Equinox Gold (EQX) Stock Turns Wild On High Volume: What’s The Buzz?

If you’re keen on over-the-counter stock, then you want to have heard of Equinox Gold (EQX). The stock has been getting plenty of attention after announcing a 73% Increase in Mineral Reserves. Just after the news, within 3 sessions the stock went up the maximum amount of 14.26% on huge volume. However, gazing at the annual statistics, the stock ended lower for the primary time in four trading sessions by 33.60%. The results of a Pre-Feasibility Study for an expansion of Equinox Gold’s 100%-owned Aurizona Gold Mine in Brazil are released.

The growth would offer the Arizona mine life to 11 years of mining the subterranean and planet open-pit deposits concomitantly with the existing Piaba open-pit, resulting in normal annual manufacture of 137,000 ounces of gold per year and total life-of-mine manufacture of 1.5 million ounces of gold. Peak gold output is anticipated to be more than 160,000 oz per year between 2026 and 2029. With 1.7 million oz of Proven & Probable Mineral Reserves grading 1.60 grams per tonne gold, the updated Mineral Reserve and Resource assessment for Arizona shows a 73% increase over the December 31, 2019 estimate.

Miriam Bozini

Finance and Business Reporter