, now holding 60% overall. The transaction, which closed on April 16, 2021, involved a cash payment of US$51 million to Orion Mine Finance Group. The Company also agreed to pay US$5 million contingent on a positive mine construction decision, plus approximately 2,200 ounces of refined gold based on production milestones. This joint venture is expected to yield over 240,000 ounces of gold annually upon production.

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced the start of development for the Bermejal underground mine at the Los Filos Mine in Mexico. This project aims to enhance production with higher-grade ore.

Additionally, the company secured an updated social collaboration agreement with the Carrizalillo community, reinforcing community benefits and extending until April 2025.

CEO Christian Milau highlighted the positive impact of both the mine development and community engagement on future production and local welfare.

Equinox Gold Corp. has successfully acquired Premier Gold Mines Limited, enhancing its portfolio with assets including the Hardrock Project, now named Greenstone Project, and the producing Mercedes Mine in Mexico. This acquisition positions the company with eight operating mines and significant gold reserves across North America. Premier shareholders will receive Equinox shares and shares in the newly spun-out i-80 Gold Corp. Equinox also raised C$75 million through a private placement, with strategic growth initiatives underway for the Greenstone Project and other existing operations.

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) has agreed to sell 10 million shares of Solaris Resources Inc. for approximately C$82.5 million to Augusta Investments Inc. and a strategic shareholder. The sale includes warrants for an additional 5 million shares at C$10.00 each, potentially raising total proceeds to C$132.5 million. Post-sale, Equinox will hold about 16.9% of Solaris. CEO Christian Milau emphasized the transaction strengthens Equinox's balance sheet amidst ongoing expansion efforts.

Equinox Gold Corp. (EQX) will host its annual general meeting (AGM) on May 5, 2021, at 1:30 pm Vancouver time, in a virtual format due to COVID-19. Shareholders can participate via a live audiocast, and questions can be submitted through the platform. A conference call will follow at 2:00 pm to discuss business strategies and provide updates on ongoing projects. The company has filed a technical report on the Castle Mountain Gold Mine expansion and its Annual Information Form for the year ended December 31, 2020, available on its website and regulatory filings.

Equinox Gold Corp. (EQX) announced positive results from its Phase 2 expansion feasibility study at Castle Mountain Gold Mine, California. The mine is projected to produce 3.2 million ounces of gold at an average AISC of $858/oz, with average annual output of 218,000 oz over 14 years. The after-tax NPV5% is estimated at $640 million with an IRR of 18% at a gold price of $1,500/oz. The expansion is expected to create over 400 jobs and enhance operational efficiency through milling of higher-grade ore.

Equinox Gold (TSX: EQX, NYSE American: EQX) has filed its audited financial statements and related management's discussion and analysis for the year and quarter ending December 31, 2020. The details are accessible on the Company's website, SEDAR, and EDGAR sites. This filing is crucial for investors seeking insights into the Company's financial health and operational performance over the reporting period.