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Equinox Gold (NYSE:EQX) -3.2% pre-market after saying Monday it has temporarily suspended operations at its RDM Mine in Brazil and is withdrawing 2022 manufacturing steerage for the mine till operations resume.
The RDM Mine was forecast to supply 70K-80K ozof gold, or ~11% of the corporate’s complete manufacturing utilizing the midpoint of full-year steerage of 625K-710K oz.
Equinox (EQX) mentioned permits for the scheduled tailings storage facility elevate at the mine have been delayed; the RDM TSF is raised on an intermittent foundation all through the mine life to retailer tailings produced from ongoing operations.
The firm expects full operations might restart as quickly as two months from the receipt of regulatory approval, which is anticipated throughout Q2.
Equinox Gold (EQX) shares touched a 52-week intraday low $5.25 final week; the worth weak spot affords buyers a shopping for alternative, Fun Trading writes in a bullish evaluation posted not too long ago on Seeking Alpha.
Equinox Gold temporarily suspends operations at Brazil mine (NYSE:EQX) & More Latest News Update
Equinox Gold temporarily suspends operations at Brazil mine (NYSE:EQX) & More Live News
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Equinox Gold temporarily suspends operations at Brazil mine (NYSE:EQX) & More News Today
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