Equinox Gold Achieves Commercial Production at Valentine Gold Mine, Driving Canadian Gold Production Growth into 2026
Equinox Gold Achieves Commercial
Production at Valentine Gold Mine, Driving
Canadian Gold Production Growth into 2026
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) -
Equinox Gold Corp.
(TSX:
EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce commercial
production at its 100% owned Valentine Gold Mine ("Valentine") in Newfoundland & Labrador, Canada.
Darren Hall, CEO of Equinox Gold, commented:
"Achieving commercial production at Valentine
marks an important milestone as we expand our Canadian operations. The operation is performing well,
with plant availability, throughput, and recoveries exceeding commissioning period expectations. I'm
incredibly proud of the team for responsibly and efficiently ramping up production ahead of schedule.
"For the last 60 days, the Valentine process plant averaged 5,451 tonnes per day ("tpd"), representing
80% of nameplate capacity of 6,850 tpd, with gold recovery averaging over 93% on lower-grade
commissioning feed of 1.2 grams per tonne gold.
"Valentine is expected to deliver into the higher end of our Q4 production range of 15,000 to 30,000
ounces of gold. With the ramp-up firmly on track, I anticipate Valentine will reach nameplate capacity by
Q2 2026, resulting in 150,000 to 200,000 ounces of gold produced in 2026. Concurrently we are
advancing Phase 2 studies that could increase mill throughput to 5 million tonnes per year, doubling the
current nameplate capacity, and up from 4 million tonnes in the 2022 feasibility study."
About Equinox Gold
Equinox Gold (TSX: EQX) (NYSE American: EQX) is a Canadian mining company positioned for growth
with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas,
and a pipeline of development and expansion projects. Founded and chaired by renowned mining
entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the
Company is focused on disciplined execution, operational excellence and long-term value creation.
Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to
growth. Learn more at
www.equinoxgold.com
or contact
.
Equinox Gold Contact
Ryan King
Executive Vice President, Capital Markets
T: 778.998.3700
E:
E:
Cautionary Notes & Forward-Looking Statements
This news release includes forward-looking information and forward-looking statements within the
meaning of applicable securities laws and may include future-oriented financial information or financial
outlook information (collectively "Forward-looking Information"). Actual results of operations and the
ensuing financial results may vary materially from the amounts set out in any Forward-looking Information
Forward-looking Information in this news release includes: the Company's strategic vision and
expectations for exploration potential, production capabilities, growth potential, expansion projects and
future financial or operating performance, including shareholder returns; expectations for Greenstone
and Valentine operations, including achieving design capacity, anticipated production and cost
guidance; potential future mining opportunities around Valentine; the Company's ability to improve cash
flow and reduce debt. Forward-looking Information is typically identified by words such as "believe",
"will", "achieve", "grow", "plan", "expect", "estimate", "anticipate", "increase", and similar terms,
including variations like "may", "could", or "should", or the negative connotation of such terms. While the
Company believes these expectations are reasonable, they are not guarantees and undue reliance
should not be placed on them. Forward-looking Information is based on the Company's current
expectations and assumptions, including: achievement of exploration, production, cost and development
goals; completion and ramp up at Valentine; achieving design capacity at Greenstone and Valentine
operations; accuracy of Mineral Reserve and Mineral Resource estimates; adherence to mine plans and
schedules; expected ore grades and recoveries; absence of labour disruptions or unplanned delays;
productive relationships with workers, unions and communities; maintenance and timely receipt of
permits and regulatory approvals; compliance with environmental and safety regulations; and
constructive engagement with Indigenous and community partners.
While the Company considers these
assumptions reasonable, they may prove incorrect.
Forward-looking Information involves numerous
risks, uncertainties and other factors that may cause actual results and developments to differ materially
from those expressed or implied by such Forward-looking Information. Such factors include those
described in the section "Risk Factors in in the Company's MD&A dated March 13, 2025 for the year
ended December 31, 2024, and in the section titled "Risks Related to the Business" in Equinox Gold's
most recently filed Annual Information Form which is available on SEDAR+ at
www.sedarplus.ca
and on
EDGAR at
www.sec.gov/edgar
and in the section "Risk Factors" in Calibre Mining's MD&A dated
February 19, 2025 for the year ended December 31, 2024 and the section titled "Risk Factors" in
Calibre Mining's most recently filed Annual Information Form which is available on SEDAR+ at
www.sedarplus.ca
. Forward-looking Information reflects management's current expectations for future
events and is subject to change. Except as required by applicable law, the Company assumes no
obligation to update or to publicly announce the results of any change to any Forward-looking Information
contained or incorporated by reference to reflect actual results, future events or developments, changes
in assumptions or other factors affecting Forward-looking Information. If the Company updates any
Forward-looking Information, no inference should be drawn that the Company will make additional
updates with respect to those or other Forward-looking Information. All Forward-looking Information
contained in this news release is expressly qualified by this cautionary statement.
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