New Equinox mine in Brazil reaches business milestone

Canadian miner Equinox Gold has achieved business manufacturing at its Santa Luz mine, in Brazil.

“Santa Luz is our fourth working mine in Brazil and represents 100,000 ounces of common annual manufacturing with mine life extension potential from near-mine floor targets, an underground deposit, and extra alternatives within the 70-km-long mineralized greenstone belt that hosts our Santa Luz and Fazenda mines,” mentioned president and CEO Greg Smith on Tuesday.

The Santa Luz mill is working at about 90% of design capability of seven 400 t/d, with recoveries constantly above 70% and ranging as much as 85%.

About 23 000 ozof gold have been produced to September 30, and gold manufacturing is anticipated to proceed to extend by the fourth quarter of 2022.

Equinox began constructing the Santa Luz mine in late 2020 and started mining in June final 12 months. An extended-than-expected ramp-up has extended business manufacturing, which together with different disruptions at different operations, resulted within the firm in April reducing its steerage for the 12 months to between 550 000 ozand 615 000 oz.

“We thank the Santa Luz staff for his or her dedication and onerous work to attain this business manufacturing milestone and have a good time their exemplary security document, working greater than 4.3-million hours for the reason that begin of development with no lost-time accidents,” mentioned Smith.

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