Mining activities are currently focused on removing waste from two locations and developing access roads, ramps, dumps and ore storage areas in preparation for a pre-stripping campaign prior to mining ore in late 2021.
As a brownfield past-producing mine, the majority of site services and infrastructure is already in place at Santa Luz.
Using the base case $1,500/oz gold price, Santa Luz is expected to produce 903,000 ounces of gold and generate $436 million in after-tax net cash flow over an initial 9.5-year mine life.
Midday Tuesday, Equinox’s stock was down 1.5% on the NYSE. The company has a $2.5 billion market capitalization.
