Equinox Gold Announces Senior Leadership Transition
Equinox Gold Announces Senior Leadership
Transition
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) -
Equinox Gold Corp. (TSX: EQX)
(NYSE American: EQX)
("Equinox Gold" or the "Company") announces a leadership transition. Greg
Smith has stepped down as Chief Executive Officer and Director, and Darren Hall, current President and
Chief Operating Officer, has been appointed Chief Executive Officer and Director effective immediately.
Darren is a proven executive with a long history of mining industry experience who previously served as
Calibre Mining's President & Chief Executive Officer from 2021 through to the transaction with Equinox
Gold. Concurrent with this transition, David Schummer, formerly Executive Vice President, Operations,
has been appointed Chief Operating Officer of Equinox Gold.
Ross Beaty, Chair of Equinox Gold, commented: "Greg is a founding executive and shareholder of
Equinox Gold whose leadership and strategic vision have been instrumental in growing the Company
from concept into the multi-asset, multi-billion-dollar gold producer it is today. I want to sincerely thank
Greg personally, and on behalf of the Board of Directors, for his vision, dedication, and leadership."
Greg Smith stated: "This is a natural transition point. I'm extremely proud of what we have accomplished
since founding Equinox Gold in 2017, having built the Company into a leading gold producer with
operations across the Americas and a clear pathway to producing over one million ounces annually. With
the recent successful integration of Calibre Mining and key assets like Greenstone ramping up and
Valentine moving into production, the Company is well positioned to evolve from growth through
acquisition and construction to disciplined execution and operational excellence. It is the right time for a
proven operator like Darren to take the helm. He brings the leadership, focus, and operational expertise
to optimize this expanded portfolio and unlock its full potential. It has been an honour and privilege to
work alongside the talented Equinox Gold team, Ross Beaty, and our board to build this outstanding
Company."
Darren Hall brings 40 years of global mining experience with a consistent track record of operational
excellence and value creation. As President and Chief Executive Officer of Calibre Mining, he
significantly increased production, lowered costs, and drove disciplined capital allocation, delivering
strong free cash flow and exceptional shareholder returns. Under his leadership, Calibre transformed
into a high-performing gold producer, culminating in its successful merger with Equinox Gold in June
2025.
Previously, Darren was Chief Operating Officer at both Kirkland Lake Gold and Newmarket Gold and
earlier spent nearly three decades with Newmont Corporation in a series of progressively senior roles.
Across all organizations, he has demonstrated a strong commitment to safety, cost discipline, and long-
term business performance.
Darren Hall, President & Chief Executive Officer, added: "I'm honoured to lead Equinox Gold at such a
pivotal moment in the Company's evolution and I'm excited to work alongside our talented team to unlock
the full potential of Equinox Gold's exceptional portfolio. Our focus will be on disciplined execution,
operational excellence, and delivering consistent, reliable performance as we enter this next phase of
growth and optimization, building on the solid foundations Greg and his team have established. This
leadership transition marks Equinox Gold's evolution from a high-growth consolidator to a top-tier global
gold producer, anchored by Greenstone and Valentine, both high-quality, long-life assets."
David Schummer has over 35 years of mining industry experience working in the U.S., Canada, Peru,
Indonesia, West Africa and the Middle East. He is a proven executive leader of large-scale mining
companies focused on building a strong health and safety culture and value creation through mining
efficiencies. Prior to joining Calibre as COO, David was the COO for Perseus Mining, and prior to that
he was the President of Ma'aden Gold and Base Metals (MGBM) and was the Chairman of the Board for
both MGBM and Ma'aden Barrick Copper Company. David previously held the role of Executive Vice
President & COO at New Gold Inc. and also spent 22 years at Newmont Corporation.
Equinox Gold Contact
Ryan King
Senior Vice President, Capital Markets and Strategy
T: +1 778.998.3700
E:
E:
Cautionary Notes
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation ("Forward-looking Information"). Forward-looking
Information in this news release relates to, among other things: the strategic vision for the Company
and expectations regarding production capabilities, growth potential, and future financial or operating
performance, including the ramp-up of
Greenstone and the transition of Valentine to production;
management's ability to deliver long-term value for shareholders; and expectations for future success
of the Company's management team. Forward-looking Information is generally identified using words
like "will", "potential", "deliver", "grow", and similar expressions and phrases or statements that certain
actions, events or results "may", "could", or "should", or the negative connotation of such terms, are
intended to identify Forward-looking Information. Although the Company believes that the
expectations reflected in such Forward-looking Information are reasonable, undue reliance should not
be placed on Forward-looking Information since the Company can give no assurance that such
expectations will prove to be correct. The Company has based Forward-looking Information on the
Company's current expectations and projections about future events and these assumptions include:
Equinox Gold's ability to achieve the production, cost and development expectations for its respective
operations and projects; prices for gold remaining as estimated; availability of funds for the
Company's projects and future cash requirements; ramp-ups at Greenstone and Valentine being
completed and performed in accordance with current expectations. While the Company considers
these assumptions to be reasonable based on information currently available, they may prove to be
incorrect. Accordingly, readers are cautioned not to put undue reliance on Forward-looking
Information contained in this news release.
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 titled "Risk Factors" in Calibre'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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https://www.newsfilecorp.com/release/259587