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Equinox Gold

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Equinox Gold is committed to creating a more inclusive and diverse workforce, particularly through initiatives like the Young Apprentice Program aimed at empowering young women in traditionally male-dominated fields.

Investor website: https://www.equinoxgold.com/

About

Equinox Gold is committed to creating a more inclusive and diverse workforce, particularly through initiatives like the Young Apprentice Program aimed at empowering young women in traditionally male-dominated fields. The company also focuses on sustainable community development, evidenced by projects such as the construction of a new water treatment facility in Aurizona Village, which enhances water access and quality for local residents.

Verified company data

Cash position
$192.0 million
Shares outstanding
1,167.5 M
Fully diluted shares
1,247.5 M
Mineral resource
Greenstone: Reserves: 5,334 Koz @ 0.93 g/t gold; M&I Resources: 2,966 Koz @ 1.71 g/t gold. Nicaragua Operations: Reserves: 1,169 Koz @ 4.01 g/t gold; M&I Resources: 904 Koz @ 2.00 g/t gold. Valentine: Reserves: 2,748 Koz @ 1.66 g/t gold; M&I Resources: 1,169 Koz @ 1.24 g/t gold. Mesquite: not discovered.
Projects
["Greenstone Gold Mine: Producing gold in Ontario, Canada. Greenstone is an open-pit gold mine with underground potential. Ownership: 100%. Location: Ontario, Canada. 2026 Production: 250,000 – 275,000 oz gold. 2026 Costs: $1,900 – $2,000 per oz AISC. Reserves: 5,334 Koz @ 0.93 g/t gold. M&I Resources: 2,966 Koz @ 1.71 g/t gold. Mining and processing: Open-pit / CIL plant. Overview: Greenstone is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada, approximately 275 km northeast of Thunder Bay in Geraldton, Ontario. With the expectation of producing 320,000 ounces of gold annually for the next ten years, Greenstone is a cornerstone asset in Equinox Gold’s portfolio and the Company’s largest mine. On October 27, 2021, Equinox Gold announced groundbreaking for full-scale construction of the Greenstone Mine, with first gold pour targeted for the first half of 2024. Construction was advanced in a 60/40 joint venture between Equinox Gold (60%) and Orion Mine Finance (40%), and was effectively complete at the end of 2023. Commissioning began in January 2024. On May 13, 2024, Equinox Gold acquired Orion’s 40% interest to consolidate 100% ownership of the mine, on May 22, 2024 the Greenstone Mine poured first gold, and on November 6, 2024 the Greenstone Mine announced commercial production. The Greenstone team has constructed a 27,000 tonnes-per-day (“tpd”) leach/carbon-in-pulp processing facility with recoveries expected to average ~87%. Opportunities: There are a number of opportunities at Greenstone to both extend the mine life and potentially increase annual production: Potential mill throughput increase toward 30,000 tpd; Conversion of underground and satellite Mineral Resources to Mineral Reserves; Mine life extension and/or annual production increase from higher-grade underground Mineral Resources not included in current mine plan; Mine life extension from existing deposits potentially within trucking distance of the mine (Kailey, Key Lake and Brookbank); Exploration potential from three past-producing mines on the property with historical production of more than 1 Moz at grades greater than 10 g/t gold that have had no modern exploration.","Nicaragua Operations: Hub-and-spoke gold operation in Nicaragua. Ownership: 100%. Location: Nicaragua. 2026 Production: 225,000 – 250,000 oz gold. 2026 Costs: $2,000 – $2,100 per oz AISC. Mineral Reserves: 1,169 Koz @ 4.01 g/t gold. M&I Resources: 904 Koz @ 2.00 g/t gold. Mining: Open-pit and underground. Processing: Two CIL plants with 2.7 Mtpa capacity. Overview: Ore mined from multiple open pits and underground mines at Equinox Gold’s Nicaragua Operations is processed at either the El Limon or Libertad mills, which together have 2.7 million tonnes per annum of installed processing capacity. Libertad: The Libertad Mine and Mill is located approximately 110 km east of the capital of Managua and operates as a key processing hub in Equinox Gold’s hub-and-spoke strategy in Nicaragua. Currently the mill is fed by ore trucked from the Limon, Pavon and Eastern Borosi gold mines, as well as ore mined near the mill at the Jabali underground mine. El Limon: The Limon Mine & Mill is located in western Nicaragua. The exploitation permit covers 12,000 hectares and includes the Limon Central open pit and the Santa Pancha, Panteon, and Veta Nueva underground mines.","Valentine Gold Mine: Atlantic Canada’s next major gold mine. Ownership: 100%. Location: Newfoundland and Labrador, Canada. 2026 Production: 140,000 – 150,000 oz gold. 2026 Costs: $2,000 – $2,200 per oz AISC. Reserves: 2,748 Koz @ 1.66 g/t gold. M&I Resources: 1,169 Koz @ 1.24 g/t gold. Mining and processing: Open-pit / CIL plant. Overview: The Valentine Gold Mine is located in central Newfoundland and Labrador, one of the world’s top mining jurisdictions. When operating at capacity, Valentine will be the largest gold mine in Atlantic Canada and a significant economic driver for the province. The project spans a 32-km mineralized trend with multiple deposits and strong exploration upside. Equinox Gold has completed extensive drilling on a new discovery along trend from existing reserves – the Frank Zone – that has the potential to be developed into a fourth open pit. In addition, the new Minotaur Zone discovery, 8 km north of the Valentine mill, demonstrates the district-scale potential of this property.","Mesquite Gold Mine: Producing gold in California, USA. Ownership: 100%. Location: California, USA. 2026 Production: 70,000 – 80,000 oz gold. 2026 Costs: $2,500 – $2,600 per oz AISC. Mining and processing: Open-pit / heap leach. Overview: Mesquite is an open pit, run-of-mine heap leach gold mine located in Imperial County, California, USA, approximately 200 miles south of our Castle Mountain Mine, 16 miles west of the state border with Arizona and 24 miles north of the border with Mexico. Mesquite has produced more than five million ounces of gold since it commenced operations in 1986. Mesquite was Equinox Gold’s first operating mine. The Company acquired Mesquite in October 2018, immediately transforming Equinox Gold from a developer to a gold producer. Since then, strong gold prices and exploration success have significantly extended the mine life, bringing consistent cash flow to the Company and substantial value to Equinox Gold shareholders. Mesquite produced 85,970 ounces of gold in 2025 at AISC of $1,885/oz. In 2026 Mesquite is expected to produce 70,000 to 80,000 ounces of gold at cash costs of $1,800 to $1,900/oz and AISC of $2,500 to $2,600/oz."]
Leadership
Ross Beaty (Chairman), Maryse Bélanger (Director), Lenard Boggio (Lead Director), François Bellemare (Director, Senior Vice President at Mubadala Investment Company with extensive experience in the mining sector, including deal origination and execution.), Gordon Campbell (Director), Gen. Wesley Clark (Director), Dr. Sally Eyre (Director), Marshall Koval (Director), Christian Milau (Director)

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