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Equinox Gold Corp
Symbol EQX
Shares Issued 517,843,249
Close 2018-12-20 C$ 0.99
Market Cap C$ 512,664,817
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Equinox Gold energizes crusher at Aurizona gold mine

2018-12-20 09:50 ET - News Release

Mr. Christian Milau reports

EQUINOX GOLD ENERGIZES CRUSHER AT AURIZONA GOLD MINE, COMMENCES COMMISSIONING

Equinox Gold Corp.'s new crusher at its Aurizona gold mine in Brazil has been energized and dry tested with the expectation of putting first ore through the system in early January, 2019.

The project is nearly complete and on schedule to achieve commercial production around the end of Q1 2019:

  • Crusher circuit including vibrating feeder has been energized and dry tested;
  • Commissioning team ramping up and training programs are under way;
  • Engineering and procurement activities are complete;
  • Tailings storage facility is complete;
  • Powerline substation upgrades are complete and awaiting final verification by the state utility;
  • Ancillary buildings and facilities are complete;
  • At the end of November, processing plant construction was 90 per cent complete:
    • Concrete work is complete;
    • Structural steel erection is 96 per cent complete;
    • Equipment and plate work installation is 86 per cent complete;
    • Piping is 76 per cent complete;
    • Electrical and instrumentation are 50 per cent complete;
  • Preproduction mining is nearing completion:
    • More than 6.4 million tonnes of material moved;
    • 730,000 tonnes of ore stockpiled and ready for commissioning.

The construction team is focused on piping, electrical and instrumentation. The main transmission line is ready to provide full energization to all equipment and site-wide distribution circuits to local electrical rooms are being commissioned to enable testing of individual equipment components.

Equinox Gold commenced full-scale construction at Aurizona in January, 2018, and preproduction mining in April, 2018. Approximately $116-million (U.S.) was spent at the end of Nov. 30, 2018, including fiscal 2017 spending related to construction activities. The project remains fully financed. In addition to existing cash reserves, the company has $10-million (U.S.) remaining to draw against its $85-million (U.S.) construction credit facility.

Construction progress at Aurizona is documented in a photo gallery on Equinox Gold's website.

About Equinox Gold Corp.

Equinox Gold is a Canadian mining company with a multimillion-ounce gold reserve base, gold production from its Mesquite gold mine in California and near-term production growth from two past-producing mines in Brazil and California. Construction is well advanced at the company's Aurizona gold mine in Brazil with the objective of achieving commercial production around the end of Q1 2019, and the company is advancing its Castle Mountain gold mine in California with the objective of ramping up phase 1 operations in early 2020.

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