VANCOUVER, BC, Oct. 4, 2022
/CNW/ - Equinox Gold Corp. (TSX: EQX) (NYSE American:
EQX) ("Equinox Gold" or the "Company") is pleased to announce that
commercial production has been achieved at the Company's Santa Luz
Gold Mine in Brazil effective
October 1, 2022.
The Santa Luz mill is operating at approximately 90% of design
capacity of 7,400 tonnes per day, with recoveries consistently
above 70% and ranging up to 85%. Approximately 23,000 ounces of
gold have been produced to September 30,
2022, and gold production is expected to continue to
increase through the fourth quarter of 2022.
Greg Smith, President & CEO
of Equinox Gold, commented: "Santa Luz is our fourth operating mine
in Brazil and represents 100,000
ounces of average annual production with mine life extension
potential from near-mine surface targets, an underground deposit,
and additional opportunities in the 70-km-long mineralized
greenstone belt that hosts our Santa Luz and Fazenda mines. We
thank the Santa Luz team for their dedication and hard work to
achieve this commercial production milestone and celebrate their
exemplary safety record, working more than 4.3 million hours since
the start of construction with no lost-time injuries."
Equinox Gold Contacts
Greg Smith, President & Chief
Executive Officer
Rhylin Bailie, Vice President,
Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
About Equinox Gold
Equinox Gold is a Canadian mining company operating entirely in
the Americas, with seven operating gold mines and a clear path to
achieve more than one million ounces of annual gold production from
a pipeline of development and expansion projects. Equinox Gold's
common shares are listed on the TSX and the NYSE American under the
trading symbol EQX. Further information about Equinox Gold's
portfolio of assets and long-term growth strategy is available at
www.equinoxgold.com or by email at ir@equinoxgold.com.
Cautionary Notes
This news release contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation. Forward-looking statements and
forward-looking information in this news release relate to, among
other things: the strategic vision for the Company and expectations
regarding exploration potential, production capabilities and future
financial or operational performance, including Santa Luz's
production capabilities and the ability to extend the mine life at
Santa Luz, and the Company's ability to successfully advance its
growth and development projects. Forward-looking statements or
information generally identified by the use of the words
"continue", "achieve", "expected", "on track" and similar
expressions and phrases or statements that certain actions, events
or results "may", "could", or "should", or the negative connotation
of such terms, are intended to identify forward-looking statements
and information. Although Equinox Gold believes that the
expectations reflected in such forward-looking statements and
information are reasonable, undue reliance should not be placed on
forward-looking statements since Equinox Gold can give no assurance
that such expectations will prove to be correct. The Company has
based these forward-looking statements and information on Equinox
Gold's current expectations, projections and assumptions about
future events and these assumptions include: Equinox Gold's ability
to achieve the exploration, production, cost and development
expectations for Santa Luz and its other operations and projects;
prices for gold remaining as estimated; currency exchange rates
remaining as estimated; availability of funds for the Company's
project and future cash requirements; and prices for energy inputs,
labour, materials, supplies and services remaining as estimated.
While the Company considers these assumptions to be reasonable
based on information currently available, they may prove to be
incorrect. Accordingly, readers are cautioned not to put undue
reliance on the forward-looking statements or information contained
in this new release.
The Company cautions that forward-looking statements and
information involve known and unknown risks, uncertainties and
other factors that may cause actual results and developments to
differ materially from those expressed or implied by such
forward-looking statements and information contained in this news
release. Equinox Gold has made assumptions and estimates based on
or related to many of these factors. Such factors include, without
limitation: fluctuations in gold prices; fluctuations in prices for
energy inputs, labour, materials, supplies and services;
fluctuations in currency markets; operational risks and hazards
inherent with the business of mining (including environmental
accidents and hazards, industrial accidents, equipment breakdown,
unusual or unexpected geological or structural formations,
cave-ins, flooding and severe weather); inadequate insurance, or
inability to obtain insurance to cover these risks and hazards;
employee relations; relationships with, and claims by, local
communities and indigenous populations; no labour-related
disruptions and no unplanned delays or interruptions in scheduled
construction, development and production, including by blockade or
industrial action; the Company's ability to obtain all necessary
permits, licenses and regulatory approvals in a timely manner or at
all; changes in laws, regulations and government practices,
including environmental and export and import laws and regulations;
the Company's ability to comply with all environmental, health and
safety laws and other regulatory requirements legal restrictions
relating to mining including those imposed in connection with
COVID-19; and those factors identified in the section titled "Risks
and Uncertainties" in Equinox Gold's MD&A dated March 23, 2022 for the year ended December 31, 2021, and in the section titled
"Risks Related to the Business" in Equinox Gold's Annual
Information Form dated March 24, 2022
for the year ended December 31, 2021,
both of which are available on SEDAR at www.sedar.com and on EDGAR
at www.sec.gov/edgar. Forward-looking statements and information
are designed to help readers understand management's views as of
that time with respect to future events and speak only as of the
date they are made. Except as required by applicable law, Equinox
Gold assumes no obligation to update or to publicly announce the
results of any change to any forward-looking statement or
information contained or incorporated by reference to reflect
actual results, future events or developments, changes in
assumptions or changes in other factors affecting the
forward-looking statements and information. If Equinox Gold updates
any one or more forward-looking statements, no inference should be
drawn that Equinox Gold will make additional updates with respect
to those or other forward-looking statements. All forward-looking
statements and information contained in this news release are
expressly qualified in their entirety by this cautionary
statement.
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SOURCE Equinox Gold Corp.