Equinox Gold Shares Dip, Lowers Guidance For Greenstone Mine Production Outlook
Portfolio Pulse from Lekha Gupta
Equinox Gold Corp. (AMEX:EQX) shares fell premarket after the company lowered its 2024 production guidance for the Greenstone Gold Mine. Despite a significant increase in Q3 production, the company revised its guidance from 175,000-205,000 ounces to 110,000-130,000 ounces. The company is focused on ramping up mining rates and plant throughput to achieve design capacity.
October 17, 2024 | 1:23 pm
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Equinox Gold's shares dropped after the company lowered its 2024 production guidance for the Greenstone Mine, despite a significant increase in Q3 production. The company aims to ramp up operations to meet design capacity.
The reduction in production guidance for 2024 is a negative signal for investors, leading to a drop in share price. Despite positive Q3 production results, the revised guidance suggests potential challenges in meeting previous expectations, impacting investor sentiment.
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