VANCOUVER, Jan. 28, 2019
/CNW/ - Equinox Gold Corp. (TSX-V: EQX, OTC: EQXFF) ("Equinox
Gold" or the "Company") today announces that following completion
of its annual year-end review, Equinox Gold has granted share-based
incentive compensation to certain directors, officers and employees
of the Company. Pursuant to the Company's stock option plan and the
restricted share unit ("RSU") plan it has granted stock options
exercisable into 1,596,060 common shares in the Company ("shares")
and RSUs exercisable into 2,767,800 shares. The stock options are
exercisable at C$1.05 per share with
a 5-year term, with 50% vesting one year after the date of grant
and 50% vesting after two years. The RSUs vest 50% one year after
the date of grant with the remainder vesting after two years. The
Company has also issued RSUs with performance vesting conditions
("pRSUs") that are exercisable into 618,700 shares. The pRSUs will
vest in three years and the number of shares issued will range from
50% to 150% of the pRSU grant based on Equinox Gold's share price
performance compared to the Junior Gold Miner's Index (GDXJ).
About Equinox Gold
Equinox Gold is a Canadian mining company with a
multi-million-ounce gold reserve base, gold production from its
Mesquite Gold Mine in California,
and near-term production growth from two past-producing mines in
Brazil and California. Early
commissioning is underway at the Company's Aurizona Gold Mine in
Brazil and on schedule to achieve
commercial production around the end of Q1-2019, and the Company is
advancing its Castle Mountain Gold Mine in California with the objective of achieving
Phase 1 production in the first half of 2020. Further information
about Equinox Gold's portfolio of assets and long-term growth
strategy is available at www.equinoxgold.com or by email at
ir@equinoxgold.com.
Cautionary Notes and Forward-Looking
Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains certain forward-looking
information and forward-looking statements within the meaning of
applicable securities legislation and may include future-oriented
financial information. All statements, other than statements of
historical fact, are forward-looking statements.
Forward-looking statements or information in this news release
relate to, among other things: the ability of the Company to
successfully complete construction activities and the planned
restart of production at Aurizona; to operate Mesquite, including
with respect to production; development and timing of anticipated
production at Castle Mountain; and the growth potential of the
Company. Forward-looking statements or information generally
identified by the use of the words "will", "advancing", "plans",
"anticipated", "expected", "estimated" and similar expressions
and phrases or statements that certain actions, events or
results "may", "could", "should", "will be taken" or "be achieved",
or the negative connotation of such terms, are intended
to identify forward-looking statements and information. Although
the Company believes that the expectations reflected in such
forward-looking statements and information are reasonable, undue
reliance should not be placed on forward-looking statements since
the Company can give no assurance that such expectations will prove
to be correct. The Company has based these forward-looking
statements and information on the Company's current expectations
and projections about future events and these assumptions include:
tonnage of ore to be mined and processed; ore grades and
recoveries; prices for gold remaining as estimated; the
construction and planned production at Aurizona and Castle Mountain
being completed and performed in accordance with current
expectations; currency exchange rates remaining as estimated;
availability of funds for the Company's projects and future cash
requirements; capital, decommissioning and reclamation estimates;
the Company's mineral reserve and resource estimates and the
assumptions on which they are based; prices for energy inputs,
labour, materials, supplies and services; no labour-related
disruptions and no unplanned delays or interruptions in scheduled
development and production; all necessary permits, licenses and
regulatory approvals are received in a timely manner; and the
Company's ability to comply with environmental, health and safety
laws. While the Company considers these assumptions to be
reasonable based on information currently available, they may prove
to be incorrect. Accordingly, readers are cautioned not to put
undue reliance on the forward-looking statements or information
contained in this news release.
The Company cautions that forward-looking statements and
information involve known and unknown risks, uncertainties and
other factors that may cause actual results and developments to
differ materially from those expressed or implied by such
forward-looking statements or information contained in this news
release and the Company has made assumptions and estimates based on
or related to many of these factors. Such factors include,
without limitation: fluctuations in gold prices; fluctuations in
prices for energy inputs, labour, materials, supplies and services;
fluctuations in currency markets; operational risks and hazards
inherent with the business of mining (including environmental
accidents and hazards, industrial accidents, equipment breakdown,
usual or unexpected geological or structural formations, cave-ins,
flooding and severe weather); inadequate insurance, or inability to
obtain insurance to cover these risks and hazards; employee
relations; relationships with, and claims by, local communities and
indigenous populations; the Company's ability to obtain all
necessary permits, licenses and regulatory approvals in a timely
manner; changes in laws, regulations and government practices,
including environmental, export and import laws and regulations;
legal restrictions relating to mining; risks relating to
expropriation; increased competition in the mining industry; and
those factors identified in the Company's management information
circular dated June 20, 2018 and in
its MD&A dated October 30, 2018,
which are available on SEDAR at www.sedar.com. Forward-looking
statements and information are designed to help readers understand
management's views as of that time with respect to future events
and speak only as of the date they are made. Except as required by
applicable law, the Company assumes no obligation and does not
intend to update or to publicly announce the results of any change
to any forward-looking statement or information contained or
incorporated by reference to reflect actual results, future events
or developments, changes in assumptions or changes in other factors
affecting the forward-looking statements and information. If the
Company updates any one or more forward-looking statements, no
inference should be drawn that the Company will make additional
updates with respect to those or other forward-looking statements.
All forward-looking statements and information contained in this
news release are expressly qualified in their entirety by this
cautionary statement.
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SOURCE Equinox Gold Corp.
