“This milestone marks the culmination of three years of construction and commissioning, accomplished during the challenges of a global pandemic, supply chain disruptions and inflationary pressures,” Equinox CEO Greg Smith said in a Nov. 6 news release.
At full production, Greenstone will be one of Canada’s largest and highest-grade open-pit gold mines, producing on average 390,000 oz. of gold per year for the first five years and 330,000 oz. of gold annually for an initial 15-year mine life.
Lowered 2024 guidance
Initially, Greenstone’s 2024 gold production was forecasted at 175,000-205,000 oz., with Equinox targeting 90% of the 27,000 tonne-per-day plant capacity by year-end.
However, during the third quarter, the mine had been processing ore at only 53% of the design throughput (14,3000 t/d) due to three multi-day shutdowns to address issues identified in the ramp-up process. The resulting quarterly…
