Equinox Gold indefinitely suspends operations at its Los Filos mine
TSX- and NYSE American-listed Equinox Gold has indefinitely suspended operations at its Los Filos mine in Guerrero, Mexico, following the expiry of its land access agreement with the community of Carrizalillo on March 31.
The company has been engaged in collaborative discussions with the three communities that host the mine since November 2023.
Consensus on terms was reached in January and new long-term agreements were subsequently ratified and signed with the Mezcala and Xochipala communities, but the Carrizalillo community has not yet signed a new long-term agreement with the company.
Long-term agreements with all three local communities are essential to provide the economic and investment conditions necessary for continued operations at the Los Filos mine, including the proposed construction of a new 10 000 t/d carbon-in-leach processing plant to increase gold recoveries from higher-grade ore.
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