28 min

205. Equinox Gold (TSX: EQX) - Gotta do it, Gotta do it Big, Big, ba-ba-bi-big CruxCasts

    • Investing

Interview with Christian Milau, CEO of Equinox Gold (TSX:EQX).Equinox Gold, listed around 2 years ago with Ross Beaty as the main shareholder, with goals to become a multi-jurisdiction, large-cap gold mining company. It's fair to say they have done it big, ba-ba big. Currently at $1.3Bn and seemingly faultless. So what next?Equinox has a promising portfolio of assets: Mequite Gold Mine, a Californian project producing 125,000-145,000oz gold per annum with an AISC of US$930-$980/oz and a grade of 0.46g/t gold (exclusive of reserves), Aurizona Gold Mine, a Brazilian gold mine producing 75,000-90,000oz per annum with inferred resources of 1.1Moz @ 1.98g/t gold (with an exploration upside) and an AISC of US$950-1025, Castle Mountain Gold Mine, an under-construction gold mine with a PFS and production potential of 200,000oz per annum and a 16-year life-of-mine, and a copper-focussed spin-out operation in the form of Solaris Copper Inc.Equinox has had a quite remarkable rise over the last few years, with its share price hovering around CAD$5 at the start of 2019, now standing at CAD$10.95 today. The market cap is an impressive CA$1.24Bn.We spoke with Milau about a variety of topics. Targets that were set have been well and truly delivered. Mequite and Aurizona are up and running, producing at a reasonable scale with a good AISC. Castle Mountain should be ready to rock by Q3/20. Equinox has kept things simple and it is reaping the rewards. The portfolio is focussed; thus, projects aren't lying around waiting to be put into production like they are for so many mining companies. Equinox's message is simple: make good acquisitions, and get that gold out of the ground! 11% insider ownership is another reassuring fact for investors, alongside a more diversified shareholder base than when we last spoke with Milau.More of the same for 2020? The management team seem confident. The Gold price is in their favour and with the ability to access cash for more acquisitions if they want to. Milau is trying to keep the tempo up and the marketing fervour measured. We can only see this getting better. Company page: https://www.equinoxgold.com/For FREE unbiased investment information, follow us on Twitter and LinkedIn:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/Take advantage, hear it here first: https://www.youtube.com/CRUXinvestor

Interview with Christian Milau, CEO of Equinox Gold (TSX:EQX).Equinox Gold, listed around 2 years ago with Ross Beaty as the main shareholder, with goals to become a multi-jurisdiction, large-cap gold mining company. It's fair to say they have done it big, ba-ba big. Currently at $1.3Bn and seemingly faultless. So what next?Equinox has a promising portfolio of assets: Mequite Gold Mine, a Californian project producing 125,000-145,000oz gold per annum with an AISC of US$930-$980/oz and a grade of 0.46g/t gold (exclusive of reserves), Aurizona Gold Mine, a Brazilian gold mine producing 75,000-90,000oz per annum with inferred resources of 1.1Moz @ 1.98g/t gold (with an exploration upside) and an AISC of US$950-1025, Castle Mountain Gold Mine, an under-construction gold mine with a PFS and production potential of 200,000oz per annum and a 16-year life-of-mine, and a copper-focussed spin-out operation in the form of Solaris Copper Inc.Equinox has had a quite remarkable rise over the last few years, with its share price hovering around CAD$5 at the start of 2019, now standing at CAD$10.95 today. The market cap is an impressive CA$1.24Bn.We spoke with Milau about a variety of topics. Targets that were set have been well and truly delivered. Mequite and Aurizona are up and running, producing at a reasonable scale with a good AISC. Castle Mountain should be ready to rock by Q3/20. Equinox has kept things simple and it is reaping the rewards. The portfolio is focussed; thus, projects aren't lying around waiting to be put into production like they are for so many mining companies. Equinox's message is simple: make good acquisitions, and get that gold out of the ground! 11% insider ownership is another reassuring fact for investors, alongside a more diversified shareholder base than when we last spoke with Milau.More of the same for 2020? The management team seem confident. The Gold price is in their favour and with the ability to access cash for more acquisitions if they want to. Milau is trying to keep the tempo up and the marketing fervour measured. We can only see this getting better. Company page: https://www.equinoxgold.com/For FREE unbiased investment information, follow us on Twitter and LinkedIn:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/Take advantage, hear it here first: https://www.youtube.com/CRUXinvestor

28 min

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