Iamgold previously earned a 70% interest in the project with an investment of $10.9 million.

Company has enlarged the security area around the Doutor dam at the Timbopeba mine in the Mariana Complex.

The company re-started exploration in May, after a temporary suspension in response to covid-19.

Codelco said last week it was rebooting operations and projects it had temporarily shelved, beginning with the sprawling underground copper mine.

First drill in south-east Ecuador hit 567 metres of 1% copper-equivalent (0.8% copper, 0.04% molybdenum and 0.1 g/t silver) starting at surface.

Despite the pandemic, Equinox still recorded its highest quarterly gold production in the quarter.