Equinox Gold(TSXV:EQX)

Equinox Gold was formed in December 2017 through the merger of Trek Mining, Newcastle Gold, and Anfield Gold.

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

About

Equinox Gold was formed in December 2017 through the merger of Trek Mining, Newcastle Gold, and Anfield Gold. The company focuses on creating a senior North American gold producer with increased scale, high-quality long-life assets, and a strong organic growth pipeline. It operates two Canadian mines and has additional production in the USA and Nicaragua, with plans for expansion projects.

Verified company data

Cash position
$192.0 million
Shares outstanding
789.1 M
Fully diluted shares
834.2 M
Mineral resource
Equinox Gold has one of the largest Mineral Reserve and Mineral Resource endowments of its peer group. Greenstone Mine Reserve and Resource Estimates – Effective Date August 8, 2019 – Shown on 100% Basis: Proven: 5,623 kt, 1.28 g/t, 232 koz; Probable: 129,700 kt, 1.27 g/t, 5,307 koz; Total Proven & Probable: 135,323 kt, 1.27 g/t, 5,539 koz; Measured Resources: 5,700 kt, 1.30 g/t, 237 koz; Indicated Resources: 141,800 kt, 1.51 g/t, 6,868 koz; Total Measured & Indicated Resources: 147,500 kt, 1.50 g/t, 7,105 koz; Inferred: 25,500 kt, 3.78 g/t, 3,095 koz. Notes: Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on May 10, 2014, were followed when calculating Mineral Reserves. Mineral Reserves are estimated at a cut-off grade of 0.35 g gold/t, a long-term gold price of $1,250/oz and an exchange rate of C$/US$ of 1.30. A minimum mining width of 5 m was used. Bulk density of ore is variable but averages 2.78 t/m3. The average strip ratio is 5.10:1. Dilution factor is 17.2%. Mineral Resources are inclusive of Mineral Reserves. Resources were compiled using a cut-off grade of 0.30 g/t gold for in-pit and 2.0 g/t gold for underground. A minimum true thickness of 3.0 m was applied during wireframing, using the grade of the adjacent material when assayed or a value of zero when not assayed. Resources were estimated using GEOVIA GEMS™ 6.8.2 software from drill hole and surface channel sampling, using a 3-pass ID3 interpolation method in a block model (block size = 10 x 5 x 10 m). Whittle parameters (all amounts in Canadian dollars): reference mining cost $1.98 per tonne, incremental bench cost ($/10 m bench) $0.033, milling cost $7.54/t, NSR royalty 4.4%, G&A $1.59/t, sustaining capital $0.70/t, gold price $1,625/oz, milling recovery 91.1%. Mineral resources are not reserves and do not have demonstrated economic viability. Numbers may not sum due to rounding.
Projects
["Greenstone Mine: Located in Ontario, Canada, Greenstone Mine is developed as a 60/40 partnership by Equinox Gold and Orion Mine Finance Group. It will be one of the largest gold mines in Canada, producing more than 400,000 ounces of gold annually for the first five years and more than five million ounces of gold over its initial 14-year mine life. Highlights include 5.05 million ounces life-of-mine gold production, 5.54 million ounces of Proven and Probable Mineral Reserves grading 1.27 grams per tonne gold, and an initial capital cost of $1.23 billion. The project is fully permitted and has Long-term Relationship Agreements in place with five Indigenous groups.","Valentine: Located in Newfoundland and Labrador, Canada. [View Mine](https://www.equinoxgold.com/our-mines/valentine/)","Mesquite: Located in California, USA. [View Mine](https://www.equinoxgold.com/our-mines/mesquite-gold-mine/)","Nicaragua Operations: Located in Nicaragua. [View Mine](https://www.equinoxgold.com/our-mines/libertad-gold-mine/)"]
Leadership
François Bellemare (Board Member, Senior Vice President at Mubadala Investment Company with extensive experience in the mining sector, including deal origination and execution, partnerships, project development, and financing.), Doug Reddy (COO, Former EVP Technical Services at Equinox Gold with over 30 years of experience in operations, projects, exploration, and company building in the mining industry.), Attie Roux (Former COO, Provided leadership during the merger with Leagold and contributed to operational performance during his tenure.)

Verified data last updated: 2026-06-12

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