VANCOUVER, BC, May 31, 2022
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE: EQX)
announces that further to its press release dated May 16, 2022, approval for the tailings storage
facility ("TSF") raise at its RDM Mine in Brazil has been received. The TSF raise
contractor is mobilizing equipment to begin the raise in early
June.
Equinox Gold expects that full operations will resume by
mid-July. Equinox Gold will update RDM guidance with its
Q2 2022 disclosures in the first week of August.
Cautionary Notes
This news release contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation. Forward-looking statements and
forward-looking information in this news release relate to, among
other things: Equinox Gold's ability to complete the required TSF
raise and resume operations at RDM, and Equinox Gold's production
and cost guidance for 2022. Forward-looking statements or
information generally identified by words such as "to begin",
"will", "update" and similar expressions and phrases or statements
that certain actions, events or results "will", "may", "could", or
"should", or the negative connotation of such terms, are intended
to identify forward-looking statements and information. Although
Equinox Gold believes that the expectations reflected in such
forward-looking statements and information are reasonable, undue
reliance should not be placed on forward-looking statements since
Equinox Gold can give no assurance that such expectations will
prove to be correct. Equinox Gold has based these forward-looking
statements and information on Equinox Gold's current expectations
and projections about future events and these assumptions include:
Equinox Gold's ability to complete the TSF raise and resume
operations at RDM, and potential updates to Equinox Gold's
production and cost guidance. While Equinox Gold considers these
assumptions to be reasonable based on information currently
available, they may prove to be incorrect. Accordingly, readers are
cautioned not to put undue reliance on the forward-looking
statements or information contained in this news release.
Equinox Gold cautions that forward-looking statements and
information involve known and unknown risks, uncertainties and
other factors that may cause actual results and developments to
differ materially from those expressed or implied by such
forward-looking statements and information contained in this news
release and Equinox Gold has made assumptions and estimates based
on or related to many of these factors. Such factors include,
without limitation: Equinox Gold's ability to obtain all necessary
permits, licenses and regulatory approvals in a timely manner or at
all; the ability of Equinox Gold's contractor to mobilize and
complete the TSF raise in the timeframe anticipated; Equinox Gold's
ability to restart the RDM mine and resume full operations; changes
in laws, regulations and government practices, including
environmental laws and regulations; legal restrictions relating to
mining including those imposed in connection with COVID-19;
fluctuations in gold prices; fluctuations in prices for energy
inputs, labour, materials, supplies and services; and those
factors identified in the section titled "Risks and Uncertainties"
in Equinox Gold's MD&A dated May 3,
2022 for the three months ended March
31, 2022, the section titled "Risks and Uncertainties" in
Equinox Gold's MD&A dated March 23,
2022 for the year ended December 31,
2021, and in the section titled "Risks Related to the
Business" in Equinox Gold's Annual Information Form dated
March 24, 2022 for the year ended
December 31, 2021, all of which are
available on SEDAR at www.sedar.com and on EDGAR at
www.sec.gov/edgar. Forward-looking statements and information are
designed to help readers understand management's views as of that
time with respect to future events and speak only as of the date
they are made. Except as required by applicable law, Equinox Gold
assumes no obligation to update or to publicly announce the results
of any change to any forward-looking statement or information
contained or incorporated by reference to reflect actual results,
future events or developments, changes in assumptions or changes in
other factors affecting the forward-looking statements and
information. If Equinox Gold updates any one or more
forward-looking statements, no inference should be drawn that
Equinox Gold will make additional updates with respect to those or
other forward-looking statements. All forward-looking statements
and information contained in this news release are expressly
qualified in their entirety by this cautionary statement.
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SOURCE Equinox Gold Corp.
