Business
Equinox Gold Provides Updated 2025 Gold Production and Cost Guidance, 2025 Full-year Pro Forma Guidance, Including Calibre Mining Assets, of 785,000 - 915,000 Ounces of Gold, Greenstone Mine Expecting Strong H2 2025
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is updating its 2025 production and cost guidance to reflect the business combination with Calibre Mining Corp. ("Calibre"), which is expected to close around the end of June 2025, and the slower-than-planned ramp-up at the Company's Greenstone Gold Mine ("Greenstone") in Ontario, Canada. The Company expects pro forma full-year 2025 production of ..
About this update from Equinox Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is updating its 2025 production and cost guidance to reflect the business combination with Calibre Mining Corp. ("Calibre"), which is expected to close around the end of June 2025, and the slower-than-planned ramp-up at the Company's Greenstone Gold Mine ("Greenstone") in Ontario, Canada. The Company expects pro forma full-year 2025 production of 785,000 to 915,000 ounces of gold, with total cash costs ("TCC") of $1,400 to $1,500 per ounce and all-in sustaining costs ("AISC") of $1,800 to $1,900 per ounce, including Calibre's full-year guidance (see Calibre news release dated January 8, 2025). Pro forma guidance excludes production and costs from Calibre's Valentine Gold Mine ("Valentine") and Equinox Gold's Los Filos Complex. Equinox Gold will host a conference call and webcast to discuss pro forma guidance on Thursday, June 12, 2025 commencing at 7:00 am PT (10:00 am ET). Login and dial-in details are included at the end of this news release.","length":1193,"tagName":"p"},{"type":"text","content":"Greg Smith, President & CEO of Equinox Gold, stated: "Since achieving commercial production at Greenstone in Q4 2024, the ramp-up has been slower than planned. Mine productivity and equipment availability, particularly with the primary loading fleet, have fallen short of plan, impacting mining rates and delaying access to higher-grade ore zones. Further, year-to-date mined grades have been below expectations, in part due to higher-than-anticipated dilution. On the processing side, while we are seeing improvements in throughput and recovery, year-to-date performance is also below plan. We are addressing the shortfalls and are revising Greenstone full-year production guidance to 220,000 to 260,000 ounces of gold. Reflecting this change, some refinements to our other assets and the anticipated completion of the business combination with Calibre, consolidated pro forma 2025 guidance is 785,000 to 915,000 ounces of gold at an AISC of $1,800 to $1,900 per ounce, excluding Valentine and Los Filos. For Q2 2025, we expect consolidated production of 135,000 to 145,000 ounces of gold from Equinox Gold min...