Equinox Gold (TSX: EQX) produced 176,836 ounces of gold in the second quarter, with its two Canadian cornerstone mines contributing 97,273 ounces and lifting Canadian output 11% quarter-over-quarter.
Greenstone was the largest single contributor at 64,656 ounces, while Valentine added 32,617 ounces. The Nicaragua operations delivered 59,476 ounces, Mesquite added 18,572 ounces and Castle Mountain rounded out the quarter with 1,515 ounces.
At Greenstone, mining rates averaged more than 199,000 tonnes per day following the winter months, and the mill ran at 26,856 tonnes per day. Days operating above the 27,000-tonne nameplate rose to 69% of the quarter, up from 51% in the first three months.
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Valentine’s process plant averaged 7,730 tonnes per day, equal to 113% of nameplate.
Chief Executive Darren Hall said both Canadian mines are steadily ramping and flagged a “stronger second half of the year,” pointing to higher expected mill feed grades at Valentine and early works on a Phase 2 mill expansion due to begin in the back half of 2026.
Year-to-date production stands at 374,464 ounces, keeping the company on course for full-year 2026 guidance of 700,000 to 800,000 ounces. That target, set in January, represents roughly an 80% increase in annual Canadian gold production, with Greenstone slated for 250,000 to 300,000 ounces and Valentine for 150,000 to 200,000 ounces.
“We also secured 20-year land access agreements with the three communities that host the multi-million-ounce Los Filos mine, a significant step towards the unlocking of value of this high-quality long-term growth asset in our portfolio. [..] We believe Los Filos has the potential to become another high-quality, cornerstone asset within our portfolio and a meaningful contributor to Equinox Gold’s long-term growth,” added Hall.
Equinox Gold last traded at $13.39 on the TSX.
