Mining News Update: Equinox Gold, Southern Cross Gold, and Aurania Resources
Equinox Gold has closed a deal that could add over 100,000 ounces of gold per year to its production. Southern Cross Gold began excavation at its Sunday Creek project. Aurania Resources completed a share placement.
This news segment, featuring Equinox Gold, Southern Cross Gold, and Aurania Resources, highlights recent developments across these mining companies.
Equinox Gold announced the closure of a transaction projected to increase its annual gold production by more than 100,000 ounces. While specific details of the deal were not provided in this update, the acquisition is expected to significantly bolster the company's output.
Southern Cross Gold reported that PYBAR Mining Services has commenced excavation work at the portal of an exploration adit for its Sunday Creek Gold-Antimony Project. This development marks a key stage in advancing the project and assessing its resource potential.
Aurania Resources has concluded the second and final tranche of its non-brokered private placement of shares. The capital raised is intended to fund the company's ongoing exploration and development activities.
The report summarizes these corporate actions, providing a snapshot of activity within the featured mining firms.