Make Kitco Your Homepage

Equinox Gold beats revised 2020 guidance, posts record Q4 production

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Equinox Gold (TSX, NYSE: EQX) announced today that it exceeded 2020 revised guidance of 425,000 to 465,000 oz with total production of 477,200 oz of gold.

Production for Q4 2020 totalled 136,400 oz of gold, including gold poured during commissioning and ramp-up at Castle Mountain.

The company said that its RDM mine “significantly outperformed” expectations, with the Mesquite, Aurizona and Pilar mines exceeding “the top end” of their guidance range.

All-in-sustaining costs for the full year are expected to be within guidance of $975 to $1,025 per oz of gold sold.

“Equinox Gold had another year of tremendous growth in 2020. We started the year with two producing gold mines and ended the year with seven producing mines, construction underway at an eighth site, and the announcement of our acquisition of Premier Gold Mines. This transaction brings additional diversification and scale with a world-class construction-ready project in Canada and a producing mine in Mexico, and provides additional value from our investment in a new Nevada-focused gold company,” said CEO Christian Milau.

Equinox Gold is a Canadian mining company with seven operating gold mines and construction underway at an eighth site. Equinox Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.