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Equinox Gold Provides Update Related to COVID-19 Pandemic

Mining News - Published on Fri, 03 Apr 2020

Image Source: equinoxgold.com
Equinox Gold Corp has provided an update related to the COVID-19 pandemic. Equinox Gold will temporarily suspend mining activities at its Los Filos Mine in Guerrero State, Mexico in compliance with a recent order by the Federal Government of Mexico requiring the temporary suspension of all non-essential businesses until April 30, 2020. The Company will continue processing solution from the heap leach pads and expects that gold production will continue at a reduced level through the temporary suspension.

The Company has also temporarily suspended operations at its Pilar Mine in Goiás State, Brazil in compliance with State Government restrictions. To maintain appropriate safety, security and environmental systems, the mine will continue to be staffed by a reduced workforce.

The Company's RDM Mine in Minas Gerais State, Brazil is recommencing full operations after a previously announced short-term suspension of mining activities in compliance with a municipal restriction.

The Company's other producing mines continue to operate normally with COVID-19 safety and preventive measures in place. The Company is currently unable to determine the potential effects of the COVID-19 pandemic on fiscal 2020 guidance and will provide updates as practical.

Equinox Gold is a Canadian mining company with six producing gold mines, a multi-million-ounce gold reserve base and a strong growth profile from two development projects and two expansion projects. Equinox Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil.

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Posted By : Rabi Wangkhem on Fri, 03 Apr 2020
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