Equinox Gold Delivered 197,628 Oz of Gold in Q1

Equinox Gold (TSX: EQX, NYSE: EQX)

Announced strong production results for Q1 2026, along with an update on operations at its two Canadian cornerstone assets: Valentine Gold Mine in Newfoundland & Labrador and Greenstone Gold Mine in Ontario. 

 

 

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Equinox Gold

Valentine Gold Mine – Courtesy of Equinox Gold Corp.

Equinox Gold TSX: EQX
Stage Production, development, exploration
Metals Gold
Market cap C$16.5 Billion @ C$20.83
Location Canada, Nicaragua, USA
Website www.equinoxgold.com

 

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Equinox Gold Delivers Strong First Quarter with 197,628 Ounces of Gold Production, $990 Million of Debt Reduction and Inaugural Dividend Payment

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Equinox Gold Corp. (TSX: EQX, NYSE American: EQX)(“Equinox Gold” or the “Company”) is pleased to announce production results for the three months ended March 31, 2026 (“Q1” or the “Quarter”), along with an update on operations at its two Canadian cornerstone assets: Valentine Gold Mine (“Valentine”) in Newfoundland & Labrador and Greenstone Gold Mine (“Greenstone”) in Ontario.

All dollar figures are in United States dollars unless otherwise noted.

 

 

 

Darren Hall, CEO of Equinox Gold, commented:

 

“Equinox Gold delivered a strong first quarter, producing 197,628 ounces (“oz”) of gold, including 87,402 oz from our two Canadian operations.

 

“Canadian production is expected to be weighted to the second half of the year as the assets continue to ramp-up, supported by steady contributions from Nicaragua and Mesquite.

 

“Together, our operations are expected to generate strong cash flow in the current gold price environment, supporting the implementation of a two-pronged capital return program.

 

“At Greenstone, improvement programs initiated in 2025 continue to deliver positive results with winter mining rates averaging 180,248 tonnes per day, consistent with expectations and Q4 2025 performance.

 

“Q1 2026 mill throughput averaged 24,544 tpd, with 51% of days exceeding nameplate capacity (27,000 tpd) compared to 36% in Q4 2025. The team is focused on continued optimization and unlocking further value from the asset, consistent with the long-term profile outlined in the updated technical report.

 

“Valentine continues to ramp-up well with the process plant averaging 6,192 tpd, or 90% of nameplate capacity for the full quarter, and 101% of nameplate for February and March.

 

“We are also actively exploring on the property, following up on the exploration success announced in February, and advancing plans for the Phase 2 expansion, which together are expected to increase production and extend the mine life of this cornerstone asset.

 

“The sale of our Brazil operations, coupled with strong cash flow from our operating mines, allowed us to repay $990 million of debt during the quarter. With a strengthened balance sheet and confidence in our long-term outlook, we paid our first dividend of $0.015 per share on March 26, 2026.

 

“Across the portfolio, we are advancing exploration to support organic growth, while progressing technical studies at both Castle Mountain and Los Filos, which together have the potential to contribute more than 450,000 ounces of additional annual production when in operation.

 

“Delivering meaningful, long-term shareholder value through operational excellence, disciplined capital allocation and successful execution of organic growth opportunities remains our north star.

 

“We appreciate the support of our team and our shareholders as we work together to build a leading, Americas-focused gold producer.”

 

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Q1 2026 Highlights

  • Produced 197,628 ounces of gold, including 60,338 oz from Greenstone, 27,064 oz from Valentine, 13,174 oz from Mesquite, 81,280 oz from Nicaragua, 13,473 oz from Brazil and 2,299 oz from Castle Mountain
  • Resource expansion and discovery drilling continuesacross the portfolio
    • Announced the new high-grade Minotaur gold discovery at Valentine, 8 km north of the mill, and continued to identify consistent gold mineralization in the Frank Zone, along trend from existing Mineral Reserves
  • Canadian production estimated at 543,000 ounces per year from 2026-2036based on new technical reports (seeMarch 30, 2026 news release)
    • Greenstone: Average 320,000 ounces per year; opportunities for mine life extension and production growth from underground mineral resources, near-mine and regional deposits and mill throughput increase
    • Valentine: Average 223,000 ounces per year with successful completion of the Phase 2 expansion; estimated $414 million capital cost and 24-month construction timeline; expansion to be funded through cash flow and available credit facility; opportunities for mine life extension from Frank Zone and future exploration success.

 

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To read the full news release please click HERE

To see the latest share price and chart, please click HERE.

To View Equinox Gold’s historical news, please click here

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Equinox Gold.

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To read our full terms and conditions, please click HERE




Equinox Gold to Produce 540,000 Ounces of Gold PA

Equinox Gold Corp. (TSX: EQX)

Reported results from updated technical reports for its Greenstone Gold Mine and its Valentine Gold Mine, both located in Canada.

The Company reported its Mineral Reserves and Mineral Resources including 19 million ounces of gold in Mineral Reserves, 19 million ounces in M + I Resources exclusive of Mineral Reserves, and 11 million ounces in Inferred Mineral Resources.

 

 

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Equinox Gold

Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

 

 

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Equinox Gold TSX: EQX
Stage Production, development, exploration
Metals Gold
Market cap C$16 Billion @ C$20.32
Location Canada, Nicaragua, USA
Website www.equinoxgold.com

 

 

Equinox Gold to Produce 540,000 unces of Gold PA for 10 years

 

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to report results from updated technical reports for its Greenstone Gold Mine (“Greenstone”) located in Ontario, Canada and its Valentine Gold Mine (“Valentine”) located in Newfoundland & Labrador, Canada.

In addition, the Company today reported its Mineral Reserves and Mineral Resources as at December 31, 2025, including 19 million ounces of gold in Mineral Reserves, 19 million ounces in Measured and Indicated Mineral Resources exclusive of Mineral Reserves, and 11 million ounces in Inferred Mineral Resources.

For a detailed summary by asset, refer to the Company’s Annual Information Form, which will be available for download later today on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Equinox Gold’s website at www.equinoxgold.com. All dollar figures are in United States dollars unless otherwise noted.

 

 

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Darren Hall, Chief Executive Officer, commented: 

“Our immediate focus at Greenstone is executing the ramp-up and achieving sustained nameplate milling capacity of 27,000 tonnes per day. Delivering consistent performance at this level will establish Greenstone as a cornerstone asset within our portfolio.

 

“At this throughput rate, the updated technical report outlines an operation expected to average approximately 320,000 ounces of gold annually over the next decade, representing a strong outcome for a long-life asset located in a Tier 1 jurisdiction.

 

“Once we achieve stable nameplate performance, we see additional opportunities to further optimize the operation and create value.

 

“These include increasing mill throughput toward 30,000 tonnes per day, incorporating higher-grade underground resources into future mine plans, and advancing near-mine and regional exploration targets across our large, 400 km2 land package.

 

“With 1.6 million ounces of Measured and Indicated Resources and 1.2 million ounces of Inferred Resources delineated in the underground deposit, and an additional 1.1 million ounces of Indicated Resources identified to date on the broader land package, we believe there is meaningful potential to enhance grades, extend mine life and potentially increase annual production over time.

 

“At Valentine, the updated technical report highlights significant benefits from the planned Phase 2 expansion. Following completion of Phase 2 construction, which is targeted for H2 2028, throughput is expected to increase to approximately 13,700 tonnes per day (5.0 Mtpa), and annual gold production is expected to average approximately 223,000 ounces per year for the subsequent ten years.

 

“We see additional strong opportunities to extend mine life and further enhance the value of this asset. Ongoing delineation efforts at the Frank Zone have the potential to evolve into a fourth open pit, and we are advancing drilling this year to better define that opportunity.

 

“Combined with ongoing exploration across the broader, 320 km2 land package and future throughput optimization potential, Valentine represents a long-life, scalable production platform capable of delivering sustainable growth well beyond the current mine plan.

 

“Additionally, we remain focused on unlocking further value through the growth and enhancement of our overall Mineral Reserves and Mineral Resources, supported by a robust $70 to $80 million exploration budget for 2026.”

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To read the full news release please click HERE

To see the latest share price and chart, please click HERE.

 

To View Equinox Gold’s historical news, please click here

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The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Equinox Gold.

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To read our full terms and conditions, please click HERE




Equinox Gold Consolidates Ownership of the Greenstone Gold Mine

Equinox Gold (TSX: EQX)

Announced that it has entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion’s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine  in Ontario, Canada.

 

 

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Comment

This follows the confirmation yesterday that Gold Road Resources have withdrawn from the negotiations to buy 40% of Greenstone Gold Mines of Canada.

It clarifies the ambiguous statement by Gold Road yesterday where they stated that they had withdrawn from the current negotiations, implying they may re-enter in the future.

At least this clears that up.

I hope Gold Road stay in their own jurisdiction in the future, as I have stated, I don’t like to see ASX companies working in Canada, nor the opposite way around.

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Equinox Gold Consolidates Ownership of the Greenstone Gold Mine, Arranges Term Loan and Bought Deal Equity Financing

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All dollar amounts shown in United States dollars, unless otherwise indicated.

Equinox Gold (TSX: EQX, NYSE American: EQX) is pleased to announce that it has entered into a binding share purchase agreement (the “SPA”) with certain funds managed by Orion Mine Finance Management LP (“Orion”) to acquire Orion’s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine (“Greenstone”) in Ontario, Canada (the “Transaction”).

 

Under the terms of the SPA, Equinox Gold will pay $995 million to acquire Orion’s 40% interest in Greenstone, payable as follows:

  • 42.0 million common shares of Equinox Gold valued at $250 million;
  • $705 million in cash payable on closing; and
  • $40 million in cash payable by December 31, 2024.

Equinox Gold will fund the cash consideration with net proceeds from both a new $500 million three-year term loan and a bought deal equity financing of common shares of Equinox Gold for approximately $260 million.

 

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Anticipated Benefits to Equinox Gold Shareholders

  • Rare opportunity to consolidate a world-class gold mine– Consolidates 100% ownership of Greenstone, one of the largest and highest-grade open pit gold mines in Canada, a top mining jurisdiction, at the beginning of its expected 14+ year mine life and into a historically strong gold price environment.
  • Increases production and is significantly accretive to near-term EBITDA and cash flow– Increases the Company’s annual gold production by an expected 160,000 low-cost ounces per year with significant near-term EBITDA and cash flow per share accretion. Consolidated Greenstone will be Equinox Gold’s largest mine, producing an expected average of 400,000 ounces of gold per year over the first five years, and is expected to be one of the world’s lowest-cost open-pit gold mines, with cash costs in the industry’s lower quartile.
  • Delivers substantial growth and exploration potential ­– Consolidates the Greenstone underground deposit, a key expansion opportunity at Greenstone, as well as multiple gold deposits in a highly prospective land package over a 100-km trend to the west of Greenstone, enhancing the Company’s long-term growth profile with both expansion and exploration potential.

 

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Ross Beaty, Chairman of Equinox Gold, stated:

 

“When we acquired our 60% interest in Greenstone in 2021, our goal was to ultimately own the whole mine.

 

“Consolidating 100% of Greenstone into Equinox Gold delivers our shareholders full exposure to a mine of outstanding scale and quality, in one of the best mining jurisdictions in the world, while meaningfully growing our expected production, cash flow and reserves.”

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To read the full news release, please clink HERE

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The live gold price can be found HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Equinox Gold

.

To read our full terms and conditions, please click HERE




Gold Road Resources Response to Media Speculation

Gold Road Resources (ASX: GOR)

Notes media speculation in The Australian regarding the potential acquisition of an interest in the Greenstone Gold Mines in Canada.

Gold Road confirms its participation in a sale process conducted by Orion Resource
Partners (USA) LP for Greenstone Gold Mines.

 

 

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Greenstone

 

 

 

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Gold Road ASX : GOR
Stage Production   (50% JV)
Metals Gold
Market cap A$1.84 Billion   @ A$1.70
Location Laverton, Western Australia

 

Comment

This company never ceases to amaze me.

 

Every time the share price starts to rise, they make an announcement to drag it back down again!

 

Operational difficulties and severe weather events are, of course, part of the natural risks involved in investing in mining companies, but why oh why do they see the need to cross the planet to invest in a project, when in Western Australia, and the cuountry as a whole, there are an abundance of gold projects?

 

The market clearly doesn’t like this news any more than I do, and I can understand why.

 

Gold Road Resources Response to Media Speculation

 

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Gold Road Resources Limited (ASX; GOR) (Gold Road or the Company) notes media speculation in The Australian regarding the potential acquisition of an interest in the Greenstone Gold Mines in Canada.

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Gold Road confirms its participation in a sale process conducted by Orion Resource
Partners (USA) LP for Greenstone Gold Mines.

 

This participation remains on going and Gold Road has not entered into any definitive acquisition agreements with respect to Greenstone Gold Mines.

Gold Road continues to evaluate strategic opportunities and will only pursue acquisitions if it is in the best interests of its shareholders.

The Company will keep the market informed in accordance with its continuous disclosure obligations.

This release was authorised by the Managing Director and CEO, Duncan Gibbs.

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To read the full news release, please click HERE

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Live spot metal prices can be found HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Gold Road Resources

.

To read our full terms and conditions, please click HERE