Equinox Gold completes first gold pour at Valentine

Executive Summary

• Equinox Gold completed its first gold pour at the newly commissioned Valentine mine in Newfoundland and Labrador, Canada.
• Mill throughput averaged 47 % of name‑plate capacity during the initial 15 days, with full design capacity (2.5 M t/yr) targeted for Q2 2026.
• The Valentine operation is expected to produce 175,000–200,000 oz of gold per year for its first 12 years and become Equinox’s second‑largest mine.

Key Details

• First gold was poured on September 14, 2025, earlier than the original schedule.
• Initial mill throughput: 47 % of nameplate capacity over the first 15 days of operation.
• Design capacity: 2.5 million tonnes per year, enabling annual production of 175‑200 k oz Au at full ramp.
• Expected reserve life: 14 years, with a primary 12‑year production window at design throughput.
• Valentine will be the largest gold mine in Atlantic Canada and the company’s second‑largest asset once fully operational.
• Phase 2 expansion is being evaluated to increase plant throughput and explore additional discoveries on the property.
• CEO Darren Hall highlighted that with both Valentine and Greenstone ramping up, Equinox is positioned to become the second‑largest gold producer in Canada.

Notable Quotes

“Commissioning of the Valentine process plant is progressing extremely well…first gold being poured earlier than expected…positions Valentine to ramp up to its nameplate capacity of 2.5 million tonnes per year in Q2 2026.” – Darren Hall, CEO

“First gold at Valentine reflects the vision, determination and teamwork of many people who advanced this mine from concept to reality…” – Darren Hall, CEO