Equinox Gold Q2 Produces 176,836 Ounces; Canadian Output Up 11%
EQX•Equinox Gold produced 176,836 ounces of gold in Q2 2026, with Canadian operations delivering 97,273 ounces (Greenstone 64,656 oz; Valentine 32,617 oz), marking an 11% quarter-over-quarter increase and lifting YTD output to 374,464 oz on track for 700,000–800,000 oz guidance. The company announced a proposed business combination with Orla Mining to form a 1.1 million ounce producer in 2026 and secured 20-year land access at Los Filos to advance its restart plans.
1. Q2 Gold Production Results
Equinox Gold delivered consolidated production of 176,836 ounces in Q2 2026. Canadian operations contributed 97,273 ounces, comprising 64,656 oz from Greenstone and 32,617 oz from Valentine. International assets added 78,563 oz, including Mesquite, Nicaragua mines and Castle Mountain. Year-to-date production reached 374,464 oz, positioning the company to meet its 700,000–800,000 oz guidance range for 2026.
2. Canadian Operations Ramp-Up
At Greenstone, mining rates averaged over 199,000 tonnes per day and mill throughput reached 26,856 tpd, with 69% of days exceeding nameplate capacity compared to 51% in Q1. Valentine’s process plant ran at 113% of its 6,840 tpd nameplate, averaging 7,730 tpd. Continued operational optimization and higher feed grades are expected to drive sequential production gains in the second half of 2026.
3. Proposed Orla Mining Business Combination
The company announced a proposed share-for-share combination with Orla Mining to create a North American senior gold producer with projected annual output of 1.1 million ounces in 2026. The transaction offers a funded pathway to approximately 1.9 million ounces of annual production from a diversified portfolio of long-life assets. Shareholder approval is being sought at a special meeting on July 22, 2026.
4. Los Filos Land Access and Restart Planning
Equinox Gold secured 20-year land access agreements with three host communities at Los Filos and established a new labour and supply framework. Technical work and restart planning are underway, including evaluation of a rightsized carbon-in-leach development scenario. The company anticipates Los Filos will become a cornerstone growth asset generating significant free cash flow upon restart.
