Equinox Gold has agreed to acquire the Mesquite heap-leach gold mine in southeast California from New Gold for $158 million in cash. The acquisition immediately establishes Equinox as a gold producer. The mine’s 2018 production is forecast at 140,000 to 150,000 oz of gold at all-in sustaining costs of $1,000 to $1,045/oz. The mine has produced an average of 135,000 oz/y of gold over the past 10 years.
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