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Equinox restarts operations at Los Filos, shares up

CryptoGuru by CryptoGuru
July 27, 2021
Equinox restarts operations at Los Filos, shares up
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Los Filos representatives proceed to interact with authorities and Xochipala representatives to attain decision.

Operations had been suspended in June after the blockade by unionized staff and members of the Xochipala group demanded funds in extra of their contractual agreements.

The Canadian miner had already suspended actions on the operation in September after locals blocked entry.

The corporate withdrew 2020 manufacturing and value steerage for the mine, which had been anticipated to supply 90,000-110,000 ounces of the corporate’s 470,000-530,000 whole guided ounces of gold for the 12 months.

The Los Filos complicated started industrial manufacturing in 2008. The operation consists of two giant open pits (Los Filos and Bermejal) and one underground mine. 

Noon Monday, Equinox’s inventory was up 6% on the TSE. The corporate has a C$2.4 billion market capitalization.

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