Greenstone Gold Mines

What Greenstone Gold Mines does

Greenstone Gold Mines designs, constructs, and operates an open-pit gold mine, processing plant, and ancillary facilities near Geraldton in the Municipality of Greenstone, Ontario, approximately 275 km northeast of Thunder Bay. The operation is structured as a single integrated mine comprising the Operations Phase 1 Pit, Phase 1B Pit, and Phase 2 Pit (which includes the OPS Pit, Keno Pit, Goldfield, and WRSA D areas), supported by the consolidated Kenogamisis, Brookbank and Viper Properties. All scientific and technical disclosures are governed by Canadian Securities Administrators' National Instrument 43-101, with mineral reserve and resource estimates summarized from a Technical Report effective June 30, 2024 and reviewed by Qualified Persons Doug Reddy (COO) and Scott Heffernan (EVP Exploration) of Equinox Gold.

The business generates revenue by mining and selling gold doré into global bullion markets at prevailing spot prices; the company website displays a live gold quote of $4,111.97 per ounce as a market reference, and the mine is designed to produce more than 300,000 ounces of gold annually over an initial 15-year mine life. Greenstone is positioned as the largest and cornerstone asset in parent Equinox Gold Corp.'s portfolio and, following Equinox Gold's May 13, 2024 acquisition of Orion Mine Finance's 40% interest, is now a wholly-owned subsidiary structured as Greenstone Gold Mines LP with Greenstone Gold Mines GP Inc. as its general partner. The company does not operate a project-level consumer or subscription offering, and its public-facing website functions primarily as a community engagement and operational transparency layer (blasting calendar, Community Sustainability Committee, notification system, sponsorship program, careers portal).

Go-to-market is a hybrid of community-led engagement (quarterly Community Sustainability Committee, annual Community BBQ and Mining Job Fair, controlled-burn and blasting notices for local residents and Indigenous partners) and parent-level sales execution (gold doré sold by Equinox Gold into commodity markets). Customer segments in the source data are stakeholder constituencies rather than revenue buyers; commercial output is monetized at spot prices by the parent. No project-level revenue, AISC, or unit-cost figures are disclosed in the source material.

Name

Greenstone Gold Mines

Legal name

Greenstone Gold Mines GP Inc. and Greenstone Gold Mines LP

Website

https://greenstonegoldmines.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Greenstone Gold Mines operates an open-pit gold mine near Geraldton, Ontario, producing more than 300,000 ounces of gold annually for a 15-year mine life. It is a wholly-owned subsidiary of Equinox Gold Corp., selling gold doré into global bullion markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Gold production and sales: Generates revenue by mining and selling gold doré from the Greenstone Mine as a wholly-owned cornerstone asset of parent Equinox Gold Corp. Revenue is driven by gold volumes produced (expected more than 300,000 ounces annually) and prevailing gold prices (e.g., $4,111.97/oz displayed on the website) over the mine's initial 15-year life. Sales are executed by the parent company into commodity markets; no project-level retail or subscription offering exists.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels5 records

Core offering

Greenstone Gold Mines designs, constructs, and operates an open-pit gold mine, processing plant, and ancillary facilities near Geraldton, Ontario, Canada. The integrated operation is structured across multiple pit phases (Phase 1A, Phase 1B, and Phase 2) covering the OPS Pit, Keno Pit, Goldfield, and WRSA D areas, with expected annual production of more than 300,000 ounces of gold over an initial 15-year mine life. Gold doré produced at the mine is sold by parent company Equinox Gold Corp. into global bullion markets at prevailing spot prices.

Product overview

Greenstone Gold Mines operates a single integrated mining product — the Greenstone Mine — which is a multi-million-ounce gold mining project located near Geraldton, Ontario, Canada. The mine is structured as a unified operation with three sequential pit phases (Operations Phase 1 Pit, Phase 1B Pit, and Phase 2 Pit, the latter comprising the OPS Pit, Keno Pit, Goldfield, and WRSA D areas), and is supported by the Kenogamisis, Brookbank and Viper Properties, all consolidated under Equinox Gold's 100% ownership. The company's digital offering is a single public-facing platform — the Greenstone Gold Mines Website — which acts as a transparency and engagement layer composed of several modules: the Blasting Calendar, the Community Feedback and Notification System, the Community Sustainability Committee information hub, the Sponsorship Program, the Feedback form, and a Careers Portal that links into Equinox Gold's recruitment platform. Together, the mine and the supporting website form Greenstone Gold Mines' complete product and service portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Greenstone Mine Multi-million-ounce open-pit gold mining project located near Geraldton, Ontario, Canada, structured as a single integrated operation comprising Phase 1A, Phase 1B, and Phase 2 pits (OPS Pit, Keno Pit, Goldfield, and WRSA D areas) with a processing plant and Tailings Management Facility. Expected to produce more than 300,000 ounces of gold annually over an initial 15-year mine life, sold by parent Equinox Gold into global bullion markets at prevailing spot prices.

Quantifiable outcome

• Expected annual production of more than 300,000 ounces of gold over an initial 15-year mine life.
• +1 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Equinox Gold Corp.flagshipStrategic or Co-development PartnerEquinox Gold is the 100% owner of Greenstone Gold Mines. Originally advanced Greenstone as a 60/40 partnership with Orion Mine Finance starting October 2021. On May 13, 2024, Equinox Gold completed the acquisition of Orion's 40% interest, consolidating 100% ownership of the Greenstone Mine and the Kenogamisis, Brookbank and Viper Properties. Equinox Gold positions Greenstone as its largest and cornerstone asset and operates its corporate and privacy/legal functions from Vancouver, BC.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• B2Gold Corp. B2Gold is a mid-tier gold producer operating open-pit mines in Africa and the Philippines and developing the Goose project in Canada. It is comparable as an intermediate gold producer with multi-jurisdictional exposure and a long-life Canadian development asset pipeline.
• Centerra Gold Inc. Centerra Gold is a mid-tier Canadian gold producer with operating mines and development projects in Canada, the U.S., and Central Asia. It is directly comparable to Greenstone as another Canadian-based mid-tier gold operator with tier-1 jurisdictional exposure.
• Alamos Gold Inc. Alamos Gold is a mid-tier Canadian gold producer with open-pit and underground mines in Canada (Young-Davidson, Island Lake) and Mexico (Mulatos, Cerro Pelon). It is comparable as a Canadian-based, tier-1-focused mid-tier gold producer with long-life assets.
• IAMGOLD Corporation: IAMGOLD is a mid-tier Canadian gold producer with operating mines in Canada and West Africa and a pipeline of Canadian development projects. It is comparable as a mid-tier Canadian gold operator focused on tier-1 and emerging jurisdictions with multi-asset, multi-jurisdictional exposure.
• Equinox Gold Corp. Equinox Gold is Greenstone's 100% parent and operator, producing gold from a multi-asset portfolio including the Mesquite, Castle Mountain, and Los Filos mines plus Greenstone. It is the most directly comparable company because it sets the financial, commercial, and strategic framework within which Greenstone operates.
• Agnico Eagle Mines Limited: Agnico Eagle is a senior Canadian gold producer operating large open-pit and underground mines in tier-1 jurisdictions (Canada, Australia, Finland). It is a direct comparable to Greenstone in scale, jurisdiction mix, and emphasis on long-life, large-tonnage Canadian assets.
• Kinross Gold Corporation: Kinross Gold is a senior intermediate gold producer operating large open-pit mines across the Americas and West Africa. It is a direct peer in scale and open-pit mining methodology, with comparable capex intensity and production profiles to a 300,000+ oz/year asset like Greenstone.

Broad incumbents

• Newmont Corporation: Newmont is the world's largest gold miner with a globally diversified portfolio of tier-1 open-pit and underground mines, including significant Canadian assets. It is a broad incumbent peer in scale, jurisdictional quality, and emphasis on long-life tier-1 assets.
• Barrick Gold Corporation: Barrick is one of the world's largest gold producers, operating tier-1 open-pit and underground mines across multiple continents. It is a broad incumbent peer in open-pit gold mining scale, capital intensity, and tier-1 jurisdictional strategy, though it is materially larger and more diversified than Greenstone.

Emerging players

• Dundee Precious Metals (or Endeavour Mining): Dundee Precious Metals is a Canadian-listed mining company operating gold and copper assets in Bulgaria and Namibia, representing a comparable mid-sized, multi-asset operator focused on tier-1 and emerging jurisdictions. (Endeavour Mining is an alternative — a West Africa-focused mid-tier gold producer with a comparable scale and open-pit profile — but is not Canada-listed.)

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/greenstone-gold-mines

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenstone Gold Mines