Equinox Gold Corp. updated its pro forma full-year 2025 production and cost guidance to reflect the anticipated business combination with Calibre Mining Corp. and a slower-than-planned ramp-up at its Greenstone Gold Mine. The company now expects pro forma production of 785,000 to 915,000 ounces of gold, with total cash costs of $1,400 to $1,500 per ounce and all-in sustaining costs of $1,800 to $1,900 per ounce, excluding Valentine and Los Filos.
The Greenstone Mine's full-year production guidance has been revised to 220,000 to 260,000 ounces of gold. This adjustment is due to lower mine productivity, equipment availability issues with the primary loading fleet, and delays in accessing higher-grade ore zones, alongside year-to-date mined grades being below expectations due to higher dilution.
For Q2 2025, Equinox Gold expects consolidated production of 135,000 to 145,000 ounces from its mines, including 45,000 to 50,000 ounces from Greenstone. Calibre's Q2 2025 production is estimated at 70,000 to 72,500 ounces of gold. Construction and commissioning at the Valentine Gold Mine are progressing as scheduled, with first gold anticipated by the end of Q3 2025.
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