An extra 160000 oz per year at an AISC around $US800 / oz with a 14 year mine life (and exploration upside) at current gold price of ~$US2300 equates to an extra $240m profit per year and propels EQX into the rarified air of a major (1m+ oz) gold producer - as an Equinox shareholder I couldn’t be happier with the deal and the price paid. There would only be 1 or 2 ASX listed gold companies that could have pulled this deal off and unfortunately GOR are not one of them…
Ann: Ceasing Participation in Sales Process, page-19
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