Equinox Gold draws remaining $180 million under revolver

By Marisa Wong

Los Angeles, April 2 – Equinox Gold Corp. said it drew down the remaining $180 million from its $400 million revolving credit facility in March.

The drawdown was a proactive measure to handle the potential effects of the Covid-19 pandemic on the company’s operations, according to a press release.

Equinox Gold said there are no current plans to deploy these funds and that it remains in a strong financial position with about $300 million in cash and cash equivalents at March 31.

The gold mining company is based in Vancouver, B.C.

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