Equinox Gold Corporation (EQX.TO) -Will The Start Of Work At Santa Luz Gold Mine Benefit The Company?

Only the continuous and slow fall of the stock can be noticeable during the last month. On June 14, the stock was C$11.05 then it became C$9.53 on June 23 and reached C$8.35 for today. The volatility of the fall is tiny. The day’s range of the stock is C$8.31 – C$8.62 and the total volume of the company consists of 515,851 stocks. Equinox Gold Corporation is a Canadian mining company. Just recently, the company made an announcement about the starting of the mining activities at its new Santa Luz Gold Mine which is located in Brazil. Development remains on track to commence commissioning in Q4 2021 and pour gold in Q1 2022.

The company is aiming to create 110,000 ounces of gold every year for the primary five a long time of operations. Construction is on plan and on budget, with roughly $31 million of the $103 million development budget went through and $70 million committed at the conclusion of June 2021.

Jack Dawkins

Finance and Tech Contributor

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