07:40 AM EDT, 04/01/2020 (MT Newswires) -- Equinox Gold Corp. (EQX.TO) was at last look down 0.45% in US pre-market trade on Wednesday, so far failing to build on the near 2.8% gained on the NYSE AMERICAN yesterday. This come despite the company saying overnight Tuesday that it expects annualized gold production for 2020 to more than triple annually following the closing of its merger with Leagold Mining Corp (was LMC.TO).

For 2020, Equinox expects to produce 540,000 ounces to 600,000 ounces of gold at all-in sustaining costs of US$1,000 per ounce to $1,060 per ounce. It said guidance for the Los Filos, Fazenda, RDM and Pilar mines reflects production expectations from March 10, 2020, the closing date of the merger with Leagold, to December 31, 2020. Total consolidated 2020 production, including gold produced by Leagold in 2020 before completion of the merger, is estimated at 615,000 to 680,000 oz of gold.

Equinox added it is fully funded to increase production over the next two years to more than one million ounces of gold annually.

The guidance reflects expectations for the period starting March 10, the closing date of the merger, to Dec. 31. Equinox said the guidance may be revised due to the possible impact of the COVID-19 pandemic on its operations.

Price: 9.40, Change: +0.28, Percent Change: +3.07