Key facts
| Company | Equinox Gold (TSX: EQX) |
|---|---|
| Commodity | Gold |
| Location | Newfoundland, Canada |
| Stage | Production |
Mineral resource estimates
4 reported estimates, newest first. Categories are as disclosed by Equinox Gold; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Au g/t | Au oz | Effective |
|---|---|---|---|---|
| Proven reserveNI 43-101 | 23.4 Mt | 1.89 g/t | 1.40 Moz | Nov 30, 2022 |
| Probable reserveNI 43-101 | 28.2 Mt | 1.40 g/t | 1.30 Moz | Nov 30, 2022 |
| Measured & indicatedNI 43-101 | 64.6 Mt | 1.90 g/t | 3.96 Moz | Nov 30, 2022 |
| InferredNI 43-101 | 20.8 Mt | 1.65 g/t | 1.10 Moz | Nov 30, 2022 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Feasibility study
Nov 30, 2022- NPV (5%)
- US$648M
- IRR
- 22.4%
- Payback
- 2.8 years
- Initial capex
- US$463M
- AISC
- US$1,046/oz
- Mine life
- 14.3 years
- Annual production
- 179,000 oz
- Gold price assumed
- US$1,700/oz
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.
News releases5 on file
Equinox Gold Reports Continued Exploration Success Along the Musselwhite Mine Trend and Advances New Minotaur Discovery at Valentine
Drilling at the Musselwhite mine in Ontario returned 22.9 m at 10.00 g/t gold and 20.5 m at 7.31 g/t gold along a mine trend extension confirmed up to two kilometres beyond current operations, while Valentine in Newfoundland & Labrador returned 99.4 m at 0.98 g/t gold at the Frank Zone and 27.3 m at 2.11 g/t gold at the new Minotaur discovery. Greenstone drilling began in August, with assays pendi
Drill resultsEquinox Gold Announces Significant New AI-Supported Gold Discovery 8 km from Valentine Mill and Additional High-Grade Gold Mineralization Outside of Resources at The Valentine Gold Mine, Canada
2025 diamond drilling at the Valentine Gold Mine in Newfoundland & Labrador confirmed a new gold discovery, the Minotaur Zone, 8 km northwest of the mill, with intercepts including 2.68 g/t gold over 32 m and 5.74 g/t over 8 m, defined over a 700-metre strike length and open in all directions. Drilling at the Frank Zone, outside current resources, returned 22.10 g/t over 6.30 m, 3.12 g/t over 63.9
Drill resultsEquinox Gold Achieves Commercial Production at Valentine Gold Mine, Driving Canadian Gold Production Growth into 2026
Commercial production has been achieved at the 100%-owned Valentine Gold Mine in Newfoundland & Labrador, Canada. Over the last 60 days the process plant averaged 5,451 tpd, or 80% of the 6,850 tpd nameplate capacity, with gold recovery averaging over 93% on commissioning feed grading 1.2 g/t gold. Valentine is expected to deliver into the higher end of its Q4 range of 15,000 to 30,000 ounces, rea
CorporateEquinox Gold Delivers First Gold at its Valentine Gold Mine in Newfoundland and Labrador, Canada
The first gold pour at the Valentine Gold Mine in Newfoundland and Labrador, Canada occurred on September 14, 2025, earlier than expected, with mill throughput averaging 47% of nameplate over the first 15 days of operation. Valentine is expected to ramp up to its nameplate capacity of 2.5 million tonnes per year in Q2 2026. The crush-grind carbon-in-leach operation is expected to produce 175,000 t
CorporateEquinox Gold Advances Canadian Operations with First Ore Processed at the Valentine Gold Mine and Leadership Additions at the Greenstone Gold Mine
Ore processing has begun through the 2.5-million-tonne-per-annum plant at the Valentine Gold Mine in Newfoundland & Labrador, with first gold pour expected within the next month and ramp-up to nameplate capacity during Q2 2026, targeting 175,000 to 200,000 ounces annually for the first 12 years of a 14-year reserve life. At Greenstone in Ontario, Bryan Wilson was appointed Vice President of Operat
Corporate