Monday, June 17, 2019

Equinox Gold Corp. - EQX.v

Equinox Gold Corp. - EQX.v has a multi-million-ounce gold reserve base and a strong production growth profile from three wholly-owned gold mines. The Company is on track to have three mines in production by mid-2020.
On May 22, 2019 the company released News

Equinox Gold Corp. is pleased to announce that the Company has sold its Elk Gold Property in British Columbia, Canada to Bayshore Minerals Incorporated (“Bayshore”) for total consideration of $10 million paid as follows:
•$1 million in cash which was received by Equinox Gold on closing of the sale; and
•$9 million in a first ranking secured promissory note payable in annual installments of $3 million commencing two years from closing.