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"2021 represents a year of investment for Equinox Gold as we direct our strong operating cash flow to our existing portfolio of mines and growth projects," said Christian Milau, CEO of Equinox Gold. "These investments in 2021 will set the foundation for lower-cost production, longer-life mines and substantial near-term production growth with an increase to approximately 900,000 ounces of gold at significantly lower costs in 2022 and approximately one million ounces of gold from 2023
"All-in-sustaining costs in 2021 include stripping campaigns at Los Filos, Mesquite and Aurizona to access higher-grade ore, which will increase production and reduce costs in the second half of the year. Growth capital includes the Los Filos expansion projects, a significant pit expansion at RDM and completion of construction at Santa Luz. The Company is also undertaking an aggressive exploration program focused on mine life extension and reserve replacement.
"We also look forward to completing the acquisition of Premier Gold Mines this quarter and integrating the producing Mercedes Mine and construction-ready, multi-million-ounce Hardrock project into our portfolio and plans. Our share of production from Hardrock would further reduce our costs per ounce produced and boost production by more than 200,000 ounces annually starting in 2024."
Consolidated gold production is expected to increase each quarter during the year, with approximately 30% of 2021 production occurring in Q4 as the mines access higher-grade ore at both Los Filos and Mesquite.
Overall cash costs for 2021 reflect an assumption of strengthened local currencies and slightly increased fuel and other consumable costs, as well as lower grades mined at Los Filos as the Guadalupe stripping program and Bermejal underground development are advanced through the year. AISC for 2021 includes important sustaining investment at the Los Filos, Mesquite and Aurizona mines. The Company is also undertaking a number of growth projects this year including constructing the Santa Luz mine, advancing expansion projects at the Los Filos mine, completing a pit expansion at the RDM mine and undertaking exploration focused on mine life extensions at Mesquite, Los Filos, Aurizona and Fazenda
to Gold Mine Investments Inc. known prior as Brockstar Fallon Partners LLC backed by inground gold reserve assets valued in the billions of dollars, consisting of 40 acres located in Churchill County in the State of Nevada.
Our goal is to open over the next five years a refinery and processing plant including purchasing or leasing additional acreage. Each investment of 1.2 million dollars up to 60 million dollars will represent one share position in the partnership whereas there are 50 share positions to be purchased in whole representing 50% ownership in the partnership interest of the company
Investments of 1.2 million dollars each per share position up to the amount of 60 million dollars will participate in profits annually for a period of 20 years. With profits paid out proportionately based upon the amount and percentage of share volume owned
Copyright © 2020 Gold Mine Investments - All Rights Reserved. Gold Mine Investments Inc - Investment Prospectus. Invest in gold reserve assets valued at billions of dollars. With a new production refinery and processing plant to be built within years you can become part of Gold Mine Investments today
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