newsfilter
← Latest News
GlobeNewswire·

Equinox Gold Receives Positive Record of Decision for South Railroad; Significant Permitting Milestone Unlocks Next North American Growth Project

EQX
  • Equinox Gold received a positive Record of Decision from the U.S. Bureau of Land Management for the South Railroad project in Nevada, completing federal NEPA permitting.
  • Early construction works have commenced at the site following the issuance of the Record of Decision.
  • Applications for key state permits & water rights have been submitted to advance the project.
  • First gold production from the South Railroad open-pit heap leach mine is targeted for 2028.
  • The project is expected to produce an average of 130,000 ounces of gold annually over the first five years & over 100,000 ounces annually over the initial 10-year mine life.
  • Initial capital costs are estimated at $395 million, including $70-$80 million reflected in the company's updated 2026 guidance.
  • Engineering is 55.2% complete, with major contracts for power generation, process plant equipment, concrete, & structural steel awarded.
  • Early works on the north access road & major civil construction activities have begun in coordination with Elko County.
  • Mining equipment is scheduled to arrive on site by year-end, with initial mining activities planned for spring 2027.
  • The project is located within a 25,000-hectare land package along Nevada's Carlin Trend.
  • The project contributes to Equinox Gold's objective of adding 800,000 ounces of annual gold production from its organic development pipeline.
  • The project was designated as a FAST-41 covered project by the U.S. Administration & Permitting Council.