Beaty sounded excited, and why not? He’s got a history of drawing out big things from the deep.
Since 2017 as chairman, he’s built Equinox Gold (TSX: EQX; NYSE-AM: EQX) into a nearly 1-million-oz. annual producer with a C$3.5-billion ($2.5bn) market value. Its latest mine, Greenstone in Ontario, poured first gold in May and is ramping up to 400,000-oz. a year capacity.
That’s decades after Beaty sold one of his first companies, the similarly named Equinox Resources. Hecla Mining (NYSE: HL) bought it in 1994 for C$107 million. He immediately poured that into developing Pan American Silver (TSX: PAAS; NASDAQ: PAAS), which is now the world’s second-largest silver producer by stock market value, at C$11.3 billion. He stepped down as chairman in 2021.
Along the way there’s been his Lumina group of companies and sales like copper assets to majors including First Quantum Minerals (TSX: FM) and…
