Equinox Pours First Gold At Geenstone: Billion-Dollar Acquisition 'Is Transformational,' Analyst Says
Portfolio Pulse from Stjepan Kalinic
Equinox Gold (AMEX:EQX) has successfully poured its first gold at the Greenstone project in Ontario, following a $1 billion acquisition. The project is expected to significantly boost Equinox's production capacity and cash flow, with projections of 199,000 ounces of gold production next year. Analysts are optimistic about the stock's performance as the project ramps up.
May 24, 2024 | 2:25 pm
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Equinox Gold has successfully poured its first gold at the Greenstone project, following a $1 billion acquisition. The project is expected to significantly boost production capacity and cash flow, with projections of 199,000 ounces of gold production next year. Analysts are optimistic about the stock's performance as the project ramps up.
The successful gold pour at the Greenstone project and the $1 billion acquisition are significant milestones for Equinox Gold. The project is expected to boost production capacity and cash flow, which is likely to positively impact the stock price. Analysts are optimistic about the stock's performance as the project ramps up.
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