
Equinox Gold Corp. (TSX: EQX) (NYSE: EQX) is pleased to announce production results for the three months and nine months ended September 30, 2025, along with an update on operations at its two Canadian cornerstone assets: the Valentine Gold Mine in Newfoundland & Labrador and the Greenstone Gold Mine in Ontario.
Darren Hall, CEO of Equinox Gold, commented: “Equinox Gold delivered a solid third quarter, producing a record consolidated 236,470 ounces of gold, reflecting the strength of our expanded portfolio following the merger completed in June. Even after the divestment of our Nevada assets, we remain on track to deliver in the mid-range of our consolidated annual gold production guidance of 785,000 to 915,000 ounces.
“At Greenstone, operational performance improved meaningfully during the quarter. In Q3 mining rates exceeded 185,000 tonnes per day, a 10% increase over Q2 and a 21% increase over Q1. Importantly, mill grades improved 13% in Q3 to 1.05 grams per tonne (“g/t”) gold, with September averaging above 1.3 g/t gold. While we anticipate Greenstone’s full-year production to be at the lower end of guidance of 220,000 to 260,000 ounces, the progress being made in both mining and milling, together with increasing grades, supports our confidence in Greenstone delivering a strong Q4 and continuing that momentum into 2026.
“Valentine delivered first gold ahead of schedule on September 14, with commissioning progressing well since introducing ore into the circuit on August 27. Through September 30, the plant averaged 57% of nameplate capacity, with more than 23% of days exceeding nameplate. As Valentine continues to ramp-up operations, we anticipate producing 15,000 to 30,000 ounces of gold in Q4 and delivering consistent nameplate capacity of 2.5 million tonnes per year by Q2 2026.
“During Q3 we also strengthened our balance sheet, reducing debt by US$139 million. Subsequent to quarter-end, we completed the divestment of Nevada assets for US$115 million. These actions demonstrate our disciplined approach to capital allocation, deleveraging, and focus on unlocking value across our portfolio.
“With Greenstone ramping up, Valentine now producing gold, and our balance sheet stronger, Equinox Gold is well positioned to deliver on 2025 expectations and create additional value for all stakeholders in 2026.”
Highlights
Q3 Greenstone Operational Details
During the quarter, open pit mining totaled 3.8 million ore tonnes at an average grade of 0.91 g/t gold and the mill processed 1.9 million tonnes of ore at an average grade of 1.05 g/t gold. The difference between mined grades and mill feed grades is primarily attributable to timing of stockpile movements.
Qualified Person
The scientific and technical information contained in this news release was approved by David Schonfeldt, P. Geo., VP Mine Geology for Equinox Gold and a “Qualified Person” under National Instrument 43-101.
About Equinox Gold
Equinox Gold 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.
Radisson Mining Resources Inc. (TSX-V: RDS) (OTCQX: RMRDF) is ple... READ MORE
Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) reports gold p... READ MORE
Highlights: High metal extractions with 99% Ni, 98% Co and 90.6% ... READ MORE
Mocoa now hosts three distinct high-grade cores, all open at dept... READ MORE
1911 Gold Corporation (TSX-V: AUMB) (OTCQB: AUMBF) (FRA: 2KY) is ... READ MORE