MINING REFINING

Trident hails first gold from Greenstone mine

Fri May 24 2024

Trident Royalties PLC (AIM:TRR, OTCQX:TDTRF) has hailed Equinox Gold's (TSX:EQX) first gold pour from the Greenstone mine in Ontario, Canada. Greenstone produced 1,800 ounces of gold from the full recovery circuit with all equipment operating as expected, added Trident.

An open pit, Greenstone is expected to produce approximately 400,000 ounces of gold annually for the first five years, and average 360,000 ounces of gold per year for its estimated 14-year mine life. 

Trident holds an offtake for 100% of the gold produced at Greenstone up to 58,500 ounces a year until 1 March 2027.

Adam Davidson, Trident chief executive, commented: "We are very pleased to see our investment in Greenstone coming to fruition with the first gold pour.

“To build a mine with the various inflationary and supply chain pressures experienced during recent years is a great achievement by the Equinox team.”

Source: https://www.proactiveinvestors.co.uk