11:20 AM EDT, 08/28/2025 (MT Newswires) -- Equinox Gold ( EQX ) said Thursday that its Valentine gold mine in Newfoundland started processing ore at its 2.5-million tonne per year facility and expects to pour first gold within the next month.

The company said it is on track to ramp up to nameplate capacity in the second quarter of 2026.

At that point, Valentine is expected to produce 175,000-200,000 ounces of gold per year for the first 12 years of its 14-year reserve life, Equinox said.

At the Greenstone gold mine in Ontario, the company said it appointed Bryan Wilson as vice president of operations and named Roger Souckey as director for external relations.

Equinox also tapped Daniella Dimitrov as executive vice president of sustainability, people and strategy.

"Equinox Gold ( EQX ) is entering a pivotal phase of growth, with production and cash flow expected to increase meaningfully as Valentine ramps up and Greenstone approaches nameplate capacity," chief executive Darren Hall said.

Equinox shares were last seen down $0.02 to $11.30 on the Toronto Stock Exchange.

Price: 11.30, Change: -0.03, Percent Change: -0.22