(Kitco News) - Equinox Gold (TSX: EQX) announced today that, as previously disclosed, permits for the scheduled tailings storage facility ("TSF") raise at the company's RDM mine in Brazil have been delayed.
Therefore, Equinox said that the company has temporarily suspended RDM operations until this matter can be resolved, adding that discussions with regulatory authorities are ongoing and the TSF raise contractor is ready to mobilize and commence work.
Importantly, Equinox Gold noted it expects that full operations could restart as soon as two months from the receipt of regulatory approval, which is anticipated during Q2 2022.
The company also said it is withdrawing its 2022 production guidance for the RDM mine, forecast at 70,000 to 80,000 ounces of gold or approximately 11% of consolidated production using the mid-point of Equinox Gold's 2022 production guidance of 625,000 to 710,000 ounces of gold. Guidance will be updated when RDM has resumed operations.
Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas, with seven operating gold mines (including Mercedes) and a plan to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects.
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