Equinox Gold Corp has provided an update on the progress of their Greenstone Project in Ontairo, Canada.
Greenstone will be one of the largest gold mines in Canada with average annual gold production of more than 400,000 ounces over the first five years. It will also produce more than five million ounces of gold over its initial 14-year mine life.
- Schedule – The Greenstone Project is 85% complete. A third independent quantitative risk assessment completed in Q2 2023 concluded that the Greenstone Project remains on schedule to pour gold in the first half of 2024.
- Budget – The Greenstone Project remains on track for a total spend of $1.23 billion. At June 30, 2023, $937 million (76%) of the budget had been spent (100% basis) with approximately $170 million remaining for Equinox Gold’s share to fund through to project completion
Greg Smith, President & CEO of Equinox Gold, commented: “The Greenstone Project continues to advance on budget and on schedule. With most ancillary facilities complete and transferred to the operations team and construction activities 83% complete, our focus is shifting toward commissioning and operational readiness as we advance to construction completion and first gold pour in the first half of 2024, and then achieving commercial production.”
Como Enginers has supplied a 12T Pressure Zandra (PZ) gold elution plant for the project. Como Engineers (in partnership with our Canadian agents PacificOra) are pleased to be part of this exciting project.
The full announcement can be found here https://www.newsfilecorp.com/release/175576/
