Canada’s Equinox Gold has announced ground-breaking for full-scale construction at its Greenstone gold mine pro-ject in Ontario, Canada.
Developed as a 60/40 partnership between Equinox Gold and Orion Mine Finance Group, respectively, the project is to “be one of the largest gold mines in Canada, producing more than 400,000 ounces of gold annually for the first five years and more than five million ounces of gold over its initial 14-year mine life,” the Canadian busi-ness said in a statement.
Christian Milau, the chief executive of Equinox Gold, was quoted in the statement as saying that the company’s project is “located in one of the world’s best mining jurisdictions and will be a top-tier mine”.
The investment requires an initial capital of some US$1.23 billion ini-tial, according to data released by the Canadian miner.