Bullion miner Equinox Gold has acquired an additional 10% interest in the Greenstone project, in Ontario, for $51-million, upping its stake in the fully-permitted, construction-ready project to 60%.
The Greenstone project will be advanced in a joint venture with Orion Mine Finance Group, bringing more than 240 000 attributable ounces of gold production to Equinox once in production.
Equinox paid $51-million to Orion Mine Finance for the additional 10% stake.
Equinox acquired its shareholding in the project, formerly known as Hardrock, when it bought Premier Gold Mines.