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Equinox Gold

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Equinox Gold is a premier gold producer in North America, with a portfolio of high-quality, long-life gold operations in Canada and across the Americas.

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

About

Equinox Gold is a premier gold producer in North America, with a portfolio of high-quality, long-life gold operations in Canada and across the Americas. Founded by Ross Beaty, the company aims to create a million-ounce gold producer with a reputation for excellence, supported by a strong executive team and a commitment to responsible mining and corporate governance.

Verified company data

Cash position
$192.0 million
Shares outstanding
1167.5 M
Fully diluted shares
1247.5 M
Mineral resource
Reserves: 5,334 Koz @ 0.93 g/t gold. M&I Resources: 2,966 Koz @ 1.71 g/t gold.
Projects
["Greenstone Gold Mine\n\nProducing gold in Ontario, Canada\n\nGreenstone is an open-pit gold mine with underground potential.\n\nSnapshot\n\nOwnership\n\n100%\n\nLocation\n\nOntario, Canada\n\n2026 Production1\n\n250,000 – 275,000 oz gold\n\n2026 Costs1\n\n$1,900 – $2,000 per oz AISC\n\nReserves2\n\n5,334 Koz @ 0.93 g/t gold\n\nM&I Resources3\n\n2,966 Koz @ 1.71 g/t gold\n\nMining and processing\n\nOpen-pit / CIL plant\n\n1. Updated _2026 guidance as announced on August 5, 2026._ See Cautionary Notes.\n\n2. _Mineral Reserves as reported in the 2024 Technical Report_. See Operations / Reserves & Resources and Cautionary Notes.\n\n3. _M&I Mineral Resources are exclusive of Mineral Reserves._ See Operations / Reserves & Resources and Cautionary Notes.\n\nOverview\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 for Greenstone summarizes the technical and production parameters for an open-pit mine with an initial 15-year mine life.\n\nOpportunities\n\nThere are a number of opportunities at Greenstone to both extend the mine life and potentially increase annual production:\n\n- Potential mill throughput increase toward 30,000 tpd\n- Conversion of underground and satellite Mineral Resources to Mineral Reserves\n- Mine life extension and/or annual production increase from higher-grade underground Mineral Resources not included in current mine plan\n- Mine life extension from existing deposits potentially within trucking distance of the mine (Kailey, Key Lake and Brookbank)\n- Exploration potential from three past-producing mines on the property with historical production of more than 1 Moz at grades greater than 10 g/t gold that have had no modern exploration\n\nOperating Data\n\n| | 2025 Actuals | 2024 Actuals1 |\n| --- | --- | --- |\n| Gold produced (oz) | 223,843 | 111,717 |\n| Cash costs ($/oz) | 1,380 | 970 |\n| AISC ($/oz) | 1,824 | 1,025 |\n| Sustaining capital ($M) | 94.5 | 5.3 |\n| Growth capital ($M) | 121.4 | 212.9 |\n\n1. 2024 was a partial year of production. Greenstone poured first gold in May 2024 and achieved commercial production in November 2024.\n\nViola R. MacMillan Award\n\nOn March 2, 2026, Equinox Gold received the Prospector & Developers Association of Canada “Viola R. MacMillan Award” in recognition of the team’s strategic vision and financial execution in acquiring, financing and developing the Greenstone Mine. More information about this tremendous honour is available on PDAC’s website and you can watch the award video by clicking on the photo below.\n\nIndigenous Partnerships\n\nGreenstone is located on the traditional territories of four First Nations – the Animbiigoo Zaagi’igan Anishinaabek (AZA), the Aroland First Nation (AFN), the Ginoogaming First Nation (GFN) and the Long Lake #58 First Nation (LL58) – and is home to the citizens of the Métis Nation of Ontario (MNO).\n\nGreenstone’s Indigenous partners have been involved with the project since the outset. Long-term relationship agreements are in place with a combined group of three First Nations (AZA, AFN and GFN), with LL58 and with MNO. These agreements include a range of commitments and shared responsibilities associated with environmental management, the use of traditional knowledge and heritage resources, employment and training, business and contracting opportunities, and financial participation."]
Leadership
Darren Hall (CEO & Director, Over 35 years of experience in the mining industry with a track record of increasing production, reducing costs, and promoting health and safety. Previously President and CEO of Calibre Mining.), Jason Simpson (President & Director, Mining executive with over 28 years of experience in operations leadership and project construction. Formerly President & CEO of Orla Mining.), Peter Hardie (Chief Financial Officer, CFO of Equinox Gold since August 2016 with nearly 20 years of finance and accounting experience.), Andrew Cormier (Chief Operating Officer, Over 30 years of experience in the mining industry, previously COO at Orla Mining.), Daniella Dimitrov (Chief Corporate Development, Sustainability & Risk Officer, Over 25 years of leadership in strategy and finance in the mining sector.), Etienne Morin (Chief Capital Markets Officer, Accomplished finance professional with 17 years in the mining industry, previously CFO of Orla Mining.), Matthew MacPhail (EVP Technical Services, Over 15 years of experience in technical services and capital markets within mining.), Sylvain Guerard (EVP Exploration, Senior mining executive with over 35 years of global exploration leadership.), Chuck Jeannes (Chair, Former President and CEO of Goldcorp with extensive experience in capital markets and corporate governance.), Lenard Boggio (Lead Director, Independent Lead Director and former partner at PwC with over 30 years in the mining sector.), Tamara Brown (Director, Mining professional with over 30 years of technical and capital markets experience.), Omaya Elguindi (Director, Chair of Compensation and Nomination Committee with over 20 years in the technology sector.), Douglas Forster (Director, Over 35 years in mining and capital markets, former CEO of Newmarket Gold.), Blayne Johnson (Director, Over 38 years of experience in the investment community, currently Chairman of Featherstone Capital.), Rob Krcmarov (Director, President and CEO of Hecla Mining Company with 20 years at Barrick Gold.), David Stephens (Director, Mining and finance professional with 20 years of experience, partner at Agentis Capital.), Mike Vint (Director, Associate Director of Mining with extensive experience in mine operations and corporate finance.), Ross Beaty (Chair Emeritus & Special Advisor, Founder of Equinox Gold with over 50 years in the minerals and renewable energy industries.)

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