Equinox has been making use of for permits to lift its TSF yearly since 2018 after it altered the design of its facility and altered it from a centreline to a downstream design. It final acquired a permit in 2021, which allowed it to lift the power to its present degree, however the miner is but to obtain permission for the subsequent TSF elevate
The RDM TSF is raised on an intermittent foundation all through the lifetime of the mine to retailer further tailings produced from ongoing operations, the Equinox stated.
Located in Minas Gerais state of southeastern Brazil, the mine started manufacturing in early 2014 as an open pit operation. It was estimated it may produce 70,000 to 80,000 oz. gold in 2022 or about 11% of the corporate’s consolidated manufacturing.
As a results of the suspension, the corporate has withdrawn its 2022 manufacturing steering for the mine.
“Equinox Gold expects that full operations could restart as soon as two months from the receipt of regulatory approval, which is anticipated during Q2 2022,” it stated.
During the primary quarter of 2022, RDM produced 7,160 oz. gold, which was decrease than the 13,362 oz. gold produced in the earlier quarter. Equinox stated manufacturing was decrease in that quarter as a result of the corporate had suspended operations for simply over two weeks to cut back water ranges in the TSF to adjust to the regulatory necessities.
Equinox had additionally pumped water from the TSF into the open pit, to adjust to the necessities, which meant higher-grade ore sources in the underside of the pit weren’t accessible for mining.
“Consequently, RDM was reliant on processing lower-grade stockpile material for 80% of the ore processed during the quarter,” stated Equinox in a safety submitting on May 3, in which the corporate had first disclosed the opportunity of briefly suspending the mine.
A day after the disclosure on May 3, Equinox Gold’s share worth fell from C$9.19 per to C$7.87 on the TSX alternate.
Equinox Gold halts RDM mine in Brazil over permit delay & More Latest News Update
Equinox Gold halts RDM mine in Brazil over permit delay & More Live News
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Equinox Gold halts RDM mine in Brazil over permit delay & More News Today
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