The TSF raise contractor is mobilizing equipment to begin the raise in early June, the company said.

Updated 2022 RDM production guidance is to be disclosed with the release of its Q2 2022 results in the first week of August, it added.

Equinox previously forecast RDM production of 70,000-80,000 ounces of gold for this year, or 11% of its consolidated production, based on the mid-point of the firm's production guidance of 625,000-710,000oz Au.

Equinox had a share price of C$7.44 (US$5.87) on May 31, giving the company a market capitalization of C$2.26 billion.