Equinox Gold reported 2025 gold production of 856,908 ounces within its guidance range and said it poured first gold at the Valentine mine in September 2025, declaring commercial production in November 2025. The company also highlighted operational improvements at Greenstone that lifted mining rates and mill throughput in the second half of 2025. On the portfolio side, Equinox Gold completed its acquisition of Calibre Mining, adding the Valentine mine, the Nicaragua operations (La Libertad and El Limon), and the Pan mine; it later sold Pan and related Nevada assets to Minera Alamos. The company also closed the sale of its Brazil operations, receiving upfront cash proceeds and retaining a potential production-linked contingent payment, and used proceeds to repay its term loan and extinguish the Sprott loan, followed by an additional payment on its revolving facility. For 2026, Equinox Gold guided to 700,000–800,000 ounces of gold production with cost and spending targets, and said its primary operating focus is ramping up Greenstone and Valentine while advancing studies for a Valentine Phase 2 expansion and permitting and engineering for the Castle Mountain Phase 2 expansion; Los Filos remains indefinitely suspended while the company evaluates a revised development approach and continues community engagement. The full report can be accessed through the link below.

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