(Kitco News) - Equinox Gold (TSX: EQX) announced Tuesday that further to its press release dated May 16, 2022, approval for the tailings storage facility ("TSF") raise at its RDM mine in Brazil has been received.
The company said that the TSF raise contractor is mobilizing equipment to begin the raise in early June, adding it expects that full operations will resume by mid-July.
Equinox Gold noted it will update RDM guidance with its Q2 2022 disclosures in the first week of August.
The RDM mine is located in Minas Gerais State, Brazil, about 560 kilometres north of the state capital city of Belo Horizonte. The mine area covers approximately 22,600 ha and is accessible by air and road.
It was acquired by Brio Gold in April 2016 and subsequently acquired by Leagold in May 2018. The operation is a conventional open pit mine with a 7,000 t/d carbon-in-leach (CIL) plant.
The RDM mine commenced production in early 2014. Average life of mine production at RDM is estimated to be approximately 98,000 ounces of gold per year over a nine-year mine life.
RDM operations were temporarily suspended on May 15 as the result of a permitting delay for a tailings facility raise. Full operations could resume within two months of receiving the permit.
Equinox Gold is a multi-asset mining company and one of the only gold producers of scale operating entirely in the Americas. The company has seven mines and is advancing four growth projects that will significantly increase production in the near term.
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