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Equinox on track for 2010 projection - Nick Evans

July 15,2010

COPPER producer Equinox Minerals is maintaining its 135,000-tonne copper projection for 2010 from the Lumwana mine, after a record second quarter of production.

Preliminary results announced today show the company mined 26.6 million tonnes of ore at 1.02% copper for 43,835t of copper concentrate. That is a 44% improvement over the previous quarter, when production at the mine was hit by the Zambian wet season.

It also is an almost 80% improvement on the same period last year.

Equinox said this morning the production improvements came from improvements in mobile equipment availability on site. This is mostly due to an improved maintenance program put in place by the company and equipment supplier Hitachi.

The mill and crusher produced at rates close to 20Mtpa through April and June, dropping beneath that in May due to a planned six day shut down.

Equinox's full quarterly results, including financials, are due later this month.

Equinox shares were steady at $4.83 in early trading this morning.