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Equinox Gold Reports Q3 Production Results Following Transformational Combination with Orla; Expanded Canadian Production Platform Positioned for Strong Finish to 2026

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Equinox Gold Reports Q3 Production Results Following Transformational Combination with Orla; Expanded Canadian Production Platform Positioned for Strong Finish to 2026

Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) is pleased to announce production results for the three months ended September 30, 2026. During the quarter, the Company completed its business combination with Orla Mining Ltd. on July 31, 2026, creating a new senior North American gold producer with an enhanced Canadian footprint. As a result, Q3 production results include two months of attributable production from Musselwhite (Canada) and Camino Rojo (Mexico) following the closing of the transaction. All dollar figures are in United States dollars unless otherwise noted.

 

Third Quarter 2026 Highlights

  • Gold production of 237,019 ounces and gold sales of 248,484 oz.
  • Consolidated year-to-date gold production of 611,483 oz. The Company remains on track to achieve its updated 2026 gold production guidance of 870,000 to 920,000 oz, or approximately 1.1 million oz when including Orla’s full 12-month production contribution.
  • Advancing Next Growth Project in Nevada: Received Record of Decision, final federal permits, for the South Railroad project in Nevada, USA, and subsequently commenced early works construction activities. South Railroad represents a key growth project for the Company with first gold production planned for 2028.
  • Strengthening Balance Sheet: During the quarter, the Company repaid $190 million in debt, resulting in $365 million drawn and outstanding on its revolving credit facility at the end of the quarter. Year-to-date, the Company has made approximately $1.2 billion in debt repayments.
  • $172.5 million related to the 2023 convertible notes will be redeemed on or before October 19, 2026 (refer to the September 21, 2026 news release).
  • Funded for Growth: The Company ended the quarter with $527 million in cash and a net cash position of $163 million1. Total available liquidity is $1.2 billion1.
  • Continued Return of Capital: During the quarter, the Company repurchased 759,000 shares at a cost of approximately $9.0 million under its normal course issuer bid. Year-to-date, as of October 9, 2026, the Company has repurchased 1,697,600 shares for a total cost of approximately $20.7 million. The Company expects to continue to opportunistically repurchase shares during the fourth quarter.

Jason Simpson, President of Equinox Gold, commented: “The third quarter was transformational. We completed our combination with Orla, bringing together a portfolio of assets positioned to generate significant free cash flow and long-term value for shareholders. Equinox Gold is now an emerging senior gold producer anchored by three high-quality, long-life mines in Canada, with a standout pipeline of organic growth projects we expect to fund internally.”

“Our combined Canadian operations delivered solid production in Q3, led by strong performance at Musselwhite and steady improvements at Valentine and Greenstone. At Valentine, our mining initiatives are working: Q3 mill feed grade averaged over 1.8 g/t, another incremental step-up. Both Valentine and Greenstone are positioned for stronger production through the remainder of 2026 and into 2027.”

On July 31, 2026, Equinox completed the transaction with Orla. As a result, figures in the tables below for Musselwhite and Camino Rojo represent operational results from August 1 to September 30, 2026.

Third Quarter 2026 Operational Results

Gold Production
(oz)
Gold Sales
(oz)
Ore Processed
(tonnes)
Processed Grade
(g/t)
Greenstone 60,596 60,616 2,178,706 1.03
Musselwhite1 (Aug – Sep) 45,616 52,676 248,498 6.15
Valentine 34,719 36,773 640,448 1.82
Nicaragua 58,489 58,422 632,492 3.09
Camino Rojo1 (Aug – Sep) 18,975 21,492 1,152,771 0.87
Mesquite 17,116 17,107 2,180,873 0.43
Others2 1,508 1,398 n.a. n.a.
Total Consolidated 237,019 248,484 n.a. n.a.

1 Includes production and sales from August and September only following the closing of the transaction with Orla on July 31, 2026. Full quarter production for Musselwhite and Camino Rojo was 63,090 oz and 26,168 oz, respectively.
2 “Others” represents residual leaching gold production at Castle Mountain.

 


2026 Year to Date Operational Results

Gold Production
(oz)
Gold Sales
(oz)
Ore Processed
(tonnes)
Processed Grade
(g/t)
Greenstone 185,589 186,475 6,831,549 1.06
Musselwhite1 (Aug – Sep) 45,616 52,676 248,498 6.15
Valentine 94,400 96,748 1,901,147 1.64
Nicaragua 199,246 198,983 1,844,819 3.31
Camino Rojo1 (Aug – Sep) 18,975 21,492 1,152,771 0.87
Mesquite 48,861 48,822 7,736,474 0.35
Others2 18,796 20,469 n.a. n.a.
Total Consolidated 611,483 625,664 n.a. n.a.

1 Includes production and sales from August and September only following the closing of the transaction with Orla on July 31, 2026. Year-to-date (nine-month) production for Musselwhite and Camino Rojo are 193,152 oz and 65,351 oz respectively.
2 “Others” includes 13,473 oz of gold production from the Brazil operations (discontinued operations), and 5,322 oz of residual leaching gold production at Castle Mountain.

Q3 2026 Conference Call Details
Equinox Gold will release its unaudited financial and operating results for the three and nine months ended September 30, 2026 on Monday, November 9, 2026 after market close. The Company will host a conference call and webcast to discuss the results on Tuesday, November 10, 2026 commencing at 7:00am PT (10:00am ET).

Conference call
Toll-free in North America: 1-833-461-5787
International callers: +1 585-542-9983
Conference ID: 442 270 292

Webcast login
Equinox Gold | Financials


Qualified Person & Technical Information
The scientific and technical information contained in this news release was approved by Andrew Cormier, Chief Operating Officer for Equinox Gold and a “Qualified Person” under National Instrument 43-101.

About Equinox Gold
Equinox Gold (TSX: EQX) (NYSE-A: EQX) is a Canadian mining company positioned as the new North American senior gold producer 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. 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 exposure to a diversified portfolio of gold operations, and clear path to growth. Learn more at www.equinoxgold.com or contact ir@equinoxgold.com.

Equinox Gold Contacts
Etienne Morin, Chief Capital Markets Officer
Ingrid Rico, SVP Capital Markets

E: ir@equinoxgold.com
T: +1 604.260.0516

________________________________
1 Net Cash excludes in-the-money 2023 convertible notes that will be redeemed on or before October 19, 2026. Available liquidity calculated as $527 million of cash plus $635 million of undrawn debt on the revolving credit facility at September 30, 2026.

Posted October 13, 2026

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