Equinox Gold(US:EQX) Globenewswire·2026-03-30 10:30Core Insights - Equinox Gold Corp. has reported updated technical results for its Greenstone Gold Mine in Ontario and Valentine Gold Mine in Newfoundland & Labrador, highlighting significant mineral reserves and resources as of December 31, 2025, including 19 million ounces of gold in mineral reserves and 19 million ounces in measured and indicated resources [1][2][3] Greenstone Gold Mine - The immediate focus is on ramping up to a sustained milling capacity of 27,000 tonnes per day, with an expected average annual gold production of approximately 320,000 ounces over the next decade [2][14] - There are opportunities to optimize operations further, including increasing mill throughput to 30,000 tonnes per day and incorporating higher-grade underground resources into future mine plans [3][14] - The mine has a total of 8.1 million ounces of combined proven and probable mineral reserves, with strong exploration potential across the 400 km² land package [8][14] Valentine Gold Mine - The planned Phase 2 expansion is expected to increase throughput to approximately 13,700 tonnes per day, with an average annual gold production of about 223,000 ounces for the subsequent ten years [4][23] - Ongoing delineation efforts at the Frank Zone may lead to a fourth open pit, enhancing the asset's value and mine life [5][23] - The mine has a total of 2.7 million ounces of proven and probable mineral reserves, with significant exploration potential remaining on the 320 km² property [23][35] Financial and Operational Highlights - The company has a robust exploration budget of $70 to $80 million for 2026 to enhance mineral reserves and resources [6] - The Greenstone mine is projected to average 543,000 ounces of annual gold production from Canada over the next ten years based on proven and probable mineral reserves [8] - The Valentine mine's life of mine cumulative net cash flow is estimated at $4.3 billion at a gold price of $4,500 per ounce [23]