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Production / Operations

Equinox Gold processes first ore at Valentine

By The Northwire Desk — AI Analysis Aug 28, 2025 · 14:17 EQX · 11.32 Equinox Gold Corp.
EQX · Price

Executive Summary

  • Valentine gold mine has begun processing ore and is on track to pour its first gold within a month, with expected annual production of 175‑200k oz for the next 12 years.
  • New senior appointments at Greenstone (VP Operations) and corporate level (EVP Sustainability, People & Strategy) were announced.
  • Holders of 2020 convertible notes converted them into common shares, fully retiring $139.2 M principal on Aug. 18 2025.

Key Details

  • Valentine processing: 2.5‑million‑tonne‑per‑year crush‑grind‑CIL plant now online; first gold pour expected within one month.
  • Production outlook: 175,000–200,000 oz of gold per year for the first 12 years of a 14‑year reserve life (ramp to nameplate capacity in Q2 2026).
  • Valentine reserves & resources: 2.7 M oz proven & probable reserves at 1.62 g/t Au; 1.3 M oz measured & indicated resources at 1.45 g/t Au; 1.1 M oz inferred resources at 1.65 g/t Au.
  • Exploration highlights (Frank zone):
  • 2.43 g/t Au over 172.8 m ETW
  • 2.12 g/t Au over 95.4 m ETW
  • 3.08 g/t Au over 48.2 m ETW
  • Surface intercept: 97.87 g/t Au over 3.9 m ETW
  • Greenstone leadership additions:
  • Bryan Wilson appointed Vice‑President of Operations (effective Sept. 3, 2026).
  • Roger Souckey hired as Director, External Relations.
  • Daniella Dimitrov promoted to Executive Vice‑President, Sustainability, People & Strategy.
  • Convertible note conversion: 21.4 M common shares issued at $6.50 per share to retire the $139.2 M principal of 2020 convertible notes (conversion completed Aug. 18 2025).

Notable Quotes

“I am pleased to announce that our Valentine gold mine has begun processing ore… We expect to pour first gold within the next month… Valentine is expected to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years of its 14‑year reserve life.” – Darren Hall, CEO

“Bryan Wilson brings more than 37 years of experience… we also welcomed Roger Souckey as director, external relations… Daniella Dimitrov adds valuable expertise that will advance our vision of building a top‑quartile gold producer.” – Darren Hall, CEO

Read the original news release →

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