An aerial view of the Aurizona mill and Piaba open pit, June 2018. (Image: Equinox Gold)
VANCOUVER – Equinox Gold Corp. has plans to transfer all its copper assets to a newly incorporated company named Solaris Copper.
The new company will continue to advance the copper projects that belong to Equinox. These include the exploration stage Warintza project (100%) in Ecuador, the grassroots exploration Ricardo property (100%) in northern Chile, and the La Verde project (60%) that is on care and maintenance in Mexico.
Sixty per cent of Solaris Copper shares will be distributed to Equinox shareholders. The remaining 40% will be held by Equinox. Solaris will not initially be listed on a stock exchange but will operate as a reporting issuer.
Equinox will continue to focus on its gold portfolio. The Aurizona mine is under construction in northeastern Brazil. Production is to begin before the end of this year and average 136,000 oz/year over the life of the project. A prefeasibility study is underway for the Castle mine in California. It has a production potential of 300,000 oz/year.
More information about all of Equinox’s projects is currently at www.EquinoxGold.com, but when Solaris is spun out it will have its own website, www.SolarisCopper.com.