Equinox Gold Suspends Operations At Los Filos Mine

Equinox Gold (TSX: EQX) has suspended operations at its Los Filos Mine in Mexico after it failed to renew a land access agreement with the nearby community of Carrizalillo that expired at the end of March.

Land access agreements for the Los Filos Mine are required for three communities in the area in order for the mine to operate. Equinox has indicated that new access agreements were entered into with the communities of Mezcala and Xochipala following terms being reached in January and their subsequent ratification. The community of Carrizalillo however has not yet entered into a long term agreement.

Los Filos in 2024 produced 170,369 ounces of gold at all in sustaining costs of $2,185 an ounce. While a major operation within Equinox’s portfolio, the company did not provide guidance on the mine for 2025 as a result of the ongoing land agreements. The signing of the long term agreements is also said to be required before the company decides whether to move forward with the addition of a new 10,000 tpd carbon-in-leach processing plant that would increase recoveries from higher grade ore.

Equinox in 2025 has guided to production of 635,000 to 750,000 ounces of gold at all in sustaining costs of $1,455 to $1,550 an ounce, figures which exclude Los Filos from the mix.

A timeline for the reopening of the mine was not provided.

Equinox Gold last traded at $9.89 on the TSX.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Equinox Gold Reduces Guidance Following Greenstone Underperformance

Equinox Gold (TSX: EQX) has issued revised guidance for 2025 in advance of the completion...

Thursday, June 12, 2025, 08:16:05 AM

Equinox Gold Sees Record Production Of 621,870 Ounces In 2024, Meeting Guidance

Equinox Gold (TSX: EQX) is reporting that it just experienced its strongest quarter and year...

Thursday, January 9, 2025, 08:30:02 AM

Equinox Gold To Acquire Calibre Mining At Discount To Market

There’s about to be one less producer in the mining space, with Equinox Gold (TSX:...

Monday, February 24, 2025, 08:12:35 AM

Equinox Gold Sees BMO Lower Price Target To $11.50

At the end of January, Equinox Gold Corp. (TSX: EQX) announced its 2022 production guidance....

Thursday, February 10, 2022, 06:04:00 PM

Equinox Acquires Calibre Mining At A Discount

Another merger has been announced within the gold mining space, and well.. Investors are quite...

Saturday, March 1, 2025, 02:44:00 PM