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Equinox Gold Corp.
Summary
| Project: | Aurizona | |
|---|---|---|
| Deposit: | Aurizona | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 5/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2020: Equinox Gold Corp. announces a PEA report for its Aurizona deposit at the Aurizona project. PEA results incl. post-tax NPV (5%) of US$122M and IRR of 25%. May 7, 2020 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox | |
| Resources: | (Resources): 7.3Mt @ 1.96g/t Au (Ind.) & 16.5Mt @ 1.98g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Gordon Zurowski (AGP Mining Consultants Inc.) | |
| ABSTRACT: | May 7, 2020 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce a positive preliminary economic assessment (“PEA”) for development of an underground mine at the Company’s 100% owned Aurizona Gold Mine (“Aurizona”) in Brazil. The underground mine could be operated concurrently with the existing open-pit mine and has the potential to deliver an additional 740,500 ounces (“oz”) of gold, $1 billion in revenue and $204 million in after-tax net cash flow over a ten-year mine life at a base case gold price of $1,350 per oz. Christian Milau, CEO of Equinox Gold, stated: “This PEA demonstrates the substantial opportunity for both mine life extension and increased annual gold production at Aurizona through development of an underground mine. With the potential for expansions to the current open-pit, additions of other near-surface resources and further opportunities for Piaba underground resource expansion at depth and along strike, Aurizona is expected to be a long-life cornerstone asset for Equinox Gold.” | |
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