Equinox Gold (TSX, NYSE-A: EQX) has begun processing ore at its Valentine gold mine in Newfoundland and Labrador, with first gold expected next month.
“I am pleased to announce that our Valentine gold mine has begun processing ore through its 2.5-million-tonne-per-annum facility,” chief executive officer Darren Hallsaid on Thursday.
The Vancouver-based miner expects to ramp-up to nameplate capacity in the second quarter of 2026. At that point, Valentine is projected to produce 175,000 to 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life.
When fully operational, Valentine will be the largest gold mine in Atlantic Canada and a major economic driver for Newfoundland and Labrador. It marks the second mine Equinox has brought online, following the start-up of its Greenstone project in Ontario, which entered commercial production in November 2024. Equinox gained…
