Equinox Gold Completes Acquisition of Premier Gold Mines, Renames Hardrock Project to Greenstone
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Equinox Gold has completed its acquisition of Premier Gold Mines, adding Premier’s interest in the construction-ready Hardrock Project in Ontario, Canada, the producing Mercedes Mine in Mexico, and the Hasaga and Rahill-Bonanza exploration properties in Ontario to the company’s existing portfolio of gold assets.
Going forward, Hardrock will be called the Greenstone Project, a name that is well recognized in the region and supported locally. In connection with the acquisition, the spin-out of i-80 Gold Corp., a newly created company holding Premier’s gold projects in Nevada, was also completed. Equinox Gold is a 30 percent shareholder of i-80 Gold.
“With Mercedes and Greenstone in our portfolio, Equinox Gold now has eight operating mines and one of the largest gold reserves in our peer group, all in the mining-friendly jurisdictions of Ontario, California, Mexico, and Brazil. We also have a strong, near-term growth profile with construction of our Santa Luz mine underway, Greenstone construction targeted to start in 2021, and significant expansion projects at Los Filos and Castle Mountain,” said Christian Milau, CEO of Equinox Gold.
“We look forward to developing Greenstone with Orion as our partner, integrating Mercedes into our portfolio of producing mines and being a substantial and supportive shareholder of i-80 Gold,” added Milau.
“Premier shareholders will benefit from the combination with Equinox Gold and its financial capacity to advance development of our flagship Greenstone Project. It was a tremendous honor working with the Premier team for nearly 15 years, participating in numerous exploration and development successes, and I am thankful for the support of this group and our shareholders,” said Ewan Downie, CEO of i-80 Gold and former CEO of Premier Gold.
“We now look to the future and the public launch of i-80 Gold next week, with the objective of creating a go-to, Nevada-focused mining and development company,” added Downie.
About Equinox Gold
Equinox Gold is a Canadian mining company with eight operating gold mines, construction underway at a ninth site, a multi-million-ounce gold reserve base and a clear path to achieve more than one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas with properties in Canada, the United States, Mexico and Brazil.
To stop by Equinox’s website, CLICK HERE
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