07:48 AM EDT, 08/28/2025 (MT Newswires) -- Equinox Gold ( EQX ) said Thursday that its Valentine gold mine in Canada has begun processing ore, with the first gold pour expected within the next month.

The company said it expects Valentine to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life.

Additionally, Chief Executive Darren Hall said the company issued 21.4 million shares on Aug. 18 to settle the $139.2 million principal amount of its 2020 convertible notes after holders opted to convert these into common shares at $6.50 apiece.