The Globe and Mail reports in its Monday, Nov. 8, edition that Equinox Gold has big hopes for a new gold project in Ontario. The Globe's Niall McGee writes that last month, Equinox started construction of the Greenstone open-pit gold mine in Geraldton, Ont. Equinox is aiming for Greenstone to commence production in 2024. The project is 60 per cent owned by Equinox, with Orion Mine Finance Group owning the rest. Greenstone is on track to be the fourth biggest gold mine in Canada, with annual production of 400,000 ounces over 14 years. Equinox currently operates seven gold mines in the Americas, and has grown in large part through M&A. Equinox acquired its interest in Greenstone last year through its $612-million acquisition of Premier Gold Mines. Once Greenstone is in production, Equinox should be producing about a million ounces of gold a year. Greenstone is also a key part of Equinox's strategy to reduce its exposure to more volatile mining jurisdictions. Equinox's share price has come under repeated pressure after several blockades because of community unrest at its Los Filos mine in Mexico. The Globe says investors will be keeping an eye on Greenstone's construction costs.