Equinox Gold Delivers First Gold at its Valentine Gold Mine in Newfoundland and
Equinox Gold Delivers First Gold at its
Valentine Gold Mine in Newfoundland and
Labrador, Canada
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2025) -
Equinox Gold Corp.
(TSX:
EQX) (NYSE American: EQX)
("Equinox Gold" or the "Company") is pleased to announce the first gold
pour at its Valentine Gold Mine ("Valentine") located in Newfoundland and Labrador, Canada.
Darren Hall, Chief Executive Officer of Equinox Gold, commented:
"Commissioning of the
Valentine process plant is progressing extremely well, with mill throughput averaging 47% of nameplate
for the first 15 days of operation, resulting in first gold being poured earlier than expected, on September
14, 2025. I am very pleased with commissioning progress, which positions Valentine to ramp-up to its
nameplate capacity of 2.5 million tonnes per year in Q2 2026.
"First gold at Valentine reflects the vision, determination and teamwork of many people who advanced
this mine from concept to reality. I extend my congratulations to Jason Cyr and the entire Valentine team
for delivering first gold safely and responsibly. Today we celebrate not only this milestone, but also the
opportunities and benefits that Valentine will generate for our employees, communities and shareholders
for many years to come.
"Commencing production at Valentine marks the beginning of a new chapter for Equinox Gold. With both
Valentine and Greenstone now ramping up to capacity, the Company is set to become the second
largest producer of Canadian gold."
Once fully operational, Valentine will be Equinox Gold's second-largest mine, the largest gold mine in
Atlantic Canada, and a significant contributor to the Newfoundland and Labrador economy. Valentine is
a conventional crush-grind carbon-in-leach operation expected to produce between 175,000 and
200,000 ounces of gold annually for the first 12 years of its 14-year reserve life
1
when operating at
design capacity of 2.5 million tonnes per year. Equinox Gold is advancing opportunities to both increase
production and extend the mine life, including a Phase 2 expansion to increase plant throughput and
exploration potential at numerous new discoveries on the property.
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
EVP Capital Markets
T: 778.998.3700
E:
E:
Cautionary Notes & Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation 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 relates to, among other
things: the strategic vision for the Company and expectations regarding exploration potential,
production capabilities, growth potential, expansion projects and future financial or operating
performance, including shareholder returns;
expectations for Valentine operations, including
achieving design capacity, anticipated production, and the potential to extend the mine life and
increase production, including a Phase 2 expansion; expectations for Greenstone operations,
including achieving design capacity; and expectations for exploration upside and potential future
mining opportunities around Valentine. Forward-looking Information is generally identified using
words like "will", "potential", "growth", "increase", "expect", "upside", 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: The ramp-ups at Valentine and Greenstone being completed
and performed in accordance with current expectations; the results of exploration programs being
consistent with expectations; Equinox Gold's ability to achieve the production, cost and development
expectations for its respective operations and projects, including Valentine and Greenstone; prices for
gold remaining as estimated; availability of funds for the Company's projects and future cash
requirements; the Company's ability to obtain all necessary permits, licenses and regulatory
approvals in a timely manner or at all; no unexpected geological formations or environmental hazards
are encountered; tonnage of ore to be mined and processed and ore grades and recoveries
remaining consistent with mine plans; and the ability of the Company to work productively with its
Indigenous partners at Greenstone. 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 the forward-looking statements or 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 "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.
Footnotes
1. Refer to the "Valentine Gold Project NI 43-101 Technical Report and Feasibility Study" dated November 30, 2022, found on the Equinox Gold
website at
www.equinoxgold.com/operating-mines
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/266379