Equinox Gold(US:EQX) Newsfile·2025-10-07 10:30Core Viewpoint - Equinox Gold achieved record gold production of 236,470 ounces in Q3 2025, indicating strong operational performance and growth potential for 2026 following the merger completed in June 2025 [2][6]. Production Results - Consolidated year-to-date gold production reached 634,428 ounces, with Q3 production contributing significantly to this total [8]. - Q3 production breakdown includes 56,029 ounces from Greenstone, 71,119 ounces from Nicaragua, 67,629 ounces from Brazil, 27,642 ounces from Mesquite, and 10,797 ounces from Pan [8]. Operational Highlights - At Greenstone, mining rates improved to over 185,000 tonnes per day, a 10% increase from Q2 and a 21% increase from Q1, with mill grades improving by 13% to 1.05 grams per tonne [3][14]. - Valentine Gold Mine commenced gold production ahead of schedule on September 14, 2025, with the plant averaging 57% of nameplate capacity through September [4][14]. Financial Performance - The company reduced its debt by US$139 million during Q3 and completed the divestment of Nevada assets for US$115 million, reflecting a disciplined approach to capital allocation [5][14]. - Cash and equivalents stood at $359 million as of September 30, 2025, indicating a strong financial position [8]. Future Outlook - The company anticipates producing between 15,000 to 30,000 ounces of gold from Valentine in Q4 2025 and aims to achieve consistent nameplate capacity of 2.5 million tonnes per year by Q2 2026 [4][6]. - Continued operational improvements at Greenstone and Valentine are expected to support strong performance into 2026 [6][14].