Dual-listed Equinox Gold has received approval for the tailings storage facility (TSF) raise at its RDM mine, in Brazil, with the contractor set to start work in early June.
The company previously suspended operations at the RDM mine, pending regulatory approvals for the TSF raise. Equinox said it would resume full operations by mid-July.
Equinox has withdrawn its 2022 production guidance for the RDM mine, forecast at 70 000 oz to 80 000 oz of gold, or about 11% of the consolidated production using the mid-point of the group’s 2022 guidance of 625 000 oz to 710 000 oz of gold.
The company will update the guidance in the first week of August.