Equinox Gold Reports 176,836 Ounces of Gold Production in Q2 2026, Canadian Gold Production Increased 11% Quarter-over-Quarter
Equinox Gold Reports 176,836 Ounces of Gold Production in Q2 2026,
Canadian Gold Production Increased 11% Quarter-over-Quarter
VANCOUVER, British Columbia, July 09, 2026 -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or
the “Company”) is pleased to announce production results for the three months ended June 30, 2026 (“Q2” 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 sequentially higher production at its Canadian
operations with 97,273 ounces (“oz”) of combined gold production from Greenstone and Valentine, contributing to consolidated
quarterly production of 176,836 ounces. Production from our Canadian operations continues to steadily increase with notable
performance indicators highlighting progress in the ramp-up of our two long-life, Canadian mines. The team’s continued focus
on operational execution and optimization is delivering results at both Greenstone and Valentine as we move into what we
expect to be a stronger second half of the year.
“At Greenstone, mining rates averaged more than 199,000 tonnes per day following the winter months, while mill throughput
averaged 26,856 tonnes per day. Importantly, we continue to see a growing number of days operating above nameplate
capacity, with 69% of days exceeding 27,000 tonnes per day compared to 51% in the first quarter. This trend is anticipated to
continue into the second half of the year resulting in expected higher production quarter over quarter for the balance of the
year. At Valentine, the process plant averaged 7,730 tpd, or 113% of nameplate. We expect to see increasing production in
the second half of the year, driven by higher mill feed grades and continued strong plant performance, with Phase 2 mill
expansion early works expected to begin during H2 2026.
“The quarter also marked two important strategic milestones. We announced our proposed business combination with Orla
Mining, which we believe will create a premier North American gold producer with approximately 1.1 million ounces of
expected annual gold production in 2026, a funded pathway to approximately 1.9 million ounces of annual production over
time, and a portfolio of high-quality, long-life assets capable of generating meaningful free cash flow and long-term value for
shareholders.
“We also secured 20-year land access agreements with the three communities that host the multi-million-ounce Los Filos
mine, a significant step towards the unlocking of value of this high-quality long-term growth asset in our portfolio. In addition to
securing long-term land access, we established a new framework governing labour and supply services that reflects a more
disciplined, transparent and sustainable operating model. We have initiated restart planning while advancing technical work to
optimize the operation, including evaluating a rightsized carbon-in-leach development scenario. We believe Los Filos has the
potential to become another high-quality, cornerstone asset within our portfolio and a meaningful contributor to Equinox Gold's
long-term growth.
“As we move into the second half of 2026, our priorities remain clear: continue delivering operational improvements at
Greenstone and Valentine, advance and close the proposed combination with Orla Mining, progress the restart and long-term
development plans for Los Filos, and execute on the organic growth opportunities across our portfolio. We believe these
initiatives position Equinox Gold to continue strengthening its operating performance while creating substantial long-term value
for shareholders.”
Highlights
• Produced 176,836 ounces (“oz”) of gold during Q2 , including 64,656 oz from Greenstone, 32,617 oz from
Valentine, 18,572 oz from Mesquite, 59,476 oz from Nicaragua, and 1,515 oz from Castle Mountain.
• Consolidated year-to-date gold production of 374,464 oz keeping the Company on track to achieve its 2026 gold
production guidance of 700,000 to 800,000 oz.
• Announced a business combination with Orla Mining to create North America’s new senior gold producer with
approximately 1.1 million ounces of expected annual gold production 1 in 2026 anchored by three Canadian gold mines,
and a path toward more than 1.9 million ounces of annual gold production 2 from an internally funded North American
growth pipeline (see May 13, 2026 news release).
• Secured 20-year land access agreements with all three communities at Los Filos and initiated restart activities (see
June 25, 2026 news release).
Q2 2026 Conference Call Details
Equinox Gold will release its unaudited financial and operating results for the three and six months ended June 30, 2026 on
Wednesday, August 5, 2026 after market close. The Company will host a conference call and webcast to discuss the results
on Thursday, August 6, 2026 commencing at 7:00am PT (10:00am ET). The webcast will be available for replay on Equinox
Gold’s website until February 6, 2027.
Conference call
Toll-free in U.S. and Canada: 1-833-752-3366
International callers: +1 647-846-2813
Webcast login
Equinox Gold | Financials
Special Meeting of Shareholders to be held on July 22, 2026
Equinox Gold will hold its Special Meeting of Shareholders (“Meeting”) on Wednesday, July 22, 2026 commencing at 9:00am
PT. At the Meeting, Equinox Gold shareholders will be asked to vote on an ordinary resolution authorizing and approving the
issuance of up to 421,770,377 common shares of Equinox Gold in connection with the proposed acquisition by the Company
of all the outstanding common shares of Orla Mining (TSX: OLA, NYSE-A: ORLA). Under the terms of the agreement, each
Orla share will be exchanged for 1.00 Equinox Gold common share and US$0.0001 in cash. The deadline for voting by
proxy is 9:00 am (Vancouver time) on July 20, 2026.
Meeting materials have been mailed to shareholders (“Meeting Materials”) and can also be downloaded at
www.equinoxgold.com/shareholder-events and from Equinox Gold’s profile on SEDAR+ and EDGAR (see June 23, 2026 news
release). Upon receipt of the Meeting Materials, which contain personalized voting information, shareholders can vote their
shares online, by telephone or by mail, or can attend the Meeting and vote in person. Shareholders who cannot attend in
person are invited to join an online webcast; however, the webcast is being provided for viewing purposes only. There will be
no ability to vote via the webcast.
Attend in Person
Suite 3500, 1133 Melville Street, Vancouver, BC
Attend Online
Login here
Shareholder Questions & Voting Assistance
Equinox Gold has retained Laurel Hill Advisory Group (“Laurel Hill”) to assist with shareholder communications and proxy
solicitation in connection with the Meeting. If you have any questions before the Meeting about the proposed acquisition,
Equinox Gold, the Meeting Materials or the voting process, please contact Laurel Hill by calling 1-877-452-7184 (North
America toll-free) or 1-416-304-0211 (international), by texting “INFO” to either 1-877-452-7184 or 1-416-304-0211, or by email
About Equinox Gold
Equinox Gold (TSX: EQX, NYSE-A: 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 [email protected].
Equinox Gold Contact
Ryan King
Executive Vice President, Capital Markets
T: 778.998.3700
Qualified Person & Technical Information
The scientific and technical information contained in this news release was approved by Matthew MacPhail, P.Eng., Senior
Vice President Business Planning and Technical Services for Equinox Gold and a “Qualified Person” under National Instrument
43-101.
Cautionary Notes & Forward-looking Information
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 and anticipated production; production and cost guidance; potential future mining
opportunities around Valentine; potential for the Phase 2 expansion at Valentine; higher mill feed grades and stronger plant
performance at Valentine; completion of the combination with Orla, including an approval at the Special Meeting of
Shareholders; anticipated timing and development of Castle Mountain Phase 2; and the potential for a restart of operations at
Los Filos. Forward-looking Information is typically identified by use of words such as “will”, “growth”, “increase”, “expect”,
”achieve”, “anticipate”, “deliver”, “continue” and “progress” 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. 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; ramping up and achieving
design capacity at Valentine and Greenstone; timely execution of Castle Mountain permitting and initiation of Phase 2
construction, including receipt of required approvals and permits and effectiveness of the Fast-41 Program; approval for and
initiation of the Valentine Phase 2 expansion; stable gold prices and input costs; availability of funding, accuracy of Mineral
Reserve and Mineral Resource estimates; successful long-term agreements with Los Filos communities, management of
suspended operations and the potential of restarting operations; adherence to mine plans and schedules, expected ore grades
and recoveries; absence of labour disruptions or unplanned delays; productive relationships with works, union and
communities; maintenance of 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 titled “Risk Factors” in the Company’s MD&A dated February 20, 2026 for the year ended
December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual
Information Form, both of which are available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on
Equinox Gold’s website at www.equinoxgold.com. 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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1. Mid-point of Equinox Gold’s and Orla’s 2026 guidance, on a full-year basis, as further detailed in the Equinox Gold news release dated January 14, 2026 and the Orla news release dated January 20, 2026, respectively.
2. Anticipated production growth comes from completion of the Valentine Phase 2 expansion (Canada) and with Castle Mountain (USA), South Railroad (USA), Los Filos (Mexico) and Camino Rojo underground (Mexico) in production and operating in line with expectations outlined in
current technical reports, which technical reports are available under the respective SEDAR+ profiles of Equinox Gold (in the case of Valentine, Castle Mountain and Los Filos) and Orla (in the case of South Railroad and Camino Rojo).