{"id":959383,"date":"2026-05-06T19:40:03","date_gmt":"2026-05-06T23:40:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/equinox-gold-delivers-strong-q1-financial-results-scaling-a-long-life-canadian-gold-platform\/"},"modified":"2026-05-06T19:40:03","modified_gmt":"2026-05-06T23:40:03","slug":"equinox-gold-delivers-strong-q1-financial-results-scaling-a-long-life-canadian-gold-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/equinox-gold-delivers-strong-q1-financial-results-scaling-a-long-life-canadian-gold-platform\/","title":{"rendered":"Equinox Gold Delivers Strong Q1 Financial Results; Scaling a Long-Life Canadian Gold Platform"},"content":{"rendered":"

\nAverage Annual Canadian Production Estimated at Over 500,000 Ounces per Year 2026-2036
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VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) — (TSX: EQX, NYSE American: EQX) (\u201cEquinox Gold\u201d or the \u201cCompany\u201d) is pleased to announce its Q1 2026 financial and operating results. The Company\u2019s unaudited condensed consolidated interim financial statements (\u201cFinancial Statements\u201d) and related management\u2019s discussion and analysis (\u201cMD&A\u201d) are available for download on the Company\u2019s profile on SEDAR+ at\u00a0www.sedarplus.ca<\/a>, on EDGAR at www.sec.gov\/edgar<\/a> and on the Company\u2019s website at www.equinoxgold.com<\/a>. All financial figures are in US dollars, unless otherwise indicated.<\/em><\/p>\n

\n Darren Hall, CEO of Equinox Gold, commented:<\/strong> \u201cEquinox Gold delivered a solid start to the year, producing 197,628 ounces (\u201coz\u201d) of gold with cash costs and all-in sustaining costs of $1,633 and $1,950 per oz, respectively. Importantly, our two Canadian operations are ramping up well, with 87,402 oz produced from Canada during the quarter. Based on performance year-to-date and expected improvements through the balance of the year, the Company remains on track to achieve our full-year consolidated production and cost guidance.<\/p>\n

\u201cAt Greenstone, winter mining rates averaged 180,248 tonnes per day (\u201ctpd\u201d) and mill throughput averaged 24,544 tpd during the quarter, with more than half of operating days exceeding nameplate capacity, demonstrating quarter on quarter improving performance. While mining productivities improved through Q1, volumes tracked slightly below plan due to severe winter conditions which affected mine sequencing, resulting in lower grades processed and production of 60,338 ounces of gold. As we move out of winter and mining productivity continues to advance, we expect to realign with the mine plan and see grades improve through the year.<\/p>\n

\u201cAt Valentine, the team delivered a solid first full quarter of operations despite a severe winter in Newfoundland. The region experienced unusually challenging winter conditions during the quarter, which impacted mining rates and the timing of access to planned ore zones, resulting in production of 27,064 ounces of gold. Despite these conditions, the process plant performed well, averaging 6,192 tonnes per day, or 90% of nameplate capacity, for the quarter and exceeding nameplate capacity in both February and March, a testament to the team and quality of the plant.<\/p>\n

\u201cWe are following up on new mineralization discovered at Valentine during our 2025 drill program while advancing plans for the Phase 2 expansion, which together are expected to drive higher production and extend the mine life.<\/p>\n

\u201cWe advanced our pipeline of growth projects during the quarter, outlining plans for the Valentine Phase 2 expansion, advancing engineering and environmental studies for Castle Mountain, and continuing exploration, engineering and community dialogue at Los Filos. Collectively, these projects could add up to 500,000 ounces of annual production, delivering significant shareholder value.<\/p>\n

\u201cWith strong cash flow from our operating mines and completion of the sale of our Brazil assets in January, we were able to repay $990 million of debt during the quarter, initiate a share buyback program and pay our inaugural quarterly dividend of $0.015 per share on March 26. Subsequent to quarter-end, following meaningful deleveraging and improved financial strength, we refinanced our revolving credit facility on improved terms, enhancing liquidity, flexibility, and our overall cost of capital. The Board also approved a second quarterly dividend of $0.015 per share, payable on June 5, 2026 to shareholders of record on May 21, 2026. Our focus is clear: delivering long-term shareholder value through operational excellence, disciplined capital allocation and successful delivery of our organic growth pipeline. We look forward to providing additional updates as the year unfolds.\u201d<\/p>\n

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