This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

Equinox Gold Corp.
2/24/2022
Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold fourth quarter 2021 results and corporate update conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. If you are participating through the webcast, you can submit a question in writing by using the text box in the lower left corner of the webcast frame. I would now like to turn the conference over to Relin Bailey, Vice President, Investor Relations for Equinox Gold. Please go ahead.
Thank you, Carl, and thank you, everybody, for joining us this morning. We will, of course, be making a number of forward-looking statements today, so please do take the time to visit our continuous disclosure documents on our website, on CDAR, and on EDGAR. I'm now going to turn the conference call over to our CEO, Christian Neva.
Thank you very much and welcome everyone this morning. You know, just recapping on the business plan here on page number three, you know, we've put together a collection of companies and assets over the last four years and we're excited to be at this point in our growth cycle here where we've got the diversified America's gold producer with the seven producing mines, soon to be eight once Santa Lucia is wrapping up in quarter two this year and five exciting growth projects. And we have an extremely large reserve and resource base, 16 and 30 million ounces, which allows us to have a lot of leverage to the gold price. And as we continue to develop these assets, we'll be moving from roughly 700,000 ounces this year in 2020 towards a million ounces plus over the next few years. And our balance sheet's in a strong place again, and that pathway towards a million ounces is clear and in our control in our portfolio. When we look at the quarter four and full year highlights, Pete and Doug will walk you through more of the granularity on this, but I did want to touch at high level. As expected, we had a strong Q4 as previously released, and we tracked down the path of continuing on our two construction projects, and Doug will talk about the detail on that, but please just say we're making good progress, and as planned, we're moving those forward on schedule at this stage, and Also, we've had good results over the last year, and we continue to focus on it going forward and drilling and expanding our portfolio of exciting mineral and reserve-based assets that really need some attention to continue to extend the mine life. And we've also put out two expansion studies on Arizona and Castle Mountain, which continue to show mine life extension and reserve growth. And the other area that we're really going to focus on this year, and we've kind of put it a little bit to the backburner as we announced on the last call, but Los Felos. We're working on various scenarios to optimize it, to look to bring forward cash flows, to increase production, and really work on that plan as we deliver on the greenstone construction project and have this be a key contributor. So we want to reduce those costs and continue to expand that production base and make plans to be able to build that CIL once we get to stability and we get greenstone up and running. In terms of operations, again, pleased to report that we've had another quarter of uninterrupted operations at Los Felos, and it finished last year well. As you saw in the press release, RDM did have heavy rains recently, and I'll touch on the detail of that, but we're working towards suspending the plant there for a few weeks as we reduce the water level in the TSF. But we don't expect an overall material change to our guidance as a result of this. We see this as a very temporary measure. And in terms of ESG, I do want to touch on this. It continues to be a focus for us and increasing in terms of priorities this year as we build out our team. We got our first ESG report out last year. This year we'll be enhancing it. We do plan to have an ESG call that's focused on that topic for all investors to attend, give or take around our time of our AGM here in the second quarter. We've been implementing the Towards Sustainable Mining and Responsible Gold Mining Principle Protocol at all mine sites this year. We set our scope one and two emissions targets last year and emissions in total. And we also achieved our target of reducing them by 5%, which is a short-term goal. We do need to set our long-term targets and that's in the works this year. And hopefully by around this year end, we'll be able to announce our long-term targets. And also just in summer, we had a good strong finish to the year overall. And I want to turn it over to Pete and Doug to walk you through the granularity of that.
You're reading a preview of the EQX Q4 2021 earnings call.
Free account.