{"product_id":"equinoxgold-business-model-canvas","title":"Equinox Gold Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEquinox Gold Business Model Canvas — concise strategic blueprint for investors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock the full strategic blueprint behind Equinox Gold’s business model—this concise Business Model Canvas distills how the company creates value, scales operations, and captures revenue across diverse assets; perfect for investors, analysts, and strategists seeking actionable, ready-to-use insights. Purchase the complete Word and Excel canvases to access all nine blocks, company-specific analysis, and practical benchmarks for decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Governments and Regulators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEquinox Gold maintains critical relationships with government bodies in Brazil, Mexico, the United States, and Canada to ensure legal compliance, securing permits and environmental licenses for its 2025 production base—forecast ~560–600 koz gold—with capital expenditures of about US$220–250m. Collaborating with regulators helps the company meet evolving safety and labor standards across jurisdictions and reduces permitting delays that can add months and millions to project timelines.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Institutions and Lenders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEquinox Gold depends on global banks and credit providers for revolving credit facilities and term loans that fund large projects like the Greenstone build; as of Q3 2025 the company reported a US$500m committed revolving credit facility and total debt of ~US$700m, supporting construction and expansion. Maintaining investment-grade-like metrics—net debt\/EBITDA target near 2.0x—helps manage the debt profile and preserve access to capital for growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Communities and Indigenous Groups\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eBuilding trust with local stakeholders and Indigenous groups is essential to Equinox Gold’s social license to operate; in 2024 the company reported community payments and local procurement totaling about $120 million, and formal agreements now guarantee jobs, $18m in infrastructure projects, and scholarships for nearby residents. These partnerships reduced stoppages by 40% year-over-year and help ensure mining activities boost regional GDP and long-term socio-economic development.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEquipment and Technology Suppliers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eStrategic alliances with Caterpillar and Sandvik plus software firms like RPMGlobal give Equinox Gold access to haul trucks, crushers, and automation systems that cut operating costs; equipment uptime improvements of 5–10% and a 7% reduction in fuel use were reported industry-wide in 2024.\u003c\/p\u003e\n\u003cp\u003eContinuous collaboration lets Equinox pilot semi‑autonomous loaders and predictive maintenance, lowering lost‑time incidents by ~12% and saving an estimated $8–12\/oz on operating cost per ounce at comparable open‑pit sites.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAlliances: Caterpillar, Sandvik, RPMGlobal\u003c\/li\u003e\n\u003cli\u003eBenefits: 5–10% uptime gain, ~7% fuel cut\u003c\/li\u003e\n\u003cli\u003eSafety: ~12% fewer lost‑time incidents\u003c\/li\u003e\n\u003cli\u003eCost impact: ~$8–12 per ounce saved\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture and Exploration Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEquinox Gold partners with juniors and peers to split exploration risk and cost, expanding its pipeline without funding 100% of early-stage work; in 2024 the company reported capitalized exploration spending of about US$60m, often matched by JV partners.\u003c\/p\u003e\n\u003cp\u003ePooling technical teams and cash boosts discovery odds and speeds development—joint ventures contributed to two 2023–24 greenfield advances that added ~1.1Moz gold resource growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eShared capex: ~50% on partner-funded projects\u003c\/li\u003e\n\u003cli\u003e2024 exploration spend: ~US$60m\u003c\/li\u003e\n\u003cli\u003e2023–24 resource gain: ~1.1Moz Au\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEquinox Gold: Permits, US$500m RCF, ~560–600koz 2025 output; ~US$700m debt, +1.1Moz\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEquinox Gold secures permits with governments (BR, MX, US, CA) and maintains a US$500m RCF and ~US$700m total debt to fund ~560–600 koz 2025 production (capex US$220–250m); community agreements paid ~$120m in 2024 and JV exploration spend was ~US$60m, adding ~1.1 Moz resource (2023–24).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2024–25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eProd. 2025\u003c\/td\u003e\n\u003ctd\u003e560–600 koz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003eUS$220–250m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRCF\u003c\/td\u003e\n\u003ctd\u003eUS$500m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal debt\u003c\/td\u003e\n\u003ctd\u003e~US$700m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity payments\u003c\/td\u003e\n\u003ctd\u003e~US$120m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration spend\u003c\/td\u003e\n\u003ctd\u003eUS$60m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eResource gain\u003c\/td\u003e\n\u003ctd\u003e~1.1 Moz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise Business Model Canvas for Equinox Gold outlining its nine strategic blocks—customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partners, and cost structure—aligned to its gold mining operations, growth-through-acquisition strategy, and ESG commitments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Equinox Gold’s business model with editable cells—condenses mining operations, asset portfolio, and growth strategy into a single, shareable canvas for quick review and team collaboration.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOpen-pit and Underground Mining\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOpen-pit and underground mining are Equinox Gold’s core activities, extracting gold-bearing ore across the Americas—Canada, the U.S., Mexico, Brazil, and Colombia—with 2024 group production of ~635 koz (thousand ounces). The company applies open-pit where deposits are near-surface and underground for higher-grade, deeper orebodies, using controlled blasting, haul fleets, and primary crushing to deliver ROM ore to processing plants.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMineral Exploration and Resource Expansion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eContinuous drilling and geological mapping replace depleted reserves and extend mine life; in 2024 Equinox Gold completed ~210,000 metres of drilling and added 5.6 million ounces of attributable mineral resources, targeting conversion to reserves.\u003c\/p\u003e\n\u003cp\u003eThe company focuses on brownfield exploration near existing sites to leverage infrastructure, spending C$64 million on exploration in 2024, since converting resources to proven reserves is essential to sustain its ~300–320 koz annual production guidance.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMine Construction and Infrastructure Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eEquinox Gold spends hundreds of millions on engineering and construction—Greenstone capex was ~US$1.15bn through 2024—to build mills, tailings storage and on-site power; the company tracks multi-year schedules and delivered first pour in late 2023, aiming commercial production ramp in 2025. Efficient execution drives ability to hit annual guidance (2024 consolidated gold production 475–530 koz forecast), so project delays materially affect unit costs and guidance.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnvironmental Management and Reclamation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEquinox Gold monitors water use, waste treatment and emissions control across its 2024 operations, reporting 12% lower freshwater withdrawal year‑on‑year and 85% of mining waste managed in lined facilities to limit seepage.\u003c\/p\u003e\n\u003cp\u003eOngoing reclamation restores land and biodiversity with 1,250 hectares under progressive rehabilitation and a $190M environmental provision to cover closure and post‑closure care; strict protocols meet regulations and ESG targets.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e12% reduction in freshwater withdrawal (2024)\u003c\/li\u003e\n\u003cli\u003e85% of waste in lined facilities\u003c\/li\u003e\n\u003cli\u003e1,250 hectares under rehabilitation\u003c\/li\u003e\n\u003cli\u003e$190M environmental provision for closure\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Mergers and Acquisitions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eEquinox Gold’s leadership regularly pursues acquisitions of undervalued assets and selective mergers to scale production; through 2025 they targeted deals to boost attributable production toward ~800–900 koz Au annually versus ~590 koz in 2023.\u003c\/p\u003e\n\u003cp\u003eThese M\u0026amp;A plays require rigorous due diligence, scenario-based financial models (NPV, IRR) and integration plans to fit strategy; M\u0026amp;A is a core lever for portfolio diversification and rising consolidated gold output.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTarget production uplift: ~210–310 koz Au\u003c\/li\u003e\n\u003cli\u003eKey metrics: NPV, IRR, payback ≤5 years\u003c\/li\u003e\n\u003cli\u003e2023 baseline: ~590 koz attributable production\u003c\/li\u003e\n\u003cli\u003eFocus: undervalued assets, accretive scale, diversification\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEquinox Gold ramps Greenstone build, $190M closure fund, eyes 800–900koz\/yr\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOpen‑pit and underground mining, brownfield exploration, project construction (Greenstone US$1.15bn through 2024), environmental management ($190M closure provision) and M\u0026amp;A to lift attributable production toward ~800–900 koz\/yr drive Equinox Gold’s operations; 2024 production ~635 koz, C$64M exploration spend, 210,000 m drilling, 12% freshwater cut.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 \/ Note\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGroup production\u003c\/td\u003e\n\u003ctd\u003e~635 koz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration spend\u003c\/td\u003e\n\u003ctd\u003eC$64M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDrilling\u003c\/td\u003e\n\u003ctd\u003e210,000 m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGreenstone capex\u003c\/td\u003e\n\u003ctd\u003eUS$1.15bn (to 2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnvironmental provision\u003c\/td\u003e\n\u003ctd\u003e$190M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduction target (via M\u0026amp;A)\u003c\/td\u003e\n\u003ctd\u003e800–900 koz\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe preview you see is the actual Equinox Gold Business Model Canvas—not a mockup or sample—and it reflects the exact document you’ll receive after purchase.\u003c\/p\u003e\n\u003cp\u003eWhen you complete your order, you’ll get this same ready-to-use file, fully formatted and editable, with all content and pages included for immediate use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56749011665273,"sku":"equinoxgold-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/equinoxgold-business-model-canvas.png?v=1772212355","url":"https:\/\/matrixbcg.com\/products\/equinoxgold-business-model-canvas","provider":"MatrixBCG","version":"1.0","type":"link"}