Equinox announces Aurizona expansion study outcomes

Bullion miner Equinox Gold has completed a prefeasibility study (PFS) to expand its Aurizona mine, in Brazil. Incorporating the underground and satellite deposits into the mine plan will nearly double the mine life, increase production and generate about $1-billion in net cash flow at current gold prices. Announcing the outcomes of the PFS, Equinox stated that the expanded mine would produce an average of 137 000 oz/y over an 11 year mine life. Peak production between 2026 and 2029 would yield more than 160 000 oz/y.