Equinox Gold Delivers First Gold at its Valentine Gold Mine in Newfoundland and Labrador, Canada
Equinox Gold (NYSE:EQX) has achieved a significant milestone with its first gold pour at the Valentine Gold Mine in Newfoundland and Labrador, Canada, on September 14, 2025. The mine's commissioning is exceeding expectations, with mill throughput reaching 47% of nameplate capacity in the first 15 days.
Valentine is projected to become Equinox Gold's second-largest mine and the largest gold mine in Atlantic Canada, with an expected annual production of 175,000 to 200,000 ounces of gold for the first 12 years. The operation is set to reach its full nameplate capacity of 2.5 million tonnes per year in Q2 2026, with potential for expansion and extended mine life through ongoing exploration efforts.
Equinox Gold (NYSE:EQX) ha raggiunto una tappa significativa con la sua prima fusione d'oro presso la miniera Valentine Gold a Newfoundland e Labrador, Canada, il 14 settembre 2025. La messa in servizio della miniera sta superando le aspettative, con la portata del mulino che raggiunge il 47% della capacità nominale nei primi 15 giorni.
Valentine dovrebbe diventare la seconda miniera di Equinox Gold e la più grande miniera d'oro dell'Atlantico canadese, con una produzione annua prevista di 175.000–200.000 once d'oro nei primi 12 anni. L'operazione è prevista per raggiungere la piena capacità nominale di 2,5 milioni di tonnellate all'anno nel secondo trimestre del 2026, con potenziale di espansione e di prolungamento della vita della miniera grazie agli sforzi di esplorazione in corso.
Equinox Gold (NYSE:EQX) ha alcanzado un hito significativo con su primera fundición de oro en la Mina Valentine, en Newfoundland y Labrador, Canadá, el 14 de septiembre de 2025. La puesta en marcha de la mina está superando las expectativas, con la capacidad de procesamiento del molino alcanzando el 47% de la capacidad nominal en los primeros 15 días.
Valentine se proyecta como la segunda mina de Equinox Gold y la mayor mina de oro en Atlantic Canada, con una producción anual prevista de 175.000–200.000 onzas de oro durante los primeros 12 años. La operación está programada para alcanzar su plena capacidad nominal de 2,5 millones de toneladas por año en el segundo trimestre de 2026, con potencial de expansión y mayor vida de la mina a través de esfuerzos continuos de exploración.
Equinox Gold (NYSE:EQX)는 캐나다 뉴펀들랜드와 래브라도의 Valentine Gold 광산에서 2025년 9월 14일에 첫 금 생산을 달성하는 중요한 이정표를 세웠습니다. 광산의 가동은 기대를 뛰어넘고 있으며 초기 15일 동안 제련 공정의 처리량이 명판 용량의 47%에 도달했습니다.
발렌타인은 Equinox Gold의 두 번째로 큰 광산이자 대서양 캐나다에서 가장 큰 금광이 될 것으로 예측되며, 처음 12년 동안 연간 생산량이 175,000–200,000온스의 금을 예상합니다. 이 광산은 2026년 2분기에 연간 250만 톤의 정식 용량에 도달할 예정이며, 진행 중인 탐사를 통해 확장 가능성과 광산 수명 연장 가능성이 있습니다.
Equinox Gold (NYSE:EQX) a franchi une étape importante avec sa première coulée d’or à la mine Valentine, à Terre-Neuve-et-Labrador, au Canada, le 14 septembre 2025. La mise en service de la mine dépasse les attentes, le débit du moulin atteignant 47% de la capacité nominale dans les 15 premiers jours.
Valentine devrait devenir la deuxième plus grande mine d'Equinox Gold et la plus grande mine d’or d’Atlantique au Canada, avec une production annuelle prévue de 175 000 à 200 000 onces d’or pour les premiers 12 ans. L'exploitation est prête à atteindre sa capacité nominale complète de 2,5 millions de tonnes par an au deuxième trimestre de 2026, avec un potentiel d'expansion et une prolongation de la vie de la mine grâce aux efforts d'exploration en cours.
Equinox Gold (NYSE:EQX) hat einen bedeutenden Meilenstein erreicht: Die erste Goldguss/Goldwäschee? an der Valentine Gold-Mine in Newfoundland und Labrador, Kanada, am 14. September 2025. Die Inbetriebnahme der Mine übertrifft die Erwartungen, mit einem Mühlen-Durchsatz von 47% der Nennkapazität in den ersten 15 Tagen.
Valentine wird voraussichtlich zur zweitgrößten Mine von Equinox Gold und zur größten Goldmine in Atlantik-Kanada, mit einer voraussichtlichen Jahresproduktion von 175.000 bis 200.000 Unzen Gold in den ersten 12 Jahren. Die Anlage wird voraussichtlich im zweiten Quartal 2026 ihre volle Nennkapazität von 2,5 Millionen Tonnen pro Jahr erreichen, mit Potenzial für Erweiterungen und eine längere Lebensdauer der Mine durch laufende Explorationsbemühungen.
Equinox Gold (NYSE:EQX) حققت خطوة مهمة بابتداء صهر الذهب الأول في منجم فالنتين للذهب في نيوفاوندلاند ولابرادور، كندا، بتاريخ 14 سبتمبر 2025. تشغيل المنجم يتجاوز التوقعات، حيث بلغ معدل معالجة المطحنة 47% من الطاقة الاسمية في أول 15 يومًا.
من المتوقع أن يصبح فالنتين ثاني أكبر منجم لشركة Equinox Gold وأكبر منجم ذهب في كندا الأطلسية، مع إنتاج سنوي متوقع يتراوح بين 175,000 إلى 200,000 أوقية من الذهب خلال أول 12 عامًا. من المقرر أن يصل التشغيل إلى طاقته الاسمية الكاملة البالغة 2.5 مليون طن في السنة في الربع الثاني من 2026، مع إمكانية التوسع وامتداد عمر المنجم من خلال جهود الاستكشاف الجارية.
Equinox Gold (NYSE:EQX) 已在加拿大纽芬兰与拉布拉多省的 Valentine Gold Mine 实现首铸金的里程碑，日期为2025年9月14日。矿山的投产正在超出预期，磨机吞吐量在前15天达到名义产能的47%。
Valentine 预计将成为 Equinox Gold 的第二大矿山，也是大西洋加拿大最大的金矿，前12年预计年产量为17.5万至20万盎司金。该运营预计将在2026年第二季度达到其全名义产能每年250万吨，并有通过持续勘探工作进行扩张和延长矿寿命的潜力。
- First gold pour achieved ahead of schedule
- Mill throughput already at 47% of nameplate capacity in first 15 days
- Projected production of 175,000-200,000 ounces annually for 12 years
- Opportunities identified for production increase and mine life extension
- Set to become second largest producer of Canadian gold
- Full nameplate capacity won't be reached until Q2 2026
- Limited mine life of 14 years based on current reserves
Insights
Equinox Gold achieves first gold at Valentine mine ahead of schedule, positioning for significant production growth as second-largest Canadian gold producer.
Equinox Gold has successfully poured first gold at its Valentine Gold Mine in Newfoundland and Labrador, marking a crucial operational milestone that came earlier than anticipated. The commissioning process has demonstrated impressive early results, with mill throughput already reaching 47% of nameplate capacity in just the first 15 days of operation.
This achievement positions Valentine to reach its full nameplate capacity of 2.5 million tonnes per year by Q2 2026. Once fully operational, Valentine is expected to produce between
The successful commissioning of Valentine represents a transformative development for Equinox Gold's production profile. With both Valentine and Greenstone mines now in the ramp-up phase, Equinox is positioned to become the second-largest producer of Canadian gold. This production growth comes with significant operating leverage at a time when gold prices remain historically strong.
Beyond the current production plan, management has identified multiple avenues for growth at Valentine, including a Phase 2 expansion to increase plant throughput and exploration potential at several new discoveries on the property. These initiatives could potentially enhance both production volume and extend mine life beyond the current 14-year reserve plan.
This milestone represents the culmination of Equinox's development strategy, transitioning the company from a development-stage miner to a multi-asset producer with significant scale and operational diversification across secure mining jurisdictions.
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce the first gold pour at its Valentine Gold Mine ("Valentine") located in Newfoundland and Labrador, Canada.
Darren Hall, Chief Executive Officer of Equinox Gold, commented: "Commissioning of the Valentine process plant is progressing extremely well, with mill throughput averaging
"First gold at Valentine reflects the vision, determination and teamwork of many people who advanced this mine from concept to reality. I extend my congratulations to Jason Cyr and the entire Valentine team for delivering first gold safely and responsibly. Today we celebrate not only this milestone, but also the opportunities and benefits that Valentine will generate for our employees, communities and shareholders for many years to come.
"Commencing production at Valentine marks the beginning of a new chapter for Equinox Gold. With both Valentine and Greenstone now ramping up to capacity, the Company is set to become the second largest producer of Canadian gold."
Once fully operational, Valentine will be Equinox Gold's second-largest mine, the largest gold mine in Atlantic Canada, and a significant contributor to the Newfoundland and Labrador economy. Valentine is a conventional crush-grind carbon-in-leach operation expected to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life1 when operating at design capacity of 2.5 million tonnes per year. Equinox Gold is advancing opportunities to both increase production and extend the mine life, including a Phase 2 expansion to increase plant throughput and exploration potential at numerous new discoveries on the property.
About Equinox Gold
Equinox Gold (TSX: EQX) (NYSE American: 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 ir@equinoxgold.com.
Equinox Gold Contact
Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com
Cautionary Notes & Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation 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 relates to, among other things: the strategic vision for the Company and expectations regarding exploration potential, production capabilities, growth potential, expansion projects and future financial or operating performance, including shareholder returns; expectations for Valentine operations, including achieving design capacity, anticipated production, and the potential to extend the mine life and increase production, including a Phase 2 expansion; expectations for Greenstone operations, including achieving design capacity; and expectations for exploration upside and potential future mining opportunities around Valentine. Forward-looking Information is generally identified using words like "will", "potential", "growth", "increase", "expect", "upside", 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. Although the Company believes that the expectations reflected in such Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since the Company can give no assurance that such expectations will prove to be correct. The Company has based Forward-looking Information on the Company's current expectations and projections about future events and these assumptions include: The ramp-ups at Valentine and Greenstone being completed and performed in accordance with current expectations; the results of exploration programs being consistent with expectations; Equinox Gold's ability to achieve the production, cost and development expectations for its respective operations and projects, including Valentine and Greenstone; prices for gold remaining as estimated; availability of funds for the Company's projects and future cash requirements; the Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; no unexpected geological formations or environmental hazards are encountered; tonnage of ore to be mined and processed and ore grades and recoveries remaining consistent with mine plans; and the ability of the Company to work productively with its Indigenous partners at Greenstone. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.
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 "Risk Factors in in the Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section titled "Risks Related to the Business" in Equinox Gold's most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar and in the section "Risk Factors" in Calibre Mining's MD&A dated February 19, 2025 for the year ended December 31, 2024 and the section titled "Risk Factors" in Calibre Mining's most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca. 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.
Footnotes
1. Refer to the "Valentine Gold Project NI 43-101 Technical Report and Feasibility Study" dated November 30, 2022, found on the Equinox Gold website at www.equinoxgold.com/operating-mines.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266379
FAQ
When did Equinox Gold (EQX) achieve first gold pour at Valentine Gold Mine?
What is the expected annual gold production at EQX's Valentine Gold Mine?
What is the processing capacity of EQX's Valentine Gold Mine?
How is the Valentine Gold Mine commissioning progressing?
What type of mining operation is the Valentine Gold Mine?
