Equinox restarts operations at Los Filos, shares up

Los Filos representatives continue to engage with government and Xochipala representatives to achieve resolution.

Operations were suspended in June after the blockade by unionized employees and members of the Xochipala demanding payments in excess of their contractual agreements.

The Canadian miner had already suspended activities at the operation in September after locals blocked access.

The company withdrew 2020 production and cost guidance for the mine, which had been expected to produce 90,000-110,000 ounces of the company’s 470,000-530,000 total guided ounces of gold for the year.

The Los Filos complex began commercial production in 2008. The operation consists of two large open pits (Los Filos and Bermejal) and one underground mine. 

Midday Monday, Equinox’s stock was up 6% on the TSE. The company has a C$2.4 billion market capitalization.

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