Equinox Gold Reaches Commercial Production at Valentine Mine

The company y expects Valentine to deliver into the higher end of its Q4 production range of 15,000 to 30,000 ounces of gold.

SEATTLE (Scrap Monster): Equinox Gold Corp. has officially transitioned its wholly owned Valentine Gold Mine in Newfoundland & Labrador, Canada, into commercial production, marking a key advancement for the company’s domestic growth strategy.

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Equinox Gold’s President and CEO Darren Hall described the achievement as a significant operational milestone, noting that the site has surpassed expectations during the commissioning phase. He praised the team for delivering a safe and rapid production ramp-up ahead of schedule, highlighting strong plant performance with impressive availability, throughput and recovery rates.

According to the company’s update, the processing facility handled an average of 5,451 tonnes per day over the past two months, equivalent to 80% of its designed capacity, while achieving more than 93% gold recovery on commissioning ore averaging 1.2 g/t gold. With continued improvements underway, the mine is forecast to meet the upper end of its fourth-quarter output projection of 15,000–30,000 ounces of gold. The project is expected to reach full nameplate capacity by Q2 2026, targeting annual production between 150,000 and 200,000 ounces.

Looking ahead, Equinox Gold is moving forward with Phase 2 expansion studies, which evaluate increasing mill capacity to 5 million tonnes per year, effectively doubling current nameplate throughput.