Why scale matters when building a gold miner

When Equinox Gold (TSE:EQX) was assembled in 2017, the goal was to build a company that is more liquid and more investable, said CEO Christian Milau who spoke to Kitco on Tuesday. The Ross Beaty-backed miner forecasts over 500,000 gold ounces of production in 2020 and 1M ounces in a few years out. Milau said scale is important, noting that Equinox's size has allowed the company to hit a threshold where it is now accessing passive funds and ETFs, which he said are significantly larger pools of capital. (show less)

When Equinox Gold (TSE:EQX) was assembled in 2017, the goal was to build a company that is more liquid and more investable, said CEO Christian Milau who spoke to Kitco on Tuesday. The Ross Beaty-backed miner forecasts over 500,000 gold ounces of production in 2020 and 1M ounces in a few years out. Milau said scale is important, noting that Equinox's size has allowed the company to hit a threshold where it is now accessing passive funds and ETFs, which he said are ... (read more)

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