Equinox Gold Delivers First Gold at its Valentine Gold Mine in Newfoundland and Labrador, Canada

Core Viewpoint - Equinox Gold has successfully poured its first gold at the Valentine Gold Mine in Newfoundland and Labrador, marking a significant milestone in the company's operations and growth strategy [1][2]. Group 1: Production and Operations - The commissioning of the Valentine process plant is progressing well, with mill throughput averaging 47% of nameplate capacity during the initial 15 days of operation, leading to the first gold pour on September 14, 2025 [2]. - Once fully operational, the Valentine Gold Mine is expected to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life, operating at a design capacity of 2.5 million tonnes per year [4]. - The company is exploring opportunities to increase production and extend the mine life, including a Phase 2 expansion to enhance plant throughput and explore new discoveries on the property [4]. Group 2: Strategic Importance - The commencement of production at Valentine signifies a new chapter for Equinox Gold, positioning the company to become the second-largest producer of gold in Canada [4]. - Valentine will be Equinox Gold's second-largest mine and the largest gold mine in Atlantic Canada, contributing significantly to the local economy [4]. Group 3: Leadership and Vision - The achievement of the first gold pour reflects the vision, determination, and teamwork of the Equinox Gold team, highlighting the collaborative effort that brought the mine from concept to reality [3]. - The company emphasizes its commitment to delivering opportunities and benefits for employees, communities, and shareholders for many years to come [3].