Saturday, June 21, 2025

Equinox Gold Guides 2022 Production To 625,000 – 710,000 Gold Ounces

Equinox Gold Corp. (TSX: EQX) shared today its 2022 production guidance, targeting 625,000 – 710,000 gold ounces for the year. This is an increase from its 2021 production of 602,100 ounces.

“Our 2022 guidance represents the fourth consecutive year of production growth at Equinox Gold,” said CEO Christian Milau.

The annual production in 2021 met the guidance of 560,000 – 625,000 ounces. The production this year is expected to include results from the newly commissioned Santa Luz mine in Brazil.

The firm is also estimating cash costs and all-in sustaining costs for 2022 to be US$1,080 – US$1,140 and US$1,330 – US$1,415 per ounce, respectively. In 2021, the firm’s guidance for these costs are US$1,025 – US$1,075 and US$1,300 – US$1,375 per ounce, respectively.

The company also earmarked US$195 million for sustaining capital expenditures as it works towards “becoming a million-ounce producer.” This investment is expected to focus on stripping campaigns at the Mesquite, Aurizona, and Santa Luz mines, and the delayed underground development work at the Los Filos mine.

Milau added that the firm’s key focus in 2022 is the Greenstone project construction, which is estimated to take up US$326 million of the estimated non-sustaining capital of US$487 million next year.

After releasing its Q4 and full-year 2021 production results, the company saw BMO Capital Markets reiterate their $14.50 12-month price target and outperform rating for the firm.

Equinox Gold last traded at $8.71 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Equinox Gold Drops US$995 Million To Acquire Final 40% Of Greenstone Mine

Equinox Gold (TSX: EQX) is set to pay big dollars to obtain whole ownership of...

Wednesday, April 24, 2024, 08:59:27 AM

Equinox Gold: Haywood Slashes Targets After Poor Q2 Performance

Equinox Gold Corp. (TSX: EQX) last week reported its second quarter financial results. The company...

Monday, August 8, 2022, 03:49:00 PM

Premier Gold To Conduct $84.0 Million Financing Under i-80 Gold Subsidiary

Premier Gold Mines (TSX: PG) this morning announced a private placement in connection with its...

Wednesday, February 24, 2021, 08:18:43 AM

Bear Creek Mining Enters Royalty Agreement, Convertible Debt Deal To Fund Mercedes Mine Purchase

It appears that Bear Creek Mining (TSXV: BCM) is nearly giving away the farm in...

Friday, December 17, 2021, 08:53:29 AM

Elemental Royalties: Key Gold Royalty Project Commences Production

On June 25, Elemental Royalties Corp. (TSXV: ELE), a gold-focused royalty company, announced that continuous...

Friday, July 2, 2021, 01:30:00 PM