Acquisition Date

2022 / May / 02

Terms

2.375% Au @ $30/oz*

Operator

Equinox Gold Corp.

The Greenstone project, owned jointly by Equinox Gold Corp. (60%) and Orion Mine Finance (40%), is centred on a group of high-grade, underground past-producing gold mines in the Geraldton-Beardmore district of western Ontario, Canada. The property is located approximately 275 km northeast of the city of Thunder Bay and approximately 4 km south of the town of Geraldton.

A Feasibility Study was released in December 2020 outlining the design of an open-pit mine producing more than 5 Moz over an initial 14-year mine life. Full-scale construction began at the project in October 2021, with first gold pour currently targeted for the first half of 2024.

Agreement terms are subject to the closing of the Transactions as defined in the Company's press release dated May 2, 2022.

See press release for more details.

Agreement terms are subject to the closing of the Transactions as defined in the Company's press release dated May 2, 2022.

See press release for more details.

*on 100% basis until 120,333 oz delivered, 1.583% thereafter

 

Greenstone