{"id":950098,"date":"2026-04-09T06:33:52","date_gmt":"2026-04-09T10:33:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/equinox-gold-delivers-strong-first-quarter-with-197628-ounces-of-gold-production-990-million-of-debt-reduction-and-inaugural-dividend-payment\/"},"modified":"2026-04-09T06:33:52","modified_gmt":"2026-04-09T10:33:52","slug":"equinox-gold-delivers-strong-first-quarter-with-197628-ounces-of-gold-production-990-million-of-debt-reduction-and-inaugural-dividend-payment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/equinox-gold-delivers-strong-first-quarter-with-197628-ounces-of-gold-production-990-million-of-debt-reduction-and-inaugural-dividend-payment\/","title":{"rendered":"Equinox Gold Delivers Strong First Quarter with 197,628 Ounces of Gold Production, $990 Million of Debt Reduction and Inaugural Dividend Payment"},"content":{"rendered":"
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VANCOUVER, British Columbia, April 09, 2026 (GLOBE NEWSWIRE) — Equinox Gold Corp.<\/strong> (TSX: EQX, NYSE American: EQX) (\u201cEquinox Gold\u201d or the \u201cCompany\u201d) is pleased to announce production results for the three months ended March 31, 2026 (\u201cQ1\u201d or the \u201cQuarter\u201d), along with an update on operations at its two Canadian cornerstone assets: Valentine Gold Mine (\u201cValentine\u201d) in Newfoundland & Labrador and Greenstone Gold Mine (\u201cGreenstone\u201d) in Ontario. All dollar figures are in United States dollars unless otherwise noted.<\/em><\/p>\n

\n Darren Hall, CEO of Equinox Gold, commented<\/strong>: \u201cEquinox Gold delivered a strong first quarter, producing 197,628 ounces (\u201coz\u201d) of gold, including 87,402 oz from our two Canadian operations. Canadian production is expected to be weighted to the second half of the year as the assets continue to ramp-up, supported by steady contributions from Nicaragua and Mesquite. Together, our operations are expected to generate strong cash flow in the current gold price environment, supporting the implementation of a two-pronged capital return program.<\/p>\n

\u201cAt Greenstone, improvement programs initiated in 2025 continue to deliver positive results with winter mining rates averaging 180,248 tonnes per day (\u201ctpd\u201d), consistent with expectations and Q4 2025 performance. Q1\u00a02026 mill throughput averaged 24,544 tpd, with 51% of days exceeding nameplate capacity (27,000 tpd) compared to 36% in Q4 2025. The team is focused on continued optimization and unlocking further value from the asset, consistent with the long-term profile outlined in the updated technical report.<\/p>\n

\u201cValentine continues to ramp-up well with the process plant averaging 6,192 tpd, or 90% of nameplate capacity (6,850 tpd) for the full quarter, and 101% of nameplate for February and March. We are also actively exploring on the property, following up on the exploration success announced in February, and advancing plans for the Phase 2 expansion, which together are expected to increase production and extend the mine life of this cornerstone asset.<\/p>\n

\u201cThe sale of our Brazil operations, coupled with strong cash flow from our operating mines, allowed us to repay $990 million of debt during the quarter. With a strengthened balance sheet and confidence in our long-term outlook, we paid our first dividend of $0.015 per share on March 26, 2026.<\/p>\n

\u201cAcross the portfolio, we are advancing exploration to support organic growth, while progressing technical studies at both Castle Mountain and Los Filos, which together have the potential to contribute more than 450,000 ounces of additional annual production when in operation.<\/p>\n

\u201cDelivering meaningful, long-term shareholder value through operational excellence, disciplined capital allocation and successful execution of organic growth opportunities remains our north star. We appreciate the support of our team and our shareholders as we work together to build a leading, Americas-focused gold producer.\u201d<\/p>\n

\n Q1 2026 Highlights<\/strong>\n <\/p>\n