Equinox Gold Reports Second Quarter 2025 Gold Production of 219,122 Ounces
Equinox Gold (NYSE:EQX) reported Q2 2025 gold production of 219,122 ounces, including 51,274 ounces from Greenstone and 72,823 ounces from Calibre Mining assets. Year-to-date production reached 401,211 ounces. The company maintains a strong financial position with $406 million in cash as of June 30, 2025.
Following the successful merger with Calibre Mining, EQX has strengthened its portfolio with two high-quality Canadian gold mines. The Valentine Gold Mine is on track for first ore processing in late August 2025, with first gold expected a month later. The company's updated 2025 consolidated guidance targets 785,000 to 915,000 ounces of gold production.
The company is implementing improvement plans at Greenstone, expecting stronger performance in H2 2025. Additionally, EQX is conducting an extensive exploration program with 250,000 metres of discovery and resource expansion drilling underway.
Equinox Gold (NYSE:EQX) ha riportato una produzione di oro nel secondo trimestre 2025 pari a 219.122 once, di cui 51.274 once provenienti da Greenstone e 72.823 once dagli asset di Calibre Mining. La produzione da inizio anno ha raggiunto 401.211 once. L'azienda mantiene una solida posizione finanziaria con 406 milioni di dollari in contanti al 30 giugno 2025.
Dopo la fusione riuscita con Calibre Mining, EQX ha rafforzato il suo portafoglio con due miniere d'oro canadesi di alta qualit脿. La miniera Valentine Gold 猫 prevista per il primo trattamento del minerale alla fine di agosto 2025, con il primo oro atteso un mese dopo. Le previsioni consolidate aggiornate per il 2025 puntano a una produzione di oro compresa tra 785.000 e 915.000 once.
L'azienda sta implementando piani di miglioramento a Greenstone, prevedendo una performance pi霉 robusta nella seconda met脿 del 2025. Inoltre, EQX sta conducendo un ampio programma di esplorazione con 250.000 metri di perforazioni per scoperte e ampliamento delle risorse in corso.
Equinox Gold (NYSE:EQX) report贸 una producci贸n de oro en el segundo trimestre de 2025 de 219,122 onzas, incluyendo 51,274 onzas de Greenstone y 72,823 onzas de los activos de Calibre Mining. La producci贸n acumulada del a帽o alcanz贸 401,211 onzas. La compa帽铆a mantiene una s贸lida posici贸n financiera con $406 millones en efectivo al 30 de junio de 2025.
Tras la exitosa fusi贸n con Calibre Mining, EQX ha fortalecido su portafolio con dos minas de oro canadienses de alta calidad. La mina Valentine Gold est谩 en camino para el primer procesamiento de mineral a finales de agosto de 2025, con el primer oro esperado un mes despu茅s. La gu铆a consolidada actualizada para 2025 apunta a una producci贸n de oro entre 785,000 y 915,000 onzas.
La compa帽铆a est谩 implementando planes de mejora en Greenstone, esperando un mejor desempe帽o en la segunda mitad de 2025. Adem谩s, EQX est谩 llevando a cabo un extenso programa de exploraci贸n con 250,000 metros de perforaciones para descubrimiento y expansi贸n de recursos en curso.
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Equinox Gold (NYSE:EQX) a annonc茅 une production d'or au deuxi猫me trimestre 2025 de 219 122 onces, dont 51 274 onces provenant de Greenstone et 72 823 onces des actifs de Calibre Mining. La production cumul茅e depuis le d茅but de l'ann茅e a atteint 401 211 onces. La soci茅t茅 maintient une solide position financi猫re avec 406 millions de dollars en liquidit茅s au 30 juin 2025.
Suite 脿 la fusion r茅ussie avec Calibre Mining, EQX a renforc茅 son portefeuille avec deux mines d'or canadiennes de haute qualit茅. La mine Valentine Gold est en bonne voie pour le premier traitement de minerai fin ao没t 2025, avec le premier or attendu un mois plus tard. Les pr茅visions consolid茅es mises 脿 jour pour 2025 visent une production d'or comprise entre 785 000 et 915 000 onces.
La soci茅t茅 met en 艙uvre des plans d'am茅lioration 脿 Greenstone, s'attendant 脿 une meilleure performance au second semestre 2025. De plus, EQX m猫ne un vaste programme d'exploration avec 250 000 m猫tres de forage pour la d茅couverte et l'expansion des ressources en cours.
Equinox Gold (NYSE:EQX) meldete eine Goldproduktion im zweiten Quartal 2025 von 219.122 Unzen, davon 51.274 Unzen aus Greenstone und 72.823 Unzen aus den Verm枚genswerten von Calibre Mining. Die Produktion seit Jahresbeginn erreichte 401.211 Unzen. Das Unternehmen verf眉gt 眉ber eine starke Finanzlage mit 406 Millionen US-Dollar an liquiden Mitteln zum 30. Juni 2025.
Nach der erfolgreichen Fusion mit Calibre Mining hat EQX sein Portfolio mit zwei hochwertigen kanadischen Goldminen gest盲rkt. Die Valentine Gold Mine ist auf Kurs f眉r die erste Erzverarbeitung Ende August 2025, mit dem ersten Gold, das einen Monat sp盲ter erwartet wird. Die aktualisierte konsolidierte Prognose f眉r 2025 zielt auf eine Goldproduktion von 785.000 bis 915.000 Unzen ab.
Das Unternehmen setzt Verbesserungspl盲ne bei Greenstone um und erwartet eine st盲rkere Leistung in der zweiten Jahresh盲lfte 2025. Zus盲tzlich f眉hrt EQX ein umfangreiches Explorationsprogramm mit 250.000 Metern Bohrungen zur Entdeckung und Ressourcenerweiterung durch.
- Strong cash position of $406 million as of June 30, 2025
- Successful completion of Calibre Mining merger, adding a second high-quality Canadian gold mine
- Q2 production increased to 219,122 ounces from 182,089 ounces in Q1 2025
- Valentine Gold Mine on schedule for first ore processing in August 2025
- Robust 2025 production guidance of 785,000-915,000 ounces
- Greenstone mine requires improvement plan implementation
- Operating performance improvements at Greenstone not expected until H2 2025
Insights
EQX reported solid Q2 gold production with Greenstone ramping up and Valentine on track for first gold in September.
Equinox Gold's Q2 production results demonstrate steady operational progress with 219,122 ounces of gold produced across its portfolio. This represents a
The Greenstone mine continues its ramp-up phase, contributing 51,274 ounces in Q2, up from 44,449 ounces in Q1. While this shows progress, management's commentary about implementing a "comprehensive improvement plan" and deploying "additional human capital" suggests the ramp-up hasn't been entirely smooth. These interventions indicate management is proactively addressing operational challenges to achieve stronger H2 performance.
The Valentine Gold Mine is progressing on schedule, with commissioning well underway and first ore expected through the mill by late August, followed by first gold production approximately one month later. The staffing of all operations leadership positions is particularly positive, as having experienced personnel in place is critical for successful commissioning. The photographic evidence in the release shows substantial completion of key infrastructure including the primary conveyor, stockpile building, mills, and process plant.
The company's strong cash position of
With consolidated H1 2025 production of 401,211 ounces and guided full-year production of 785,000-915,000 ounces, Equinox needs to produce between 383,789-513,789 ounces in H2 to meet guidance. This acceleration appears achievable based on expected improvements at Greenstone and Valentine's contribution starting in Q3, but execution will be key to meeting the upper end of guidance.
Equinox's merger with Calibre and two Canadian cornerstone assets position it for production growth and improved cash flow generation.
Equinox Gold's strategic transformation is materializing with the successful completion of the Calibre Mining merger, creating a more diversified producer with an enhanced focus on tier-one mining jurisdictions. The company now stands at a critical inflection point with two cornerstone Canadian assets鈥擥reenstone ramping up and Valentine nearing first production鈥攖hat fundamentally reshape its production profile and future cash flow potential.
The enhanced management team brings valuable operational expertise, with Darren Hall's appointment as President and COO particularly noteworthy given his track record. The strengthened board with four new directors adds depth of experience that should improve corporate governance and strategic direction.
While Q2 production was solid at 219,122 ounces, the real story is the trajectory. The updated 2025 guidance of 785,000-915,000 ounces implies significantly stronger H2 performance. This back-half weighting creates both opportunity and risk. If Greenstone's improvement plan yields results and Valentine's commissioning proceeds smoothly, Equinox could establish credibility by meeting or exceeding expectations. Conversely, any commissioning delays at Valentine or persistent challenges at Greenstone could pressure guidance targets.
The company's exploration program targeting 250,000 meters of drilling demonstrates commitment to organic growth. Early results from the Frank Zone at Valentine are particularly encouraging, with intercepts showing substantial widths and grades (e.g., 2.43 g/t gold over 172.8 meters ETW). These results suggest potential for resource expansion beyond current mine plans.
With
Greenstone Gold Mine Expecting Stronger H2, Valentine Gold Mine on Track
Canadian Cornerstone Assets Mark Inflection in Production Scale and Future Cash Flow
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce production results for the three months ("Q2") ended June 30, 2025, along with an update on construction and commissioning progress at its Valentine Gold Mine ("Valentine") in Newfoundland & Labrador, Canada, and ramp-up at its Greenstone Gold Mine ("Greenstone") in Ontario, Canada. All financial figures are in US dollars, unless otherwise indicated.
Greg Smith, CEO of Equinox Gold, commented: "Equinox Gold is at an important inflection point following the successful completion of the business merger with Calibre Mining and the updating of 2025 guidance. The transaction with Calibre Mining added a second high-quality, long-life Canadian gold mine to our portfolio and strengthened the leadership team, with Darren Hall bringing his operational expertise as President and COO. Additionally, new senior executives add extensive operating, technical and capital markets knowledge to the Equinox Gold team, and four new directors bring decades of experience to our Board.
"With Greenstone continuing to ramp up we expect a strong second half of the year and with Valentine on track that positive momentum will continue into 2026. With
Darren Hall, President & COO of Equinox Gold, commented: "Our updated 2025 consolidated guidance of 785,000 to 915,000 ounces provides a solid foundation to build market momentum as we focus on operational excellence and deliver into expectations. The integration of assets and personnel is well underway, ensuring clarity in roles, responsibilities and accountabilities across all functions.
"Total consolidated Q2 production delivered 219,122 ounces including 51,274 ounces from Greenstone and 72,823 ounces from the Calibre Mining assets, consistent with expectations. We are implementing a comprehensive Greenstone improvement plan, commencing with the deployment of additional human capital. We are expecting continued improvements through the second half of the year.
"Valentine is progressing well, and we anticipate first ore through the mill during late August, with first gold approximately a month later. Given the seasoned construction and operating team who have significant commissioning experience, we anticipate an effective ramp up through year end and into Q1 2026."
Highlights
- , creating a major Americas-focused diversified gold producer anchored by two high-quality, long-life Canadian gold mines
- Consolidated year to date gold production of 401,211 ounces, excluding Los Filos and Castle Mountain
- Q1: 182,089 ounces, including 44,449 ounces from Greenstone and 71,539 ounces from the Calibre assets
- Q2: 219,122 ounces, including 51,274 ounces from Greenstone and 72,823 ounces from the Calibre assets
- Cash and equivalents of
$406 million at June 30, 2025 - Valentine on schedule and forecast for first ore through the mill during late August
- Exploring across the portfolio with 250,000 metres of discovery and resource expansion drilling underway
- Discovery drilling at the Valentine Gold Mine: drilling at the Frank Zone has been traced over 1 kilometre along strike and 500 metres deep; results include: 2.43 grams per tonne ("g/t") gold over 172.8 metres estimated true width ("ETW"), including 3.84 g/t gold over 90.1 metres ETW, 2.12 g/t gold over 95.4 metres ETW, 2.26 g/t gold over 78.3 metres ETW, 3.08 g/t gold over 48.2 metres ETW and 1.94 g/t gold over 36.4 metres ETW (see )
Valentine Update
- Final plant commissioning well underway
- First ore through the plant by the end of August
- All operations leadership positions fully staffed
Valentine Primary Conveyor and Stockpile Building (June 2025)
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Valentine Mining Activity (June 2025)
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Valentine SAG and Ball Mill (June 2025)
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Valentine Process Plant (June 2025)
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Q2 2025 Conference Call Details
Equinox Gold will release its unaudited financial and operating results for the three and six months ended June 30, 2025, on Wednesday, August 13, 2025, after market close. The Company will host a conference call and webcast to discuss the results the following morning on Thursday, August 14, 2025, commencing at 7:30am PT (10:30am ET). The webcast will be available for replay on Equinox Gold's website until February 14, 2026.
Conference call
Toll-free in U.S. and Canada: 1-833-752-3366
International callers: +1 647-846-2813
Webcast login
Qualified Person
The scientific and technical information contained in this news release was approved by David Schonfeldt, P. Geo., VP Mine Geology for Equinox Gold and a "Qualified Person" under National Instrument 43-101.
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 or contact [email protected].
Equinox Gold Contact
Ryan King
Senior Vice President, Capital Markets and Strategy
T: 778.998.3700
E: [email protected]
E: [email protected]
Cautionary Notes & Forward-looking Information
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; successful integration of Calibre Mining's team and assets into Equinox Gold; the Company's ability to successfully ramp-up production at Greenstone to design capacity; the Company's ability to successfully complete construction and commissioning at Valentine and timing of first gold pour; the Company's ability to deliver long-term value for shareholders; and the timing for release of the Company's Q2 2025 financial and operating results. Forward-looking Information is generally identified using words like "will", "anticipate", "improve", "grow", "expect", "on track", "continue", 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: Equinox Gold's ability to achieve the production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; availability of funds for the Company's projects and future cash requirements; ramp-ups at Greenstone and Valentine being completed and performed in accordance with current expectations; expansion projects at Aurizona and Castle Mountain being completed and performed in accordance with current expectations; the results of exploration programs; tonnage of ore to be mined and processed; ore grades and recoveries remaining consistent with mine plans; and the ability of Equinox Gold 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 I Forward-looking 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 and on EDGAR at and in the section titled "Risk Factors" in Calibri's most recently filed Annual Information Form which is available on SEDAR+ at . 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.
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FAQ
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