Equinox Gold(TSXV:EQX)

Equinox Gold is positioned for growth with high-quality, long-life gold operations in Canada and across the Americas and a pipeline of development and expansion projects.

Investor website: https://www.equinoxgold.com/

About

Equinox Gold is positioned for growth with high-quality, long-life gold operations in Canada and across the Americas and a pipeline of development and expansion projects. The company aims to become an Americas-based million-ounce gold producer with a reputation for excellence.

Verified company data

Cash position
$192.0 million
Shares outstanding
789.1 M
Fully diluted shares
834.2 M
Mineral resource
Equinox Gold has one of the largest Mineral Reserve and Mineral Resource endowments of its peer group. The Valentine Gold Mine has reserves of 2,748 Koz @ 1.66 g/t gold and M&I resources of 1,169 Koz @ 1.24 g/t gold. The Greenstone Gold Mine has reserves of 5,334 Koz @ 0.93 g/t gold and M&I resources of 2,966 Koz @ 1.71 g/t gold.
Projects
["### Valentine Phase 2\n\nNewfoundland and Labrador, Canada\n\n[View Project](https://www.equinoxgold.com/growth-projects/aurizona-expansion/)\n\n### Castle Mountain Phase 2\n\nCalifornia, USA\n\n[View Project](https://www.equinoxgold.com/growth-projects/castle-mountain-expansion/)\n\n### Los Filos Expansion\n\nGuerrero, Mexico\n\n[View Project](https://www.equinoxgold.com/growth-projects/los-filos-expansion/)\n\n### Valentine Gold Mine\n\n#### Atlantic Canada’s next major gold mine\n\nValentine poured first gold on September 14, 2025, announced commercial production on November 18th, and is on track to ramp up to design capacity by Q2 2026.\n\n## **Snapshot**\n\n### Ownership\n#### 100%\n### Location\n#### Newfoundland and Labrador, Canada\n### 2026 Production1\n#### 150,000 – 200,000 oz\n### 2026 Costs1\n#### $1,200 – $1,300/oz\n### Reserves\n#### 2,748 Koz @ 1.66 g/t gold\n### M&I Resources2\n#### 1,169 Koz @ 1.24 g/t gold\n### Mining and processing\n#### Open-pit / CIL plant\n\n1. 2026 guidance as announced on January 14, 2026.\n2. M&I Mineral Resources are **exclusive** of Mineral Reserves. See [Operations / Reserves & Resources](https://www.equinoxgold.com/operations/reserves-and-resources/) and [Cautionary Notes](https://www.equinoxgold.com/company/cautionary-notes/).\n\n## **Overview**\n\nThe Valentine Gold Mine is located in central Newfoundland and Labrador, one of the world’s top mining jurisdictions. When operating at capacity, Valentine will be the largest gold mine in Atlantic Canada and a significant economic driver for the province.\n\nThe project spans a 32-km mineralized trend with multiple deposits and strong exploration upside. Equinox Gold has completed extensive drilling on a new discovery along trend from existing reserves – the Frank Zone – that has the potential to be developed into a fourth open pit. In addition, the new Minotaur Zone discovery, 8 km north of the Valentine mill, demonstrates the district-scale potential of this property. More information about these two discoveries is available in the [February 2, 2026 news release](https://www.equinoxgold.com/wp-content/uploads/2026/01/20260202-EQX-Valentine-Drill-Results-News-Release-Final.pdf).\n\n## **Ramp-up Progressing Well**\n\nValentine started processing ore in August 2025, poured first gold in September and achieved commercial production in November 2025. Throughput in Q4 2025 averaged 90% of nameplate capacity, with more than 47% of days operating above nameplate of 6,850 tpd. The mine poured 23,816 ounces of gold in 2025 and is expected to produce 150,000 to 200,000 ounces of gold in 2026.\n\nIn addition, Equinox Gold is advancing a Phase 2 expansion at Valentine to increase throughput from 2.5 million to ~5.0 million tonnes per year. The expansion is expected to increase annual production by approximately 25%, and is described in more detail in _Growth Projects_.\n\n### Greenstone Gold Mine\n\n#### Producing gold in Ontario, Canada\n\nGreenstone is an open-pit gold mine with underground potential.\n\n## **Snapshot**\n\n### Ownership\n#### 100%\n### Location\n#### Ontario, Canada\n### 2026 Production1\n#### 250,000 – 300,000 oz gold\n### 2026 Costs1\n#### $1,750 – $1,850 per oz AISC\n### Reserves2\n#### 5,334 Koz @ 0.93 g/t gold\n### M&I Resources3\n#### 2,966 Koz @ 1.71 g/t gold\n### Mining and processing\n#### Open-pit / CIL plant\n\n1. _2026 guidance as announced on January 14, 2026._ See [Cautionary Notes](https://www.equinoxgold.com/cautionary-notes/).\n2. _Mineral Reserves as reported in the 2024 Technical Report_. See [Operations](https://www.equinoxgold.com/operating-mines/) / [Reserves & Resources](https://www.equinoxgold.com/reserves-and-resources/) and [Cautionary Notes](https://www.equinoxgold.com/cautionary-notes/).\n3. _M&I Mineral Resources are exclusive of Mineral Reserves._ See [Operations](https://www.equinoxgold.com/operating-mines/) / [Reserves & Resources](https://www.equinoxgold.com/reserves-and-resources/) and [Cautionary Notes](https://www.equinoxgold.com/cautionary-notes/).\n\n## **Overview**\n\nGreenstone is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada, approximately 275 km northeast of Thunder Bay in Geraldton, Ontario. With the expectation of producing 320,000 ounces of gold annually for the next ten years, Greenstone is a cornerstone asset in Equinox Gold’s portfolio and the Company’s largest mine.\n\nOn October 27, 2021, Equinox Gold announced groundbreaking for full-scale construction of the Greenstone Mine, with first gold pour targeted for the first half of 2024. Construction was advanced in a 60/40 joint venture between Equinox Gold (60%) and Orion Mine Finance (40%), and was effectively complete at the end of 2023. Commissioning began in January 2024. On May 13, 2024, Equinox Gold acquired Orion’s 40% interest to consolidate 100% ownership of the mine, on May 22, 2024 the Greenstone Mine poured first gold, and on November 6, 2024 the Greenstone Mine announced commercial production.\n\nThe Greenstone team has constructed a 27,000 tonnes-per-day (“tpd”) leach/carbon-in-pulp processing facility with recoveries expected to average ~87%. The [March 2026 technical report](https://www.equinoxgold.com/wp-content/uploads/2026/03/2026-03-Greenstone-Tech-Report.pdf) for Greenstone summarizes the technical and production parameters for an open-pit mine with an initial 15-year mine life."]
Leadership
Ross Beaty (Chair, C.M. with extensive experience in mining and resource development, known for his leadership in various successful mining ventures.), Greg Smith (CEO, with a strong background in finance and operations, focused on building a premier gold producer in the Americas.), Peter Hardie (CFO, experienced in corporate finance and strategic planning, overseeing financial operations at Equinox Gold.)

Verified data last updated: 2026-05-15

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