Equinox Gold’s Greenstone mine in Ontario. Credit: Equinox Gold
Equinox Gold (TSX, NYSE-A: EQX) soared nearly 18% on Thursday after reporting a record production for the third quarter of 2025 alongside low costs.
During Q3 2025, the Canadian gold miner’s output totalled 236,382 oz., its most ever, partly due to significant quarter-on-quarter increases in mining rate (10%) and mill grade (13%) at the Greenstone mine in Ontario, resulting in 56,029 oz. of production.
Elsewhere, Equinox’s Nicaragua and Brazil operations each contributed 71,119 oz. and 67,629 oz. Its US-based operations, Mesquite in California and the now sold Pan mine in Nevada, added 27,642 oz. and 10,797 oz. respectively. During the quarter, the Valentine mine in Newfoundland also started production, with a relatively minuscule output of 609 oz.
Together, the company’s operating mines produced 634,427 oz. for the year to…
