12:32 PM EDT, 04/08/2024 (MT Newswires) -- Equinox Gold ( EQX ) said Monday that mining at the Piaba pit in Maranhao, Brazil, was paused after heavy rains caused displacement of material in two locations in the south wall of the pit.

Mining was paused after access to the pit was restricted. The company is establishing an initial remediation plan and confirming the pit's safety.

To offset the impact of the pause at Piaba pit on planned 2024 production, the company is accelerating mining activities at the new Tatajuba pit.

Equinox shares were down a little more than 1% in recent trading.

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