Equinox Gold

Equinox Gold Delivers Strong Second Quarter Results, Increases 2026 Production Guidance Following Successful Completion of the Orla Mining Merger, Quarterly Dividend Increased by 50%

rhylin.bailie — Wed, 05 Aug 2026 21:42:11 +0000

Released on

August 5, 2026

Equinox Gold Delivers Strong Second Quarter Results, Increases 2026 Production Guidance Following Successful Completion of the Orla Mining Merger, Quarterly Dividend Increased by 50%

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce its financial and operating results for the second quarter of 2026 (“Q2 2026”). The Company’s unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2026 (“Financial Statements”) and related management’s discussion and analysis (“MD&A”) are available for download on the Company’s profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on the Company’s website at www.equinoxgold.com. All financial figures are in US dollars, unless otherwise indicated.

Darren Hall, CEO of Equinox Gold, commented: “With completion of the business combination with Orla Mining on July 31, we enter the second half of 2026 as North America’s new senior gold producer, with meaningfully greater production and cash flow, and one of the industry’s strongest organic growth profiles. The financial benefits of the combination will begin to be reflected in our third quarter results, with our focus on disciplined integration, operational execution and delivering the long-term value this transformational combination has created.

“The second quarter reflected continued improvement across our Canadian operations, with higher production at both Greenstone and Valentine. At Valentine, high-grade reconciliation improved significantly compared to the first quarter as our operational initiatives gained traction, and that positive trend continued into July. The process plant continues to perform exceptionally well, consistently exceeding nameplate capacity, while ongoing gains in mining performance are supporting higher-grade mill feed. Together with Greenstone’s continued ramp-up and the addition of Musselwhite, we expect our Canadian portfolio to deliver higher production at lower unit costs through the second half of 2026.

“The new Company’s consolidated 2026 production guidance of 870,000 to 920,000 ounces of gold reflects 12 months of production from Equinox Gold’s existing portfolio and five months (August through December) from the assets acquired with Orla Mining. On a pro-forma basis, considering a full 12 months of production from both companies, annual production is expected to be approximately 1.1 million ounces of gold in 2026.

“The Board of Directors has approved construction of the Phase 2 expansion at Valentine, reflecting our confidence in the operation and our disciplined approach to investing in high-return organic growth. The expansion is expected to increase processing capacity to approximately 13,700 tonnes per day (5.0 Mtpa) and average annual gold production to approximately 223,000 ounces, unlocking the full long-term value of this cornerstone Canadian mine. Construction is expected to be completed in late 2028.

“With the merger complete, the Board of Directors has approved a 50% increase to our quarterly dividend, reflecting the strength of our balance sheet, our growing free cash flow generation, and our commitment to delivering meaningful shareholder returns while continuing to invest in high-return organic growth opportunities.

“Our focus is clear: achieve operational excellence, allocate capital with discipline and successfully execute our organic growth pipeline, creating long-term shareholder value as North America’s new senior gold producer.”

Q2 2026 Highlights

Produced 176,836 ounces of gold, including 64,656 oz from Greenstone, 32,617 oz from Valentine, 18,572 oz from Mesquite, 59,476 oz from Nicaragua and 1,515 oz from Castle Mountain
Sold 177,959 ounces of gold from All Operations¹ at an average realized gold price of $4,256 per oz
Cash costs of $1,816 per oz² and all-in sustaining costs (“AISC”) of $2,175 per oz for All Operations²
Cash flow before changes in non-cash working capital of $272.0 million
Mine-site free cash flow from All Operations before changes in non-cash working capital of $223.7 million²
Revenue of $769.8 million
Adjusted EBITDA from All Operations of $358.3 million²
Income from mine operations of $301.7 million
Net income of $230.6 million or $0.29 per share (basic)
Adjusted net income from All Operations of $123.3 million or $0.16 per share²
Paid dividends to shareholders of $11.8 million ($0.015 per share) on June 5, 2026
Entered into an arrangement agreement to combine with Orla Mining to create a new North American senior gold producer with the capacity to produce approximately 1.1 million ounces of gold annually, and a clear path to more than 1.9 million ounces of annual production³ from the combined portfolio of high-quality North American growth projects
Announced 20-year land access agreements with all three communities hosting Los Filos Mine, enabling the gradual restart of heap leach operations, while advancing technical studies to evaluate potential expansion opportunities

Subsequent Events

On July 7, 2026, the Company sold 8.7 million common shares in Versamet Royalties Corporation for gross proceeds of C$130 million ($92 million)
On July 31, 2026, the Company completed the business combination with Orla Mining and issued 378,115,579 common shares and paid $0.0001 per share in cash to former Orla Mining shareholders
- Darren Hall will retire from Equinox Gold effective October 31, 2026. Jason Simpson, former President and CEO of Orla Mining, joined Equinox Gold as President and will assume the role of CEO upon Darren Hall’s retirement
- As the Company enters its next chapter, it is supported by a strong and experienced leadership team, including Peter Hardie, Chief Financial Officer; Etienne Morin, Chief Capital Markets Officer; Andrew Cormier, Chief Operating Officer; Daniella Dimitrov, Chief Corporate Development, Sustainability and Risk Officer; Sylvain Guerard, Executive Vice President, Exploration; and Matthew MacPhail, Executive Vice President, Technical Services
- The Board of Directors consists of Chuck Jeannes (Chair), Lenard Boggio (Lead Director), Tamara Brown, Omaya Elguindi, Douglas Forster, Darren Hall, Blayne Johnson, Rob Krcmarov, Jason Simpson, David Stephens and Mike Vint. Ross Beaty will remain closely involved as Chair Emeritus and a Special Advisor
On August 5, 2026, the Board of Directors approved construction of the Valentine Phase 2 expansion project with an initial capital budget of $436 million, including $54 million of contingency. Updated 2026 guidance includes $50-$60 million of growth capital related to the project, which was not included in the Company’s original 2026 guidance. Construction is expected to be completed in late 2028
On August 5, 2026, the Board of Directors approved a 50% increase to our quarterly dividend to $0.0225 per common share, which equates to an annualized dividend of $0.09 per common share. The dividend is payable on September 2, 2026 to shareholders of record at the close of business on August 19, 2026
As of July 31, 2026, Equinox Gold had a pro forma net cash position of $214 million (excluding convertible debentures)^2,4 and available liquidity of $1,214 million⁴

¹All Operations includes both Continuing Operations and Discontinued Operations (the Brazil mines that were sold in January 2026).
²Cash costs per oz sold, AISC per oz sold, mine-site free cash flow, adjusted net income, adjusted earnings per share, adjusted EBITDA, sustaining expenditures, and net debt are non-IFRS measures. See Non-IFRS Measures and Cautionary Notes.
³Anticipated production growth comes from completion of the Valentine Phase 2 expansion (Canada) and with Castle Mountain (USA), South Railroad (USA), Los Filos (Mexico) and Camino Rojo underground (Mexico) in production and operating in line with expectations outlined in current technical reports, which technical reports are available under the respective SEDAR+ profiles of Equinox Gold (in the case of Valentine, Castle Mountain and Los Filos) and Orla (in the case of South Railroad and Camino Rojo).
⁴Net cash is calculated using combined Equinox Gold and Orla cash of $729 million, as at June 30, 2026, as reported by Equinox Gold and Orla, and drawn debt of $515 million as at July 31, 2026, excluding in-the-money convertible debentures and equipment loans. Pro forma adjustments reflect the repayment of the Orla Term Loan and Revolving Credit Facility but exclude estimated transaction costs that will be reflected in Q3 2026. Available liquidity is calculated as combined $729 million of cash as at June 30, 2026 plus $485 million of undrawn debt on Equinox Gold’s Revolving Credit Facility as at July 31, 2026.

Updated 2026 Guidance Reflects Combined Company

Following completion of the business combination with Orla Mining on July 31, 2026, Equinox Gold is providing updated consolidated guidance for 2026 that reflects five months (August to December 2026) of contribution from Musselwhite and Camino Rojo. For comparative purposes, on a full-year pro forma basis assuming the Equinox Gold and Orla Mining business combination had been completed on January 1, 2026, consolidated 2026 production guidance would have been approximately 1.1 million ounces of gold.

	Consolidated	Greenstone (Jan – Dec)	Musselwhite (Aug – Dec)	Valentine (Jan – Dec)	Nicaragua (Jan – Dec)	Camino Rojo (Aug – Dec)	Mesquite (Jan – Dec)	Project Pipeline
Gold Production (ounces)	870,000 – 920,000	250,000 – 275,000	100,000 – 110,000	140,000 – 150,000	225,000 – 250,000	55,000 – 65,000	70,000 – 80,000	–
Cash Cost¹ ($/ounce)	$1,600 – $1,700	$1,550 – $1,650	$1,200 – $1,300	$1,900 – $2,100	$1,800 – $1,900	$700 – $800	$1,800 – $1,900	–
AISC¹ ($/ounce)	$1,900 – $2,000	$1,900 – $2,000	$1,700 – $1,800	$2,000 – $2,200	$2,000 – $2,100	$950 – $1,050	$2,500 – $2,600	–
Growth Capital² ($ million)	$600 – $650	$145 – $155	$10 – $15	$180 – $200	$115 – $125	$30 – $35	~$10	$105 – $120
Growth Exploration ($ million)	$110 – $120	~$5	$10 – $15	$25 – $30	$25 – $30	0	~$5	$35 – $40
G&A³ ($ million)	$95 – $105	n/a	n/a	n/a	n/a	n/a	n/a	n/a

¹Cash costs per ounce sold and AISC per ounce sold are non-IFRS measures. See Non-IFRS Measures and Cautionary Notes. Consolidated AISC per oz sold excludes corporate general and administrative expenses.
²2026 Growth Capital guidance includes $70-$80M for South Railroad and $35-$40M for Los Filos. Valentine’s Growth Capital includes $50-$60M allocated to Phase 2.
³General and administrative expenses exclude share-based compensation and transaction costs.

2026 updated guidance reflects year-to-date performance and expected production for the balance of the year. The Company anticipates stronger production from its Canadian operations – Greenstone, Musselwhite and Valentine – in the second half of 2026, driving improved consolidated AISC for the remainder of 2026. Equinox Gold maintains strong margins, with updated consolidated cash cost guidance of $1,600-$1,700/oz and AISC guidance of $1,900-$2,000/oz. Cash cost and AISC guidance ranges by asset have been revised to reflect year-to-date results and the impact of higher fuel prices.

Equinox Gold will continue to advance its portfolio of organic growth projects, with $105-$120 million in growth capital allocated to studies, engineering, procurement and construction. This includes $70-$80 million at South Railroad in the United States, where the Company anticipates receiving a Federal Record of Decision, a key permitting milestone, in August 2026; and $35-$40 million at Los Filos in Mexico. In addition, updated guidance includes $50-$60 million of growth capital for the Valentine Phase 2 expansion, which was not included in the Company’s original 2026 guidance. As a result, the Company’s consolidated 2026 growth capital guidance is $600-$650 million.

Consolidated Operational and Financial Highlights – Operating Data

		Three months ended			Six months ended
*Operating data*	Unit	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Gold produced from operating assets included in Guidance⁽¹⁾	oz	175,321	181,856	219,122	357,177	401,211
Less: Gold produced from Calibre Assets before close of Calibre Acquisition	oz	—	—	(71,743)	—	(143,282)
Add: Gold produced from assets not included in Guidance⁽¹⁾	oz	1,515	15,772	3,470	17,287	38,210
Gold produced – All Operations	oz	176,836	197,628	150,849	374,464	296,139
Gold produced – Continuing Operations	oz	176,836	184,155	87,148	360,991	178,607
Gold produced – Discontinued Operations	oz	—	13,473	63,701	13,473	117,531
Gold sold – All Operations	oz	177,959	199,217	148,938	377,176	296,858
Gold sold – Continuing Operations	oz	177,959	183,960	88,453	361,920	180,921
Gold sold – Discontinued Operations	oz	—	15,257	60,485	15,257	115,937
Average realized gold price – All Operations	$/oz	4,256	4,604	3,207	4,440	3,033
Average realized gold price – Continuing Operations	$/oz	4,256	4,630	3,224	4,446	3,042
Average realized gold price – Discontinued Operations	$/oz	N/A	4,285	3,182	4,285	3,019
Cash costs per oz sold – All Operations⁽²⁾⁽³⁾	$/oz	1,816	1,633	1,480	1,719	1,625
Cash costs per oz sold – All Operations, excluding Los Filos^(2)(3)(4)	$/oz	1,816	1,633	1,480	1,719	1,548
Cash costs per oz sold – Continuing Operations⁽³⁾	$/oz	1,816	1,601	1,401	1,707	1,603
Cash costs per oz sold – Discontinued Operations	$/oz	N/A	2,010	1,589	2,010	1,657
AISC per oz sold – All Operations⁽²⁾⁽³⁾	$/oz	2,175	1,950	1,961	2,057	2,013
AISC per oz sold – All Operations, excluding Los Filos^(2)(3)(4)	$/oz	2,175	1,950	1,961	2,057	2,013
AISC per oz sold – Continuing Operations⁽³⁾	$/oz	2,175	1,908	1,859	2,040	1,932
AISC per oz sold – Discontinued Operations	$/oz	N/A	2,452	2,103	2,452	2,134

1. The Brazil Operations, Los Filos and Castle Mountain are excluded from the 2026 Guidance. Valentine, Los Filos and Castle Mountain were excluded from the 2025 production and cost guidance issued in June 2025 (“2025 Guidance”). References to 2025 Guidance and 2026 Guidance for the respective periods are interchangeably referred to as “Guidance”.
2. Cash costs per oz sold and AISC per oz sold are non-IFRS measures. See Non-IFRS Measures and Cautionary Notes.
3. Consolidated cash costs per oz sold and AISC per oz sold exclude Castle Mountain’s results after August 2024 when residual leaching commenced (see Development Projects) and Los Filos’ results after March 2025 when operations were indefinitely suspended on April 1, 2025 (see Development Projects). Consolidated cash costs per oz sold and AISC per oz sold include Valentine commencing December 2025 after the mine achieved commercial production. Consolidated AISC per oz sold excludes corporate general and administration expenses.
4. Consolidated cash costs per oz sold and AISC per oz sold for Q1 2025 have been adjusted to exclude the results from Los Filos which were excluded from 2025 Guidance.
5. Numbers in tables throughout this news release may not sum due to rounding.

Consolidated Operational and Financial Highlights – Financial Data

		Three months ended			Six months ended
*Financial data*	Unit	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Revenue	M$	769.8	861.6	285.8	1,631.4	551.5
Income from mine operations	M$	301.7	438.8	99.9	740.5	118.7
Net income (loss)	M$	230.6	310.1	23.8	540.7	(51.6)
Net income (loss) – Continuing Operations	M$	218.6	187.2	(28.4)	405.8	(106.9)
Net income – Discontinued Operations	M$	12.0	122.9	52.3	135.0	55.3
Earnings (loss) per share (basic)	$/share	0.29	0.39	0.05	0.68	(0.11)
Earnings (loss) per share (basic) – Continuing Operations	$/share	0.27	0.24	(0.06)	0.51	(0.22)
Earnings per share (basic) – Discontinued Operations	$/share	0.02	0.16	0.10	0.17	0.12
Adjusted EBITDA – All Operations⁽¹⁾	M$	358.3	527.2	199.1	885.5	340.6
Adjusted EBITDA – Continuing Operations	M$	358.3	493.0	105.8	851.3	187.2
Adjusted EBITDA – Discontinued Operations	M$	—	34.2	93.3	34.2	153.4
Adjusted net income – All Operations⁽¹⁾	M$	123.3	234.0	42.5	357.3	8.6
Adjusted net income (loss) – Continuing Operations	M$	123.3	217.2	(6.6)	340.5	(44.9)
Adjusted net income – Discontinued Operations	M$	—	16.8	49.1	16.8	53.5
Adjusted EPS – All Operations⁽¹⁾	$/share	0.16	0.30	0.09	0.45	0.02
Adjusted EPS – Continuing Operations	$/share	0.16	0.28	(0.01)	0.43	(0.09)
Adjusted EPS – Discontinued Operations	$/share	—	0.02	0.10	0.02	0.11
*Balance sheet and cash flow data*
Cash and cash equivalents (unrestricted)	M$	317.8	363.0	406.7	317.8	406.7
Net debt⁽³⁾	M$	265.2	251.8	1,373.7	265.2	1,373.7
Operating cash flow before changes in non-cash working capital	M$	272.0	341.0	126.0	613.0	199.3
*Share capital*

Basic weighted average shares outstanding	790.0	788.6	499.4		789.4	477.7
Diluted weighted average shares outstanding	829.9	825.8	506.1		829.9	477.7

Adjusted EBITDA, adjusted net income, adjusted EPS and net debt are non-IFRS measures. See Non-IFRS Measures and Cautionary Notes.
Numbers in tables throughout this news release may not sum due to rounding.
Net debt in the MD&A and financial statements includes convertible debentures as per IFRS, whereas convertible debentures have been excluded from the highlight bullets earlier in this news release since they are in-the-money and expected to convert to equity.

Additional information regarding the Company’s financial and operating results can be found in the Company’s Q2 2026 Financial Statements and accompanying MD&A. These documents are available for download on the Company’s website at www.equinoxgold.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.

Conference Call and Webcast

The Company will host a conference call and webcast to discuss the results on Thursday, August 6, 2026, commencing at 7:00am PT (10:00am ET). The webcast will be available for replay on Equinox Gold’s website until February 6, 2027.

Conference call
Toll-free in U.S. and Canada: 1-833-752-3366
International callers: +1 647-846-2813

Webcast login
Equinox Gold | Financials

About Equinox Gold

Equinox Gold (TSX: EQX, NYSE-A: EQX) is a Canadian mining company positioned as the new North American senior gold producer with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth. Learn more at www.equinoxgold.com or contact ir@equinoxgold.com.

Equinox Gold Contact

Etienne Morin, Chief Capital Markets Officer
E: etienne.morin@equinoxgold.com
T: +1 604.260.0516

Ingrid Rico, SVP Capital Markets
E: ingrid.rico@equinoxgold.com
T: +1 604.260.0516

Non-IFRS Measures

In this news release, cash costs, cash costs per oz sold, AISC, AISC per oz sold, adjusted net income, adjusted EPS, mine-site free cash flow, adjusted EBITDA, net debt, and sustaining capital expenditures are measures with no standardized meaning under IFRS, i.e. they are non-IFRS measures, and may not be comparable to similar measures presented by other companies. Their measurement and presentation is consistently prepared and is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Numbers presented in the tables below may not sum due to rounding.

Cash Costs and Cash Costs per oz Sold

Cash costs is a common financial performance measure in the gold mining industry; however, it has no standard meaning under IFRS. The Company reports total cash costs on a per oz sold basis. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company’s performance and ability to generate operating income and cash flow from mining operations. Cash costs are calculated as mine site operating costs and are net of costs allocated to by-products. Cash costs are divided by ounces sold to arrive at cash costs per oz sold. In calculating cash costs, the Company deducts costs allocated to by-products as it considers the cost to produce the gold is reduced as a result of the by-product sales incidental to the gold production process, thereby allowing management and other stakeholders to assess the net costs of gold production. The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS.

AISC per oz Sold

The Company uses AISC per oz of gold sold to measure performance. The methodology for calculating AISC was developed internally and is outlined below. Current IFRS measures used in the gold industry, such as operating expenses, do not capture all of the expenditures incurred to discover, develop and sustain gold production. The Company believes AISC per oz sold provides further transparency into costs associated with producing gold and will assist analysts, investors and other stakeholders of the Company in assessing its operating performance, its ability to generate free cash flow from current operations and its overall value. AISC includes cash costs (described above) and also includes sustaining capital expenditures, sustaining lease payments, reclamation cost accretion and amortization and exploration and evaluation costs. This measure seeks to reflect the full cost of gold production from current operations, therefore, expansionary capital and non-sustaining expenditures are excluded.

The following table provides a reconciliation of cash costs per oz of gold sold and AISC per oz of gold sold to the most directly comparable IFRS measure on an aggregate basis:

$’s in millions, except ounce and per oz figures	Three months ended			Six months ended
$’s in millions, except ounce and per oz figures	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Operating expenses	$ 341.6	$ 310.9	$ 133.2	$ 652.5	$ 329.3
Costs allocated to by-products	(12.3)	(9.8)	(0.6)	(22.1)	(1.1)
Fair value adjustment on acquired inventories	(4.8)	(3.9)	1.4	(8.7)	(2.2)
Non-recurring charges recognized in operating expenses⁽¹⁾	—	—	(10.7)	—	(36.8)
Pre-commercial production and development stage operating expenses⁽²⁾	(4.1)	(6.4)	(6.0)	(10.5)	(12.0)
Total cash costs – Continuing Operations	320.4	290.8	117.3	611.2	277.3
Total cash costs – Discontinued Operations⁽³⁾	—	30.7	96.1	30.7	192.1
Total cash costs – All Operations	$ 320.4	321.5	213.4	$ 641.9	469.4
Gold oz sold – Continuing Operations	177,959	183,960	88,453	361,920	180,921
Less: gold oz sold during pre-commercial production period and development stage⁽²⁾	(1,517)	(2,293)	(4,713)	(3,810)	(7,935)
Adjusted gold oz sold – Continuing Operations	176,442	181,667	83,740	358,110	172,986
Gold oz sold – Discontinued Operations	—	15,257	60,485	15,257	115,937
Adjusted gold oz sold – All Operations	176,442	196,924	144,225	373,367	288,923
Cash costs per gold oz sold – Continuing Operations	$ 1,816	$ 1,601	$ 1,401	$ 1,707	$ 1,603
Cash costs per gold oz sold – Discontinued Operations	$ —	$ 2,010	$ 1,589	$ 2,010	$ 1,657
Cash costs per gold oz sold – All Operations	$ 1,816	$ 1,633	$ 1,480	$ 1,719	$ 1,625
Total cash costs – Continuing Operations	$ 320.4	$ 290.8	$ 117.3	$ 611.2	$ 277.3
Sustaining capital	59.1	53.0	35.6	112.1	51.9
Sustaining lease payments	0.1	0.1	0.2	0.3	0.4
Reclamation expense	4.4	4.1	4.2	8.5	6.4
Sustaining exploration expense	1.4	—	—	1.4	—
Pre-commercial production and development stage sustaining expenditures⁽²⁾	(1.6)	(1.4)	(1.7)	(3.0)	(1.9)
Total AISC – Continuing Operations	383.8	346.7	155.6	730.5	334.2
Total AISC – Discontinued Operations⁽³⁾	—	37.4	127.2	37.4	247.4
Total AISC – All Operations	$ 383.8	384.1	282.8	$ 767.9	581.6
AISC per gold oz sold – Continuing Operations	$ 2,175	$ 1,908	$ 1,859	$ 2,040	$ 1,932
AISC per gold oz sold – Discontinued Operations	$ —	$ 2,452	$ 2,103	$ 2,452	$ 2,134
AISC per gold oz sold – All Operations	$ 2,175	$ 1,950	$ 1,961	$ 2,057	$ 2,013

1. Non-recurring charges recognized in operating expenses relates to a write-down of heap leach ore at Los Filos driven by the indefinite suspension of operations on April 1, 2025.
2. Consolidated cash cost per oz sold and AISC per oz sold exclude Castle Mountain results after August 31, 2024 when residual leaching commenced, Los Filos results after March 31, 2025 as operations were indefinitely suspended on April 1, 2025 and Valentine results for the period prior to December 2025 after the mine achieved commercial production. Consolidated AISC per oz sold excludes corporate general and administration expenses.
3. See table below.

The following table provides a reconciliation of total cash costs and AISC from Discontinued Operations:

$’s in millions	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Discontinued Operations:
Operating expenses	$ —	$ 31.8	$ 96.4	$ 31.8	$ 192.9
Less: costs allocated to by-products	—	(1.2)	(0.3)	(1.2)	(0.8)
Total cash costs	—	30.7	96.1	$ 30.7	$ 192.1
Sustaining capital	—	5.6	26.5	5.6	47.7
Sustaining lease payments	—	0.9	2.7	0.9	4.4
Reclamation expense	—	0.3	1.8	0.3	3.2
Total AISC	$ —	$ 37.4	$ 127.2	$ 37.4	$ 247.4

Sustaining Capital and Sustaining Expenditures

The following table provides a reconciliation of sustaining capital expenditures to the Company’s total capital expenditures for Continuing Operations:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Capital additions to mineral properties, plant and equipment⁽¹⁾	$ 197.5	$ 167.4	$ 118.2	$ 364.9	$ 210.8
Less: Non-sustaining capital at operating sites	(128.6)	(102.4)	(17.9)	(231.1)	(59.0)
Less: Non-sustaining capital associated with pre-commercial production period and development projects⁽³⁾	(8.4)	(3.3)	(16.2)	(11.7)	(16.2)
Less: Sustaining capital associated with pre-commercial production period and development projects⁽³⁾	(0.2)	—	—	(0.2)	(1.7)
Less: Non-cash additions⁽²⁾	(1.1)	(3.1)	(22.0)	(4.2)	(34.4)
Sustaining capital – All Operations	59.1	58.6	62.1	117.7	99.6
Sustaining capital – Discontinued Operations⁽⁴⁾	—	5.6	26.5	5.6	47.7
Sustaining capital – Continuing Operations	$ 59.1	$ 53.0	$ 35.6	$ 112.1	$ 51.9
Sustaining capital – All Operations	$ 59.1	$ 58.6	$ 62.1	$ 117.7	$ 99.6
Add: Sustaining lease payments	0.1	1.0	2.9	1.2	4.8
Add: Sustaining reclamation expense	4.4	4.4	6.0	8.8	9.5
Add: Sustaining exploration expense	1.4	—	—	1.4	–
Less: Sustaining expenditures associated with pre-commercial production period and development projects⁽³⁾	(1.6)	(1.4)	(1.7)	(3.0)	(1.7)
Sustaining expenditures – consolidated	63.5	62.6	69.4	126.1	112.2
Sustaining expenditures – operating mine sites – Discontinued Operations⁽⁴⁾	—	6.7	31.1	6.7	55.3
Sustaining expenditures – operating mine sites – Continuing Operations	$ 63.5	$ 55.9	$ 38.3	$ 119.3	$ 56.9

1. Per note 6 of the consolidated financial statements. Capital additions exclude non-cash changes to reclamation assets arising from changes in discount rate and inflation rate assumptions in the reclamation provision.
2. Non-cash additions include right-of-use assets associated with leases recognized in the period, capitalized depreciation for deferred stripping activities, and capitalized non-cash share-based compensation.
3. Relates to Castle Mountain after August 2024 when residual leaching commenced, Los Filos after March 2025 as operations were indefinitely suspended on April 1, 2025 and Valentine for the period prior to December 2025 after the mine achieved commercial production.
4. See table below.

The following table provides a reconciliation of sustaining capital and sustaining expenditures from Discontinued Operations:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Discontinued Operations:
Capital additions to mineral properties, plant and equipment	$ —	$ 6.4	$ 37.5	$ 6.4	$ 72.8
Less: Non-sustaining capital	—	(0.6)	(2.6)	(0.6)	(10.6)
Less: Non-cash additions	—	(0.1)	(8.3)	(0.1)	(14.5)
Sustaining capital	—	5.6	26.5	5.6	47.7
Add: Sustaining lease payments	—	0.9	2.7	0.9	4.4
Add: Sustaining reclamation expense	—	0.3	1.8	0.3	3.2
Add: Sustaining exploration expense	—	—	—	—	—
Sustaining expenditures – operating mine sites	$ —	$ 6.7	$ 31.1	$ 6.7	$ 55.3

Total Mine-Site Free Cash Flow

The following table provides a reconciliation of mine-site free cash flow to the most directly comparable IFRS measure on an aggregate basis:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Operating cash flow before non-cash changes in working capital	$ 272.0	$ 341.0	$ 126.0	$ 613.0	$ 199.3
Fair value adjustments on acquired inventories	4.8	3.9	(1.4)	8.7	2.2
Non-recurring charges recognized in operating expenses⁽¹⁾	—	—	10.7	—	36.8
Operating cash flow used by non-mine site activity⁽²⁾	148.9	237.9	106.9	386.8	146.8
Cash flow from operating mine sites – All Operations	$ 425.8	$ 582.7	$ 242.1	$ 1,008.5	$ 385.0
Cash flow from operating mine sites – Discontinued Operations⁽³⁾	$ —	$ 20.7	$ 91.6	$ 20.7	$ 143.3
Cash flow from operating mine sites – Continuing Operations	$ 425.8	562.0	150.5	$ 987.8	241.7
Cash flow from operating mine sites – All Operations	$ 425.8	$ 582.7	$ 242.1	$ 1,008.5	$ 385.0
Less: Capital expenditures from operating mine sites
Mineral property, plant and equipment additions	197.5	167.4	118.2	364.9	210.8
Capital expenditures relating to pre-commercial production and development projects, corporate and other non-cash additions	(9.8)	(6.4)	(38.2)	(16.1)	(52.2)
Less: Capital expenditure from operating mine sites – All Operations	187.7	161.0	80.0	348.8	158.6
Less: Lease payments related to non-sustaining capital items	7.8	6.2	5.4	14.1	10.2
Less: Non-sustaining exploration expense	6.5	6.6	2.1	13.1	3.9
Total mine-site free cash flow before changes in working capital – All Operations	$ 223.7	$ 408.9	$ 154.5	$ 632.6	$ 212.2
Total mine-site free cash flow before changes in working capital – Discontinued Operations⁽³⁾	$ —	$ 14.5	$ 62.4	$ 14.5	$ 85.0
Total mine-site free cash flow before changes in working capital – Continuing Operations	$ 223.7	$ 394.3	$ 92.1	$ 618.0	$ 127.2
Increase in non-cash working capital – All Operations	(68.6)	(104.2)	6.9	(172.8)	(11.9)
Total mine-site free cash flow after changes in non-cash working capital – All Operations	$ 155.1	$ 304.7	$ 161.4	$ 459.8	$ 200.3

1. Non-recurring charges recognized in operating expenses for the three and six months ended June 30, 2025 include a write-down of heap leach ore at Los Filos driven by the indefinite suspension of operations on April 1, 2025.
2. Includes taxes paid and proceeds from gold prepayments that are not factored into mine-site free cash flow and are included in operating cash flow before non-cash changes in working capital in the statement of cash flows.
3. See table below.

The following table provides a reconciliation of mine site free cash flow after changes in working capital from Discontinued Operations:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Discontinued Operations:
Operating cash flow before non-cash changes in working capital	$ —	$ 20.7	$ 91.6	20.7	143.3
Less: Capital expenditures from operating mine sites	—	6.2	29.2	6.2	58.3
Total mine site free cash flow before changes in working capital	—	14.5	62.4	$ 14.5	$ 85.0
Increase in non-cash operating working capital	—	(17.9)	(7.7)	$ (17.9)	$ (18.9)
Total mine site free cash flow after changes in working capital	$ —	$ (3.3)	$ 54.7	$ (3.3)	$ 66.1

EBITDA and Adjusted EBITDA

The following tables provide the calculation of EBITDA and adjusted EBITDA, as calculated by the Company:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Continuing Operations:
Net income (loss) – Continuing Operations	$ 218.6	$ 187.2	$ (28.4)	$ 405.8	$ (106.9)
Income tax expense	87.0	126.8	30.7	213.8	39.7
Depreciation and depletion	130.3	116.1	59.1	246.4	110.1
Finance costs	12.1	31.7	43.9	43.8	90.4
Finance income	(2.7)	(4.2)	(2.4)	(6.9)	(4.2)
EBITDA – Continuing Operations	$ 445.3	$ 457.6	$ 102.9	$ 902.9	$ 128.9
Non-cash share-based compensation	2.0	1.8	4.4	3.7	7.3
Unrealized (gain) loss on gold contracts	(35.9)	(10.9)	(10.6)	(46.8)	16.4
Unrealized loss (gain) on foreign exchange contracts	4.8	10.9	(30.2)	15.8	(64.6)
Unrealized foreign exchange (gain) loss	(3.7)	(8.8)	6.0	(12.5)	4.0
Change in fair value of Greenstone Contingent Consideration	(10.4)	4.1	6.1	(6.3)	21.1
Change in fair value of 2025 Convertible Notes conversion option	(18.6)	1.7	—	(16.9)	—
Change in fair value of Equinox Gold warrant liability	(13.6)	(2.0)		(15.6)	—
Net (gain) loss on modification and extinguishment of debt	(18.2)	32.6	—	14.4	—
Other (income) expense	(2.4)	1.7	(0.1)	(0.7)	1.9
Transaction and integration costs	4.2	0.3	9.0	4.6	12.3
Fair value adjustments on acquired inventories	4.8	3.9	(1.4)	8.7	2.2
Non-recurring charges recognized in operating expense⁽¹⁾	—	—	11.7	—	40.2
Non-recurring charges recognized in care and maintenance expense	—	—	8.1	—	17.5
Adjusted EBITDA – Continuing Operations	$ 358.3	$ 493.0	$ 105.8	$ 851.3	$ 187.2
Adjusted EBITDA – Discontinued Operations⁽²⁾	$ —	$ 34.2	$ 93.3	$ 34.2	$ 153.4
Adjusted EBITDA – All Operations	$ 358.3	$ 527.2	$ 199.1	$ 885.5	$ 340.6

The following table provides a reconciliation of adjusted EBITDA from Discontinued Operations:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Discontinued Operations:
Net income	$ 12.0	$ 122.9	$ 52.3	$ 135.0	$ 55.3
Income tax expense	—	9.1	(5.2)	9.1	(3.6)
Depreciation and depletion	—	—	36.5	—	83.1
Finance costs	—	0.4	1.4	0.4	3.3
Finance income	—	—	(0.1)	—	(0.4)
EBITDA – Discontinued Operations	$ 12.0	$ 132.5	$ 84.8	$ 144.5	$ 137.8
Non-cash share-based compensation	—	—	0.1	—	0.1
Unrealized foreign exchange (gain) loss	—	7.2	5.7	7.2	13.7
Gain on sale of Brazil Operations	(12.0)	(105.6)		(117.7)	—
Other (income) expense	—	0.1	2.7	0.1	1.8
Adjusted EBITDA – Discontinued Operations	$ —	$ 34.2	$ 93.3	$ 34.2	$ 153.4

Adjusted Net Income and Adjusted EPS

The following table provides the calculation of adjusted net income and adjusted EPS, as adjusted and calculated by the Company:

	Three months ended			Six months ended
$’s and shares in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Net income (loss) attributable to Equinox Gold shareholders – continuing operations	$ 218.6	$ 187.2	$ (28.4)	$ 405.8	$ (106.9)
Add (deduct):
Non-cash share-based compensation	2.0	1.8	4.4	3.7	7.3
Unrealized (gain) loss on gold contracts	(35.9)	(10.9)	(10.6)	(46.8)	16.4
Unrealized loss (gain) on foreign exchange contracts	4.8	10.9	(30.2)	15.8	(64.6)
Unrealized foreign exchange loss (gain)	(3.7)	(8.8)	6.0	(12.5)	4.0
Change in fair value of Greenstone Contingent Consideration	(10.4)	4.1	6.1	(6.3)	21.1
Change in fair value of 2025 Convertible Notes conversion option	(18.6)	1.7	—	(16.9)	—
Change in fair value of warrant liability	(13.6)	(2.0)	—	(15.6)	—
Net (gain) loss on modification and extinguishment of debt	(18.2)	32.6	—	14.4	—
Other (income) expense	(2.4)	1.7	(0.1)	(0.7)	1.9
Transaction costs	4.2	0.3	9.0	4.6	13.1
Fair value adjustments on acquired inventories	4.8	3.9	(1.4)	8.7	2.2
Non-recurring charges recognized in operating expense⁽¹⁾	—	—	11.7	—	40.2
Non-recurring charges recognized in care and maintenance expense	—	—	8.1	—	17.5
Non-recurring charge recognized in tax expense	—	(1.2)	21.3	(1.2)	6.5
Income tax impact related to above adjustments	(1.2)	(5.6)	(2.1)	(6.8)	(1.7)
Unrealized foreign exchange loss (gain) recognized in deferred tax expense	(7.1)	1.4	(0.2)	(5.6)	(1.8)
Adjusted net income (loss) – Continuing Operations	$ 123.3	$ 217.2	$ (6.6)	$ 340.5	$ (44.9)
Adjusted net income – Discontinued Operations⁽²⁾	—	16.8	49.1	16.8	53.5
Adjusted net income – All Operations	$ 123.3	$ 234.0	$ 42.5	$ 357.3	$ 8.6
Basic weighted average shares outstanding	790.0	788.6	499.4	789.4	477.7
Diluted weighted average shares outstanding	829.9	825.8	506.1	829.9	477.7
Adjusted EPS – Continuing Operations
Per share – basic ($/share)	$0.16	$0.28	$(0.01)	$0.43	$(0.09)
Per share – diluted ($/share)	$0.15	$0.26	$(0.01)	$0.41	$(0.09)
Adjusted EPS – Discontinued Operations
Per share – basic ($/share)	$0.00	$0.02	$0.10	$0.02	$0.11
Per share – diluted ($/share)	$0.00	$0.02	$0.10	$0.02	$0.11
Adjusted EPS – All Operations
Per share – basic ($/share)	$0.16	$0.30	$0.09	$0.45	$0.02
Per share – diluted ($/share)	$0.15	$0.28	$0.08	$0.43	$0.02

The following table provides a reconciliation of adjusted net income from Discontinued Operations:

	Three months ended			Six months ended
$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025	June 30, 2026	June 30, 2025
Discontinued Operations:
Net income attributable to Equinox Gold shareholders – Discontinued Operations	$ 12.0	$ 122.9	$ 52.3	$ 135.0	$ 55.3
Add (deduct):
Non-cash share-based compensation	—	—	0.1	—	0.1
Unrealized foreign exchange loss (gain)	—	7.2	5.7	7.2	13.7
Gain on sale of Brazil Operations	(12.0)	(105.6)	—	(117.7)	—
Other expense (income)	—	0.1	2.7	0.1	1.8
Income tax impact related to above adjustments	—	(1.2)	(1.7)	(1.2)	(2.5)
Unrealized foreign exchange (gain) loss recognized in deferred tax expense	—	(6.7)	(9.9)	(6.7)	(15.0)
Adjusted net income – Discontinued Operations	$ —	$ 16.8	$ 49.1	$ 16.8	$ 53.5

Net Debt

A reconciliation of net debt is provided below.

$’s in millions	June 30, 2026	March 31, 2026	June 30, 2025
Current portion of loans and borrowings	$ 29.1	$ 29.1	$ 220.3
Non-current portion of loans and borrowings	553.9	585.6	$ 1,560.0
Total debt	583.0	614.7	$ 1,780.3
Less: Cash and cash equivalents (unrestricted)	(317.8)	(363.0)	$ (406.7)
Net debt	$ 265.2	$ 251.8	$ 1,373.7

Cautionary Notes and Forward-looking Statements

Forward-looking Information is typically identified by words such as “believe”, “will”, “achieve”, “grow”, “plan”, “expect”, “estimate”, “anticipate”, “target”, “advance”, “increase”, and similar terms, including variations like “may”, “could”, or “should”, or the negative connotation of such terms. While the Company believes these expectations are reasonable, they are not guarantees and undue reliance should not be placed on them.

Forward-looking Information is based on the Company’s current expectations and assumptions, including: achievement of the expected benefits of the transaction with Orla Mining; achievement of exploration, production, cost and development goals; achieving design capacity at Greenstone and Valentine operations; successful implementation of the Phase 2 expansion at Valentine; the restart of Los Filos; timely receipt of South Railroad permitting; stable gold prices and input costs; availability of funding, accuracy of Mineral Reserve and Mineral Resource estimates; statements relating to the distribution of dividends to shareholders of the Company; the periodic review of, and changes to, the Company’s dividend policy; the declaration and payment of future dividends; adherence to mine plans and schedules; expected ore grades and recoveries; absence of labour disruptions or unplanned delays; productive relationships with workers, unions and communities; maintenance and timely receipt of new permits and regulatory approvals; geopolitical stability; compliance with environmental and safety regulations; and constructive engagement with Indigenous and community partners. While the Company considers these assumptions reasonable, they may prove incorrect.

Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include those described in the section “Risk Factors” in the Company’s Management Information Circular dated June 19, 2026, in the section “Risk Factors” in the Company’s MD&A dated February 20, 2026 for the year ended December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking Information reflects management’s current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting Forward-looking Information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

Technical Information

The scientific and technical information contained in this news release was approved by Matthew MacPhail, P.Eng., Executive Vice President, Technical Services for Equinox Gold and a “Qualified Person” under National Instrument 43-101.

The post Equinox Gold Delivers Strong Second Quarter Results, Increases 2026 Production Guidance Following Successful Completion of the Orla Mining Merger, Quarterly Dividend Increased by 50% appeared first on Equinox Gold.

Equinox Gold Increases Cash Dividend by 50%; Declares Quarterly Cash Dividend of US$0.0225 per Common Share

rhylin.bailie — Wed, 05 Aug 2026 21:02:29 +0000

Released on

August 5, 2026

Equinox Gold Increases Cash Dividend by 50%; Declares Quarterly Cash Dividend of US$0.0225 per Common Share

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that its Board of Directors (“Board”) has approved a 50% increase to the Company’s cash dividend, which will amount to US$0.09 per common share on an annualized basis.

The Board of Directors has also approved the Company’s quarterly dividend for the second quarter of 2026. The quarterly cash dividend of US$0.0225 per common share is payable on September 2, 2026, to shareholders of record as at the close of business on August 19, 2026.

The dividend is designated as an “eligible dividend” for Canadian income tax purposes. The declaration, amount, and payment of future dividends remain subject to the discretion of the Board and will depend upon the Company’s financial results, capital requirements, business conditions, compliance with applicable legal and debt covenant requirements and other factors considered relevant. The Company will review its dividend policy on an ongoing basis and may amend it at any time.

Equinox Gold Contact

Etienne Morin, Chief Capital Markets Officer
E: etienne.morin@equinoxgold.com
T: +1 604.260.0516

Ingrid Rico, SVP Capital Markets
E: ingrid.rico@equinoxgold.com
T: +1 604.260.0516

Cautionary Notes and Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). Forward-looking Information in this news release relates to the Company’s amended dividend policy, including the expected amount of any future quarterly dividend. Forward‑looking Information is generally identified by words such as “will”, “future”, and similar expressions, or statements that actions, events or results “may”, “could” or “should” occur. Although the Company believes the expectations reflected in the Forward‑looking Information are reasonable, readers are cautioned not to put undue reliance on Forward-looking Information as actual results may differ materially. Forward-looking Information in this news release is based on the Company’s current expectations and projections about future events and these assumptions include: Equinox Gold’s ability to achieve the production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; and availability of funds for the Company’s projects and future cash requirements, including for any dividend. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. These factors include those described in the section “Risk Factors” in the Company’s Management Information Circular dated June 19, 2026, in the section “Risk Factors” in the Company’s most recent MD&A, and in the section “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form, each available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward‑looking Information reflects management’s current expectations and assumptions and is subject to change. Except as required by applicable law, the Company undertakes no obligation to update or publicly revise any Forward‑looking Information, whether because of new information, future events or otherwise. No inference should be drawn from any update that the Company will make further updates. All Forward‑looking Information in this news release is expressly qualified by this cautionary statement.

The post Equinox Gold Increases Cash Dividend by 50%; Declares Quarterly Cash Dividend of US$0.0225 per Common Share appeared first on Equinox Gold.

Equinox Gold and Orla Mining Complete Business Combination, Creating North America’s New Senior Gold Producer

rhylin.bailie — Fri, 31 Jul 2026 07:07:18 +0000

Released on

July 31, 2026

Equinox Gold and Orla Mining Complete Business Combination, Creating North America’s New Senior Gold Producer

Download

Combined company anticipated to produce 1.1 million ounces of gold annually
Clear path to more than 1.9 million ounces through high-quality North American growth projects
Planned Chief Executive Officer succession positions the Company for its next phase of growth

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) and Orla Mining Ltd. (TSX: OLA; NYSE American: ORLA) are pleased to announce the successful completion of their previously announced business combination (the “Transaction”), creating North America’s new senior gold producer. The combined company is expected to produce approximately 1.1 million ounces of gold annually¹, with a clear path to more than 1.9 million ounces² as its high-quality North American growth projects are developed. The combined company brings together a portfolio of high-quality producing mines, a peer-leading pipeline of growth projects, substantial free cash flow generation and highly experienced leadership and technical teams.

Upon closing of the transaction, Ross Beaty has stepped down as Chairman of the Board and has been appointed Chairman Emeritus and Special Advisor to the Board. Chuck Jeannes has been appointed incoming Chairman of the Board.

Ross Beaty, retiring Chairman of Equinox Gold, stated: “When we founded Equinox Gold just over eight years ago, we set out to build a company that would become a leading gold producer. It has been immensely rewarding to see that vision take shape, culminating in our combination with Orla, which now positions Equinox Gold as a senior gold mining company with tremendous potential for further growth. While I am stepping down as Chairman, I am not stepping away, and I look forward to contributing to the company’s continued success as Special Advisor to the Board. I want to sincerely thank my fellow directors, our employees, our shareholders, and the communities where we operate for their trust and support. Building companies is always a team effort. I am proud of what we have accomplished together and excited to see the Company continue to grow, create value, and seize the opportunities ahead.”

Chuck Jeannes, incoming Chairman of Equinox Gold, commented: “The completion of this combination marks the beginning of an exciting new chapter for Equinox Gold. Together, we have created North America’s new senior gold producer with over 60% of production coming from three long-life mines in Canada, complemented by a portfolio of high-quality operations, a compelling pipeline of growth projects and the financial strength to create long-term value for all shareholders. I am honoured to assume the role of Chairman at this important moment in the Company’s evolution.

“Realizing the full potential of this combination requires stability in leadership. Following the extraordinary growth Equinox Gold has achieved over the past year and the successful completion of this transformational combination, it is essential the Company enter its next chapter with a leadership team committed to guiding the business over the long term.

“In this context, Darren Hall has decided to retire from Equinox Gold effective October 31, 2026. Darren has played a critical role during an extraordinary period of growth and transformation for the Company, culminating in the completion of this combination and the creation of a stronger, more diversified North American senior gold producer. Over the next three months Darren will work closely with Jason Simpson to ensure a smooth and orderly transition, after which Jason will assume the role of Chief Executive Officer. On behalf of the Board, I want to thank Darren for his exceptional leadership and the important role he has played in helping transform Equinox Gold into the company it is today.

“Having worked closely with Jason during a sustained period of growth and success at Orla, I have every confidence in Jason’s ability to lead Equinox Gold through this next chapter. He understands the business and has earned the respect of teams across the organization, and shares an unwavering commitment to our values, our people and our long-term vision. Jason brings the leadership, discipline, ambition and experience required to capitalize on the many opportunities ahead and I am excited to see the Company continue to grow and succeed under his leadership.

“I also want to thank Ross Beaty for his leadership, vision and countless contributions as the founder of Equinox Gold. His continued involvement as Special Advisor to the Board will provide valuable continuity as we move forward.

“Equinox Gold enters the next phase from a position of strength, with a diversified portfolio of high-quality assets, an unmatched pipeline of growth opportunities, and with the team and financial capacity to execute on this incredible opportunity for value creation. I look forward to working with my fellow directors, management and employees to build on the strengths of both companies, execute our strategy and realize the significant opportunities this combination has created.”

Darren Hall, CEO of Equinox Gold, commented: “Building Equinox Gold into a senior producer has been the privilege of my career. I am proud of what this team has accomplished together, and am confident Jason will lead the company through an exceptional next chapter. This is the right moment for this transition, and I leave knowing the Company is in very good hands.”

Equinox Gold’s reconstituted Board now consists of: Chuck Jeannes (Chairman), Lenard Boggio (Lead Director), Tamara Brown, Omaya Elguindi, Douglas Forster, Darren Hall (CEO), Blayne Johnson, Rob Krcmarov, Jason Simpson (President), David Stephens and Mike Vint.

Equinox Gold will provide additional information about the proforma benefits of the Transaction, including consolidated 2026 guidance, when it reports its second quarter financial and operating results after market on Wednesday, August 5, 2026.

Equinox Gold intends to cause Orla to (i) delist the Orla shares from the Toronto Stock Exchange and NYSE American Stock Exchange, (ii) apply to cease to be a reporting issuer, and (iii) otherwise terminate its public company reporting requirements as soon as possible.

Orla shares held in online trading accounts or in brokerage accounts will update automatically to reflect the receipt of Equinox Gold shares, generally within two weeks of closing. Orla shareholders who hold physical share certificates or DRS Statements must submit a Letter of Transmittal to Equinox Gold’s transfer agent, Computershare Investor Services Inc., to receive their Equinox Gold shares. Additional information regarding the process of receiving Equinox Gold shares is available on Equinox Gold’s website at www.equinoxgold.com or by emailing ir@equinoxgold.com.

BMO Capital Markets acted as financial advisor to Equinox Gold for the Transaction and provided a fairness opinion to the Equinox Gold board of directors. CIBC World Markets Inc. provided a fixed fee fairness opinion to the board of directors of Equinox Gold. Blake, Cassels & Graydon LLP acted as Canadian legal advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as U.S. legal advisor.

Trinity Advisors Corporation acted as financial advisor to Orla for the Transaction. Scotiabank acted as financial advisor to Orla’s Special Committee, and Scotiabank and Fort Capital provided fixed fee fairness opinions to the Orla Special Committee. Stifel Nicolaus Canada Inc. and Edgehill Advisory Ltd. acted as capital markets advisors to Orla for the Transaction. Cassels Brock & Blackwell LLP acted as Canadian legal advisor to Orla, Crowell & Moring LLP acted as U.S. legal advisor and Fasken Martineau DuMoulin LLP acted as Canadian legal advisor to the Orla Special Committee

1. Mid-point of Equinox Gold’s and Orla’s 2026 guidance, on a full-year basis, as further detailed in the Equinox Gold news release dated January 14, 2026 and the Orla news release dated January 20, 2026, respectively.
2. Anticipated production growth comes from completion of the Valentine Phase 2 expansion (Canada) and with Castle Mountain (USA), South Railroad (USA), Los Filos (Mexico) and Camino Rojo underground (Mexico) in production and operating in line with expectations outlined in current technical reports, which technical reports are available under the respective SEDAR+ profiles of Equinox Gold (in the case of Valentine, Castle Mountain and Los Filos) and Orla (in the case of South Railroad and Camino

Equinox Gold Contacts

Etienne Morin, Chief Capital Markets Officer
T: 778.558.3141
E: etienne.morin@equinoxgold.com
E: ir@equinoxgold.com

Ingrid Rico, SVP Capital Markets
T: 647.835.7913
E: ingrid.rico@equinoxgold.com

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). All statements other than statements of historical fact may be Forward-looking Information. Forward-looking Information in this news release relates to, among other things: statements about the Company’s anticipated gold production; delisting of Orla shares and termination of Orla public company reporting requirements following closing of the Transaction; and anticipated changes in management of the Company. Actual results and outcomes may vary from the information set out in any Forward-looking Information. Forward-looking Information is generally identified using words like “will”, “anticipate”, “expect”, and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative connotation of such terms, are intended to identify Forward-looking Information. Although Equinox Gold believes the expectations reflected in the Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Equinox Gold as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-looking Information. Forward-looking Information involves numerous risks and uncertainties. Such factors include, without limitation: the ability to achieve the anticipated benefits of the Transaction; risks relating to changes in the gold price; risks related to new members of management and the Board of Directors of the combined company; the ability to work successfully with First Nations and Indigenous partners and local communities; and the factors include those described in the section “Risk Factors” in the Company’s Management Information Circular dated June 19, 2026, in the section titled “Risks and Uncertainties” in the Company’s MD&A dated February 20, 2026 for the year ended December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form, all of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking Information is designed to help readers understand Equinox Gold’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Equinox Gold assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that Equinox Gold will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified in its entirety by this cautionary statement.

The post Equinox Gold and Orla Mining Complete Business Combination, Creating North America’s New Senior Gold Producer appeared first on Equinox Gold.

Equinox Gold Shareholders Approve Business Combination with Orla Mining

rhylin.bailie — Wed, 22 Jul 2026 19:18:17 +0000

Released on

July 22, 2026

Equinox Gold Shareholders Approve Business Combination with Orla Mining

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that Equinox Gold shareholders have approved the share issuance resolution at a Special Meeting of Shareholders (“Meeting”) held this morning in connection with the proposed business combination (the “Arrangement”) with Orla Mining Ltd. (TSX: OLA; NYSE American: ORLA) (“Orla”).

Anticipated Timeline for Completion of the Arrangement

Orla securityholders also approved the Arrangement at their meeting held earlier today. With approval by Equinox Gold shareholders and Orla securityholders in hand, Orla will seek a final order from the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on, or about July 28, 2026. In addition to court approvals, the Arrangement is subject to applicable regulatory approvals, including both Canadian and Mexican competition authorization, which have both been received, approval of the listing of the Equinox Gold common shares to be issued under the Arrangement on the Toronto Stock Exchange and NYSE American Exchange, and the satisfaction of certain other closing conditions customary for an Arrangement of this nature. If all conditions are satisfied or waived, the Arrangement is expected to close on July 31, 2026.

Voting Results

The share issuance resolution voted on at the Meeting is described in detail in the Company’s Management Information Circular dated June 19, 2026, which is available on the Company’s website at www.equinoxgold.com. A total of 508,415,718 common shares were represented at the meeting, being 64.43% of the Company’s issued and outstanding common shares.

Resolution	Votes For	Votes Against
To approve the issuance of up to 421,770,377 common shares of the Company in connection with the acquisition by the Company of all the outstanding common shares of Orla	507,548,903 (99.83%)	866,815 (0.17%)

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). All statements other than statements of historical fact may be Forward-looking Information. Forward-looking Information in this news release relates to, among other things: statements about the Company’s ability to complete the conditions required to close the Arrangement; and the timing for closing of the Arrangement. Actual results and outcomes may vary from the information set out in any Forward-looking Information. Forward-looking Information is generally identified using words like “will”, “anticipate”, “expect”, and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative connotation of such terms, are intended to identify Forward-looking Information. Although Equinox Gold believes the expectations reflected in the Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Equinox Gold as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-looking Information. Forward-looking Information involves numerous risks and uncertainties. Such factors include, without limitation: the risk that the Arrangement may not be completed on time or at all; the failure to satisfy the conditions to the consummation of the Arrangement; the ability to achieve the anticipated benefits of the Arrangement; risks relating to changes in the gold price; risks related to new members of management and the Board of Directors of the combined company; the ability to work successfully with First Nations and Indigenous partners and local communities; and the factors include those described in the section “Risk Factors” in the Company’s Management Information Circular dated June 19, 2026, in the section titled “Risks and Uncertainties” in the Company’s MD&A dated February 20, 2026 for the year ended December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form, all of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking Information is designed to help readers understand Equinox Gold’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Equinox Gold assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that Equinox Gold will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified in its entirety by this cautionary statement.

The post Equinox Gold Shareholders Approve Business Combination with Orla Mining appeared first on Equinox Gold.

Independent Proxy Advisory Firms Recommend Equinox Gold Shareholders Vote FOR Share Issuance Resolution in Connection with Proposed Business Combination with Orla Mining

Ingrid Rico — Fri, 10 Jul 2026 10:05:00 +0000

Released on

July 10, 2026

Independent Proxy Advisory Firms Recommend Equinox Gold Shareholders Vote FOR Share Issuance Resolution in Connection with Proposed Business Combination with Orla Mining

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that independent proxy advisory firms, including Institutional Shareholder Services Inc. (“ISS”), have issued positive voting recommendations to shareholders of Equinox Gold for the proposed business combination (the “Arrangement”) with Orla Mining Ltd. (TSX: OLA, NYSE American: ORLA) (“Orla”).

Your vote is important, regardless of how many shares you own.
The board of directors and management of both Equinox Gold and Orla unanimously recommend that shareholders vote FOR the Arrangement.
Shareholders with questions or requiring assistance in voting are asked to contact Laurel Hill Advisory Group by calling 1-877-452-7184 (North America toll-free) or 1-416-304-0211 (international), by texting “INFO” to either 1-877-452-7184 or 1-416-304-0211, or by email at assistance@laurelhill.com.

ISS has recommended that Equinox Gold shareholders vote FOR the resolution to issue Equinox Gold common shares (“Share Issuance Resolution”) in connection with the business combination with Orla, as announced on May 13, 2026 (the “Arrangement”). ISS noted in its report: “The acquisition appears to make strategic sense, as the transaction is expected to diversify the company’s asset base, enhance strategic optionality, and improve long-term production potential”.

Darren Hall, CEO of Equinox Gold stated: “We are pleased that the leading independent proxy advisors have recognized the merits of the Arrangement and its strong strategic rationale. Both Equinox Gold and Orla’s Boards unanimously recommend that shareholders vote FOR the Arrangement, and we encourage all shareholders to vote well in advance of the deadline”.

Special Meeting of Shareholders

Equinox Gold’s Special Meeting of Shareholders (“Meeting”) to vote on the Share Issuance Resolution will be held at 9:00 am (Vancouver time) on July 22, 2026. Equinox Gold shareholders of record at the close of business on June 15, 2026 can vote on the Share Issuance Resolution and other matters detailed in the management information circular and related materials for the meeting (“Meeting Materials”). Shareholders can vote their shares online, by telephone or by mail, or can attend the meeting and vote in person. Shareholders who cannot attend in person are invited to join an online webcast; however, the webcast is being provided for viewing purposes only. There will be no ability to vote via the webcast.

Attend in Person
Suite 3500, 1133 Melville Street, Vancouver, BC

Attend Online
www.equinoxgold.com/shareholder-events

The deadline for voting by proxy is 9:00 am (Vancouver time) on July 20, 2026. Beneficial shareholders should vote well in advance, as brokers and intermediaries may impose earlier voting deadlines.

Strategic Rationale

Equinox Gold’s Board of Directors and management team believe merging with Orla will accelerate achievement of the Company’s growth and revaluation objectives, delivering greater value to Equinox Gold shareholders than could be achieved on a standalone basis. The combination of Equinox Gold and Orla will create:

North America’s new senior gold producer: 1.1 million ounces of gold production¹ from a highly complementary portfolio of six North American mines, underpinned by a significant gold endowment of approximately 23 million ounces of Proven & Probable Mineral Reserves²;
Peer leading, growth profile to more than 1.9 million ounces annually: Clear path to more than 800,000 ounces³ of near-term organic gold production growth from North American assets, both enhancing and accelerating Equinox Gold’s growth potential;
Second largest producer of Canadian gold: 100% ownership of three cornerstone Canadian mines that are expected to collectively produce 685,000 ounces of gold in 2026¹ with potential for production growth and mine life extension from expansion and exploration upside;
Enhanced scale and diversification while maintaining jurisdictional simplicity: Highly complementary asset portfolios in Canada, the USA and Mexico, allowing the shareholders of each company to participate in accelerated production growth milestones while maintaining a tier-one North American jurisdictional profile;
Substantial free cash flow generation and robust financial position: Combined free cash flow profile of approximately $1.4 billion in 2026⁴, based on current analyst consensus estimates, and approximately $1.4 billion of total available liquidity⁴ to drive growth and continued shareholder returns, while maintaining financial flexibility;
Industry leading team of mine builders and operators: Key additions to both the Board and management team creates a leadership team with proven track records of delivering enhanced shareholder value across key metrics such as production, mineral reserves, cash flow and net asset value, and a shared commitment to operational excellence, disciplined capital allocation and responsible mining;
Diversified portfolio provides scale and optionality: Six producing mines and four growth projects across four countries (Canada, USA, Mexico and Nicaragua) provide immediate operating strength, project sequencing flexibility, known near-mine exploration upside and longer-term optionality;
Improved capital markets profile and significant re-rate potential: Combined company delivers advantages neither company could achieve on a standalone basis, including increased scale and liquidity, lower risk, peer-leading production growth underpinned by a sizeable Mineral Reserve endowment, and stronger free cash flow, providing significant re-rating potential.

The Meeting Materials can be downloaded at www.equinoxgold.com/shareholder-events and from Equinox Gold’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Shareholders must have their personalized control number to vote their shares. The control number is located in the bottom left corner of the proxy or voting instruction form.

Shareholder Questions & Voting Assistance

Equinox Gold has retained Laurel Hill Advisory Group (“Laurel Hill”) to assist with shareholder communications and proxy solicitation in connection with the Meeting. If you have any questions before the Meeting about the proposed acquisition, Equinox Gold, the Meeting Materials or the voting process, please contact Laurel Hill by calling 1-877-452-7184 (North America toll-free) or 1-416-304-0211 (international), by texting “INFO” to either 1-877-452-7184 or 1-416-304-0211, or by email at assistance@laurelhill.com.

Qualified Person and Technical Information

The scientific and technical information contained in this news release was approved by Matthew MacPhail, P.Eng., Senior Vice President Business Planning and Technical Services for Equinox Gold and a “Qualified Person” under National Instrument 43-101.

1. Mid-point of Equinox Gold’s and Orla’s 2026 guidance, on a full-year basis, as further detailed in the Equinox Gold news release dated January 14, 2026 and the Orla news release dated January 20, 2026, respectively.
2. See Technical Information, Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves, and Forward-looking Statements. A full breakdown of Equinox Gold’s mineral reserves and resources is available in its most recently filed Annual Information Form, which is available on Equinox Gold’s profile on SEDAR+ and EDGAR, and on Equinox Gold’s website. A full breakdown of Orla’s mineral reserves and resources is available in its most recently filed Annual Information Form, which is available on Orla’s profile on SEDAR+ and EDGAR, and on Orla’s website.
3. Anticipated production growth comes from completion of the Valentine Phase 2 expansion (Canada) and with Castle Mountain (USA), South Railroad (USA), Los Filos (Mexico) and Camino Rojo underground (Mexico) in production and operating in line with expectations outlined in current technical reports, which technical reports are available under the respective SEDAR+ profiles of Equinox Gold (in the case of Valentine, Castle Mountain and Los Filos) and Orla (in the case of South Railroad and Camino Rojo).
4. Free cash flow is a non-IFRS measure, which are measures with no standardized meaning under International Financial Reporting Standards (“IFRS”) and may not be comparable to similar measures presented by other companies. See Non-IFRS Measures. Total combined liquidity at March 31, 2026 as per Equinox Gold and Orla’s financial results.

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Cautionary Notes & Forward-looking Statements

This news release includes certain statements and information that constitute “forward-looking statements” and “forward looking information” within the meaning of applicable securities legislation and may include future-oriented financial information (collectively “forward-looking information”). Actual results and outcomes of the proposed plan of arrangement between the companies (“Arrangement”) may vary from the information set out in any forward-looking information. Forward looking information in this news release includes: the consummation and timing of the Arrangement and the shareholder meetings related thereto; the strengths, characteristics, value, portfolio and potential of Equinox Gold post-closing; the strategic vision for Equinox Gold and expectations regarding production capabilities and the ability of Equinox Gold to successfully advance its projects post-closing; the accuracy of the pro forma financial position and outlook of the Equinox Gold post-transaction; production guidance; returns to shareholders; potential re-rating of Equinox Gold post-closing; Equinox Gold’s ability to achieve the production, cost and development expectations outlined in the technical reports related to its operating mines and development projects; and discussion of future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-looking information is typically identified by words such as “will”, “believe”, “create”, “expect”, “deliver”, “potential”, “estimate”, and similar expressions are intended to identify forward-looking information as well as phrases or statements that certain actions, events or results “may”, “could”, “would” or “should” or the negative connotation of such terms. Forward-looking information is based on Equinox Gold’s current expectations and assumptions, including: assumptions regarding future gold prices, future prices of inputs to operations, future exchange rates, the ability of Equinox Gold post-closing to carry on exploration, development, and mining activities as currently contemplated; the success of the new management team; the realization of synergies; the satisfaction of all conditions to the completion of the Arrangement; mineral reserve and mineral resource estimates and the assumptions on which they are based; and that there will be no material adverse changes or disruptions affecting the operating mines or development projects. While Equinox believes these assumptions to be reasonable based on information currently available, they may prove to be incorrect.

Equinox Gold cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking information contained in this news release. Such factors include, without limitation: risks related to closing of the Arrangement; the ability to achieve the anticipated benefits of the Agreement; risks related to new members of management and the board of Equinox Gold; and those factors described in Equinox Gold’s Management’s Discussion & Analysis (“MD&A”) for the year ended December 31, 2025, it’s MD&A for the three months ended March 31, 2026, and in its most recently filed Annual Information Form, all of which are available on Equinox Gold’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar; and in Orla’s MD&A for the year ended December 31 2025, it’s MD&A for the three months ended March 31, 2026, and in its most recently filed Annual Information Form, all of which are available on Orla’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Accordingly, readers are cautioned not to put undue reliance on any forward-looking information contained in this news release. Forward-looking Information is designed to help readers understand Equinox Gold’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Equinox Gold assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Equinox Gold updates any forward-looking information, no inference should be drawn that the Company will make additional updates with respect to such forward-looking information. All Forward-looking Information contained in this news release is expressly qualified in its entirety by this cautionary statement.

Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Mineral Resources

Disclosure regarding the Company’s mineral properties included in this news release, was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the Securities and Exchange Commission (the “SEC”) generally applicable to U.S. companies. Accordingly, information contained in this news release is not comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.

The post Independent Proxy Advisory Firms Recommend Equinox Gold Shareholders Vote FOR Share Issuance Resolution in Connection with Proposed Business Combination with Orla Mining appeared first on Equinox Gold.

Equinox Gold Reports 176,836 Ounces of Gold Production in Q2 2026, Canadian Gold Production Increased 11% Quarter-over-Quarter

Ingrid Rico — Thu, 09 Jul 2026 10:05:00 +0000

Released on

July 9, 2026

Equinox Gold Reports 176,836 Ounces of Gold Production in Q2 2026, Canadian Gold Production Increased 11% Quarter-over-Quarter

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce production results for the three months ended June 30, 2026 (“Q2” or the “Quarter”), along with an update on operations at its two Canadian cornerstone assets: Valentine Gold Mine (“Valentine”) in Newfoundland & Labrador and Greenstone Gold Mine (“Greenstone”) in Ontario. All dollar figures are in United States dollars unless otherwise noted.

Darren Hall, Chief Executive Officer of Equinox Gold, commented: ““Equinox Gold delivered sequentially higher production at its Canadian operations with 97,273 ounces (“oz”) of combined gold production from Greenstone and Valentine, contributing to consolidated quarterly production of 176,836 ounces. Production from our Canadian operations continues to steadily increase with notable performance indicators highlighting progress in the ramp-up of our two long-life, Canadian mines. The team’s continued focus on operational execution and optimization is delivering results at both Greenstone and Valentine as we move into what we expect to be a stronger second half of the year.

“At Greenstone, mining rates averaged more than 199,000 tonnes per day following the winter months, while mill throughput averaged 26,856 tonnes per day. Importantly, we continue to see a growing number of days operating above nameplate capacity, with 69% of days exceeding 27,000 tonnes per day compared to 51% in the first quarter. This trend is anticipated to continue into the second half of the year resulting in expected higher production quarter over quarter for the balance of the year. At Valentine, the process plant averaged 7,730 tpd, or 113% of nameplate. We expect to see increasing production in the second half of the year, driven by higher mill feed grades and continued strong plant performance, with Phase 2 mill expansion early works expected to begin during H2 2026.

“The quarter also marked two important strategic milestones. We announced our proposed business combination with Orla Mining, which we believe will create a premier North American gold producer with approximately 1.1 million ounces of expected annual gold production in 2026, a funded pathway to approximately 1.9 million ounces of annual production over time, and a portfolio of high-quality, long-life assets capable of generating meaningful free cash flow and long-term value for shareholders.

“We also secured 20-year land access agreements with the three communities that host the multi-million-ounce Los Filos mine, a significant step towards the unlocking of value of this high-quality long-term growth asset in our portfolio. In addition to securing long-term land access, we established a new framework governing labour and supply services that reflects a more disciplined, transparent and sustainable operating model. We have initiated restart planning while advancing technical work to optimize the operation, including evaluating a rightsized carbon-in-leach development scenario. We believe Los Filos has the potential to become another high-quality, cornerstone asset within our portfolio and a meaningful contributor to Equinox Gold’s long-term growth.

“As we move into the second half of 2026, our priorities remain clear: continue delivering operational improvements at Greenstone and Valentine, advance and close the proposed combination with Orla Mining, progress the restart and long-term development plans for Los Filos, and execute on the organic growth opportunities across our portfolio. We believe these initiatives position Equinox Gold to continue strengthening its operating performance while creating substantial long-term value for shareholders.”

Highlights

Produced 176,836 ounces (“oz”) of gold during Q2, including 64,656 oz from Greenstone, 32,617 oz from Valentine, 18,572 oz from Mesquite, 59,476 oz from Nicaragua, and 1,515 oz from Castle Mountain.

Consolidated year-to-date gold production of 374,464 oz keeping the Company on track to achieve its 2026 gold production guidance of 700,000 to 800,000 oz.
Announced a business combination with Orla Mining to create North America’s new senior gold producer with approximately 1.1 million ounces of expected annual gold production¹ in 2026 anchored by three Canadian gold mines, and a path toward more than 1.9 million ounces of annual gold production² from an internally funded North American growth pipeline (see May 13, 2026 news release).

Secured 20-year land access agreements with all three communities at Los Filos and initiated restart activities (see June 25, 2026 news release).

Q2 2026 Conference Call Details

Equinox Gold will release its unaudited financial and operating results for the three and six months ended June 30, 2026 on Wednesday, August 5, 2026 after market close. The Company will host a conference call and webcast to discuss the results on Thursday, August 6, 2026 commencing at 7:00am PT (10:00am ET). The webcast will be available for replay on Equinox Gold’s website until February 6, 2027.

Conference call
Toll-free in U.S. and Canada: 1-833-752-3366
International callers: +1 647-846-2813

Webcast login
Equinox Gold | Financials

Special Meeting of Shareholders to be held on July 22, 2026

Equinox Gold will hold its Special Meeting of Shareholders (“Meeting”) on Wednesday, July 22, 2026 commencing at 9:00am PT. At the Meeting, Equinox Gold shareholders will be asked to vote on an ordinary resolution authorizing and approving the issuance of up to 421,770,377 common shares of Equinox Gold in connection with the proposed acquisition by the Company of all the outstanding common shares of Orla Mining (TSX: OLA, NYSE-A: ORLA). Under the terms of the agreement, each Orla share will be exchanged for 1.00 Equinox Gold common share and US$0.0001 in cash. The deadline for voting by proxy is 9:00 am (Vancouver time) on July 20, 2026.

Meeting materials have been mailed to shareholders (“Meeting Materials”) and can also be downloaded at www.equinoxgold.com/shareholder-events and from Equinox Gold’s profile on SEDAR+ and EDGAR (see June 23, 2026 news release). Upon receipt of the Meeting Materials, which contain personalized voting information, shareholders can vote their shares online, by telephone or by mail, or can attend the Meeting and vote in person. Shareholders who cannot attend in person are invited to join an online webcast; however, the webcast is being provided for viewing purposes only. There will be no ability to vote via the webcast.

Attend in Person
Suite 3500, 1133 Melville Street, Vancouver, BC

Attend Online
Login here.

Shareholder Questions & Voting Assistance

About Equinox Gold

Equinox Gold (TSX: EQX, NYSE-A: EQX) is a Canadian mining company positioned for growth with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Founded and chaired by renowned mining entrepreneur Ross Beaty and guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth. Learn more at www.equinoxgold.com or contact ir@equinoxgold.com.

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Qualified Person and Technical Information

2. Anticipated production growth comes from completion of the Valentine Phase 2 expansion (Canada) and with Castle Mountain (USA), South Railroad (USA), Los Filos (Mexico) and Camino Rojo underground (Mexico) in production and operating in line with expectations outlined in current technical reports, which technical reports are available under the respective SEDAR+ profiles of Equinox Gold (in the case of Valentine, Castle Mountain and Los Filos) and Orla (in the case of South Railroad and Camino Rojo).

Cautionary Notes & Forward-looking Statements

This news release includes forward-looking information and forward-looking statements within the meaning of applicable securities laws and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). Actual results of operations and the ensuing financial results may vary materially from the amounts set out in any Forward-looking Information. Forward-looking Information in this news release includes: the Company’s strategic vision and expectations for exploration potential, production capabilities, growth potential, expansion projects and future financial or operating performance, including shareholder returns; expectations for Greenstone and Valentine operations, including achieving design capacity and anticipated production; production and cost guidance; potential future mining opportunities around Valentine; potential for the Phase 2 expansion at Valentine; higher mill feed grades and stronger plant performance at Valentine; completion of the combination with Orla, including an approval at the Special Meeting of Shareholders; anticipated timing and development of Castle Mountain Phase 2; and the potential for a restart of operations at Los Filos. Forward-looking Information is typically identified by use of words such as “will”, “growth”, “increase”, “expect”, ”achieve”, “anticipate”, “deliver”, “continue” and “progress” and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”, or the negative connotation of such terms, are intended to identify Forward-looking Information. While the Company believes these expectations are reasonable, they are not guarantees and undue reliance should not be placed on them. Forward-looking Information is based on the Company’s current expectations and assumptions, including: achievement of exploration, production, cost and development goals; ramping up and achieving design capacity at Valentine and Greenstone; timely execution of Castle Mountain permitting and initiation of Phase 2 construction, including receipt of required approvals and permits and effectiveness of the Fast-41 Program; approval for and initiation of the Valentine Phase 2 expansion; stable gold prices and input costs; availability of funding, accuracy of Mineral Reserve and Mineral Resource estimates; successful long-term agreements with Los Filos communities, management of suspended operations and the potential of restarting operations; adherence to mine plans and schedules, expected ore grades and recoveries; absence of labour disruptions or unplanned delays; productive relationships with works, union and communities; maintenance of and timely receipt of permits and regulatory approvals; compliance with environmental and safety regulations; and constructive engagement with Indigenous and community partners. While the Company considers these assumptions reasonable, they may prove incorrect.

Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include those described in the section titled “Risk Factors” in the Company’s MD&A dated February 20, 2026 for the year ended December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Equinox Gold’s website at www.equinoxgold.com. Forward-looking Information reflects management’s current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting Forward-looking Information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

The post Equinox Gold Reports 176,836 Ounces of Gold Production in Q2 2026, Canadian Gold Production Increased 11% Quarter-over-Quarter appeared first on Equinox Gold.

Equinox Gold Announces Sale of Shares of Versamet Royalties

Ingrid Rico — Mon, 06 Jul 2026 22:20:00 +0000

Released on

July 6, 2026

Equinox Gold Announces Sale of Shares of Versamet Royalties

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) announces it has sold an aggregate of 8,713,000 common shares (the “Versamet Shares”) of Versamet Royalties Corporation (“Versamet”) pursuant to an agreement with National Bank Financial Inc. by way of a block trade (the “Disposition”) for aggregate gross proceeds of C$130 million.

Immediately before the Disposition, Equinox Gold had beneficial ownership of, control and direction over, 11,617,915 Versamet Shares, representing approximately 10.7% of the outstanding Versamet Shares on an undiluted basis. As a result of, and immediately following, the Disposition, Equinox Gold will have beneficial ownership of, control and direction over 2,904,915 Versamet Shares, representing approximately 2.7% of the outstanding Versamet Shares on an undiluted basis. Equinox Gold holds the Versamet Shares for investment purposes. Equinox Gold may, from time to time, acquire additional securities, dispose, subject to certain escrow restrictions, of some or all of its remaining or additional securities, or may continue to hold Versamet Shares as future circumstances may dictate.

Following the Disposition, (i) Versamet’s right of first offer to acquire any royalty or stream held by Equinox Gold will be terminated; and (ii) the investor rights agreement between Equinox Gold and Versamet will automatically terminate on the date that Equinox Gold’s beneficial ownership in Versamet ceases to be at least 10.0% for a continuous period of at least 30 days.

Versamet’s head office is located at Suite 3200 – 733 Seymour Street, Vancouver, British Columbia, V6B 0S6.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report with additional information in respect of the foregoing matters will be filed under Versamet’s profile on SEDAR+ at www.sedarplus.ca, and can also be obtained upon request by contacting Equinox Gold via email at ir@equinoxgold.com. As Equinox Gold beneficially owns less than 10.0% of the outstanding Versamet Shares, Equinox Gold is no longer subject to ongoing early warning or insider reporting requirements in respect of its ownership of Versamet securities.

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Cautionary Notes & Forward-looking Statements

The post Equinox Gold Announces Sale of Shares of Versamet Royalties appeared first on Equinox Gold.

Equinox Gold Secures Long-Term Land Access Agreements with All Three Communities at Los Filos Mine, Planning and Technical Work Underway to Support Mine Restart and Annual Production Expansion

Ingrid Rico — Thu, 25 Jun 2026 21:04:32 +0000

Released on

June 25, 2026

Equinox Gold Secures Long-Term Land Access Agreements with All Three Communities at Los Filos Mine, Planning and Technical Work Underway to Support Mine Restart and Annual Production Expansion

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that it has signed 20-year land access agreements with all three communities that host its Los Filos Mine in Guerrero, Mexico (“Los Filos”). With these agreements in place, the Company has initiated activities to support the gradual restart of heap leach operations and is advancing technical studies to evaluate potential expansion opportunities.

Darren Hall, Chief Executive Officer of Equinox Gold, commented: “We appreciate the constructive engagement with the communities of Carrizalillo, Mezcala and Xochipala that host our multi-million-ounce Los Filos Mine. These new 20-year agreements reflect a shared commitment to responsible operations and sustainable benefits over time and provide an important foundation for strengthening our long-term relationship with the communities and fostering an environment that supports future investment and long-term value creation.

“With land access agreements in place, we will commence planning for the restart of heap leach operations, while continuing to pursue our exploration programs and technical and engineering studies to assess longer-term development options, including construction of a carbon-in-leach (“CIL”) processing facility.

“Los Filos is a world-class deposit, which based on the June 30, 2022 mineral reserve and resource estimation contains 5.4 million ounces of mineral reserves, 7.9 million ounces of measured and indicated mineral resources (exclusive of reserves), 3.2 million ounces of inferred mineral resources, and significant exploration upside. We believe there is meaningful potential to expand the resource base and increase annual production over time. Our technical work will include an assessment of opportunities to optimize and grow the operation, including evaluating increases to the envisioned CIL mill throughput relative to previous studies, as well as updating project economics and development plans. The 2022 technical report was prepared using a mineral reserve gold price assumption of US$1,450 per ounce, and we believe there may be opportunities to enhance project economics through updated metal prices, as well as optimized operating assumptions and technical parameters (see October 19, 2022 news release). We intend to advance this work through a phased, de-risking approach that reflects technical, operational, permitting and stakeholder considerations, while maintaining collaborative engagement with our community partners”.

In addition to the new surface land access agreements, the parties agreed to an overall policy on labour and supply services. The Company is applying a disciplined, accountable and transparent approach to labour, contractor and community-related arrangements as part of its broader commitment to responsible operations and stakeholder engagement. Restart activities include environmental remediation, permitting, workforce rehiring and retraining, and supplier contract negotiations. The Company is committed to upholding industry best practices for all its operations guided by globally recognized standards and frameworks. Equinox Gold is a member of the Mining Association of Canada (“MAC”) and strives to diligently implement MAC’s Towards Sustainable Mining (“TSM”) Protocols across its mining operations. The Company will continue to apply the TSM Protocols at Los Filos and looks forward to future reporting on its performance.

The Company will provide updates on restart activities and development plans as technical work progresses. Equinox Gold has not included any production from Los Filos in its 2026 production guidance of 700,000 to 800,000 ounces of gold.

About Equinox Gold

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Qualified Person and Technical Information

Los Filos Mineral Reserves Statement (June 30, 2022)

Classification	Mining Method	Tonnes (kt)	Gold Grade (g/t )	Contained Gold (koz)	Silver Grade (g/t)	Contained Silver (koz)
Proven	Open Pit	35,154	0.74	837	5.0	5,677
	Underground	299	4.15	40	13.7	132
	Total	35,453	0.77	877	5.1	5,809
Probable	Open Pit	145,476	0.62	2,921	6.3	29,303
	Underground	12,297	3.94	1,556	18.9	7,458
	Total	157,773	0.88	4,477	7.2	36,761
Proven & Probable	Open Pit	180,629	0.65	3,758	6.0	34,980
	Underground	12,597	3.94	1,596	18.7	7,590
	Total	193,226	0.86	5,354	6.9	42,570

Notes: Mineral Reserves have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are incorporated by reference in NI 43-101. The open pit Mineral Reserve estimate was prepared under the oversight and review of Mr. Eugene Tucker, P.Eng., and the underground Mineral Reserve estimate was prepared under the oversight and review of Mr. Paul Salmenmaki, P.Eng. Mr. Tucker and Mr. Salmenmaki are “Qualified Persons” as defined by NI 43-101. Mineral Reserves are estimated using a long-term gold price of $1,450 per troy oz and a long-term silver price of $18 per troy oz for all mining areas. Mineral Reserves are stated in terms of delivered tonnes and grade before process recovery. Mineral Reserves are defined by pit optimization and are based on variable break-even cut-offs as generated by process destination and metallurgical recoveries. Metal recoveries are variable dependent on metal head grades as outlined in the Technical Report. Open pit dilution is applied at 5% at a zero grade for Au and Ag for Bermejal Open Pit and Guadalupe Open Pit, and 7% at zero grade for Au and Ag for Los Filos Open Pit. Open pit mining recovery is applied at 95% for Bermejal Open Pit and Guadalupe Open Pit, and 93% for Los Filos Open Pit. Heap leach process recovery varies based on rock type. The Qualified Persons responsible for this item of the Technical Report are not aware of any mining, metallurgical, infrastructure, permitting or other relevant factors that could materially affect the Mineral Reserve estimates. Effective date of Mineral Reserves is June 30, 2022. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces. Underground Mineral Reserves are reported based on a variable net processing return cut-off value varying between $65.8 and $96.6/t. Underground dilution is assigned an average of 10% at a zero grade for gold and silver. Underground mining recovery is set to 97%. Numbers may not sum due to rounding. Additional details regarding the Mineral Reserve estimation, classification, reporting parameters, key assumptions and associated risks for Los Filos are provided in the Feasibility Study. In addition, Mineral Reserves and Mineral Resources may be materially affected by legal, political, environmental and other risks, including the factors identified in the Company’s Annual Information Form dated March 24, 2022 for the year ended December 31, 2021. See Cautionary Notes.

Los Filos Mineral Resources Statement (June 30, 2022) (Exclusive of Mineral Reserves)

Area	Classification	Tonnes (kt)	Gold Grade (g/t)	Contained Gold (koz)	Silver Grade (g/t)	Contained Silver (koz)
Bermejal / Guadalupe Open Pit	Measured	9,898	0.76	243	6.4	2,034
	Indicated	184,152	0.59	3,492	7.6	45,186
	Measured & Indicated	194,050	0.60	3,734	7.6	47,220
	Inferred	44,292	0.55	777	9.8	13,932
Bermejal Underground (below $1,500 pit shell)	Measured	–	–	–	–	–
	Indicated	998	3.97	127	16.3	522
	Measured & Indicated	998	3.97	127	16.3	522
	Inferred	1,501	4.98	241	22.7	1,093
Los Filos Open Pit	Measured	35,327	1.09	1,238	6.4	7,315
	Indicated	90,544	0.79	2,290	6.5	18,857
	Measured & Indicated	125,870	0.87	3,528	6.5	26,172
	Inferred	87,552	0.68	1,914	7.7	21,657
Los Filos Underground	Measured	2,081	4.13	276	22.8	1,527
	Indicated	2,326	3.09	231	25.7	1,920
	Measured & Indicated	4,407	3.58	507	24.3	3,446
	Inferred	2,590	3.67	306	27.5	2,287
Total	Measured	47,306	1.15	1,757	7.2	10,876
	Indicated	278,020	0.69	6,140	7.4	66,485
	Measured & Indicated	325,326	0.75	7,897	7.4	77,360
	Inferred	135,935	0.74	3,237	8.9	38,969

Notes: Mineral Resources are exclusive of Mineral Reserves and have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are incorporated by reference in NI 43-101. The Mineral Resource estimate was prepared under the oversight and review of Mr. Ali Shahkar, P.Eng., a “Qualified Person” as defined by NI 43-101. Mineral Resources that are not Mineral Reserves do not have a demonstrated economic viability. Mineral Resources are reported to a gold price of $1,550/oz. Open pit Mineral Resources are defined within pit shells that use variable mining and recovery estimates depending on the geometallurgical domain and whether mineralization is projected to report to crush-leach or is considered typical run-of-mine for processing requirements. Open pit Mineral Resources are reported to a gold cut-off grade of 0.2 g/t. Open pit Mineral Resources use variable mining costs of $1.27-$1.43/t and variable processing costs of $3.40-$12.81/t. Recovery ranges from 50% to 85% depending on ore treatment method. Underground Mineral Resources use variable mining costs of $57.21-$93.12/t and variable processing costs of $9.53-$11.64/t, and a process recovery of 90%-95%. Underground Mineral Resources are reported to a gold cut-off grade of: Los Filos South Underground 1.71 g/t gold; Los Filos North Underground 2.05 g/t gold; Bermejal underground 2.71 g/t gold. Quantity of material is rounded to the nearest 1,000 tonnes; grades are rounded to two decimal places for gold, one decimal place for silver. Numbers may not sum due to rounding. Additional details regarding the Mineral Resource estimation, classification, reporting parameters, key assumptions and associated risks for Los Filos are provided in the Feasibility Study. In addition, Mineral Reserves and Mineral Resources may be materially affected by legal, political, environmental and other risks, including the factors identified in the Company’s Annual Information Form dated March 24, 2022 for the year ended December 31, 2021. See Cautionary Notes.

Cautionary Notes & Forward-looking Statements

This news release includes forward-looking information and forward-looking statements within the meaning of applicable securities laws and may include future-oriented financial information or financial outlook information (collectively “Forward-looking Information”). Actual results of operations and the ensuing financial results may vary materially from the amounts set out in any Forward-looking Information. Forward-looking Information in this news release includes: the Company’s expectations for the restart of its operations in Mexico (“Los Filos”), exploration potential, production capabilities, completion of technical and engineering studies, growth potential, expansion projects and future financial or operating performance of Los Filos, including shareholder returns therefrom; timing, receipt and anticipated effects of approvals for the restart of Los Filos, if any, exploration and expansion; and receipt of required approvals and permits. Forward-looking Information is typically identified by words such as “believe”, “will”, “grow”, “plan”, “expect”, “estimate”, “advance”, “commence”, “continue” and similar terms, including variations like “may”, “could”, or “should”, or the negative connotation of such terms. While the Company believes these expectations are reasonable, they are not guarantees and undue reliance should not be placed on them. Forward-looking Information is based on the Company’s current expectations and assumptions, including: achievement of exploration, production, cost and development objectives; stable gold prices and input costs in line with the assumptions utilized in the estimation of Mineral Reserves and Mineral Resources; availability of funding; accuracy of Mineral Reserve and Mineral Resource estimates; successful implementation of long-term agreements with Los Filos communities and no material disruptions during the term of such agreements; adherence to mine plans and schedules; expected ore grades and recoveries; absence of labour disruptions or unplanned delays; productive relationships with workers, unions and communities; maintenance and timely receipt of permits and regulatory approvals; compliance with environmental and safety regulations; optimized operating assumptions and technical parameters, and constructive engagement with community partners. While the Company considers these assumptions reasonable, they may prove incorrect. Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include certain risks and uncertainties described in the section “Risk Factors” in the Company’s MD&A for the year ended December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking Information reflects management’s current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting Forward-looking Information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves and Mineral Resources

The post Equinox Gold Secures Long-Term Land Access Agreements with All Three Communities at Los Filos Mine, Planning and Technical Work Underway to Support Mine Restart and Annual Production Expansion appeared first on Equinox Gold.

Equinox Gold Announces Filing and Mailing of Meeting Materials for the Special Meeting of Shareholders to Approve Business Combination with Orla Mining

rhylin.bailie — Tue, 23 Jun 2026 21:32:09 +0000

Released on

June 23, 2026

Equinox Gold Announces Filing and Mailing of Meeting Materials for the Special Meeting of Shareholders to Approve Business Combination with Orla Mining

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) will hold a special meeting of shareholders (“Meeting”) on July 22, 2026 commencing at 9:00 am Vancouver time.

Your vote is important, regardless of how many shares you own.
The board of directors of both companies unanimously recommend a vote FOR the Arrangement.
Shareholders with questions or requiring assistance in voting are asked to contact Laurel Hill Advisory Group by calling 1-877-452-7184 (North America toll-free) or 1-416-304-0211 (international), by texting “INFO” to either 1-877-452-7184 or 1-416-304-0211, or by email at assistance@laurelhill.com.

At the Meeting, Equinox Gold shareholders will be asked to consider, and if deemed advisable, to approve, an ordinary resolution (requiring the affirmative vote of a simple majority of the votes cast by shareholders present in person or represented by proxy at the Meeting) (“Share Issuance Resolution”) authorizing and approving the issuance of up to 421,770,377 common shares of Equinox Gold (the “Arrangement Shares”) in connection with the proposed acquisition by the Company of all the outstanding common shares of Orla Mining Ltd. (TSX: OLA; NYSE American: ORLA) (“Orla”) by way of a proposed plan of arrangement (“Arrangement”).

Under the terms of the Arrangement, each Orla share will be exchanged for 1.00 Equinox Gold common share and US$0.0001 in cash. If the Arrangement is completed, existing Equinox Gold and former Orla shareholders will own approximately 67% and 33%, respectively, of the combined company.

The combined company will continue under the name Equinox Gold Corp. and will continue trading on the Toronto Stock Exchange (“TSX”) and the NYSE American Stock Exchange (“NYSE American”) under ticker symbol “EQX”.

Your vote is important, no matter how many Equinox Gold shares you hold. The Board of Directors of Equinox Gold has unanimously determined that the Arrangement is in the best interests of Equinox Gold and recommends that shareholders vote FOR the Share Issuance Resolution. The deadline for voting by proxy is 9:00 am (Vancouver time) on July 20, 2026.

Strategic Rationale

North America’s new senior gold producer: 1.1 million ounces of gold production¹ from a highly complementary portfolio of six North American mines, underpinned by a significant gold endowment of approximately 23 million ounces of Proven & Probable Mineral Reserves²;
Peer leading, growth profile to more than 1.9 million ounces annually: Clear path to more than 800,000 ounces³ of near-term organic gold production growth from North American assets, both enhancing and accelerating Equinox Gold’s growth potential;
Second largest producer of Canadian gold: 100% ownership of three cornerstone Canadian mines that are expected to collectively produce 685,000 ounces of gold in 2026¹ with potential for production growth and mine life extension from expansion and exploration upside;
Enhanced scale and diversification while maintaining jurisdictional simplicity: Highly complementary asset portfolios in Canada, the USA and Mexico, allowing the shareholders of each company to participate in accelerated production growth milestones while maintaining a tier-one North American jurisdictional profile;
Substantial free cash flow generation and robust financial position: Combined free cash flow profile of approximately $1.4 billion in 2026⁴, based on current analyst consensus estimates, and approximately $1.4 billion of total available liquidity⁴ to drive growth and continued shareholder returns, while maintaining financial flexibility;
Industry leading team of mine builders and operators: Key additions to both the Board and management team creates a leadership team with proven track records of delivering enhanced shareholder value across key metrics such as production, Mineral Reserves, cash flow and net asset value, and a shared commitment to operational excellence, disciplined capital allocation and responsible mining;
Diversified portfolio provides scale and optionality: Six producing mines and four growth projects across four North American countries (Canada, USA, Mexico and Nicaragua) provide immediate operating strength, project sequencing flexibility, known near-mine exploration upside and longer-term optionality;
Improved capital markets profile and significant re-rate potential: Combined company delivers advantages neither company could achieve on a standalone basis, including increased scale and liquidity, lower risk, peer-leading production growth underpinned by a sizeable Mineral Reserve endowment, and stronger free cash flow, providing significant re-rating potential.

Meeting Materials

Equinox Gold’s management information circular, which includes additional information regarding the background to and anticipated benefits of the Arrangement, the business of the Meeting, and instructions for participating in the Meeting and the voting process (“Meeting Materials”), is being distributed to shareholders by mail. Upon receipt of the Meeting Materials, which contain personalized voting information, shareholders can vote their shares online, by telephone or by mail, or can attend the Meeting and vote in person. Shareholders who cannot attend in person are invited to join an online webcast; however, the webcast is being provided for viewing purposes only. There will be no ability to vote via the webcast.

Attend in Person
Suite 3500, 1133 Melville Street, Vancouver, BC

Attend Online
Login here

The deadline for voting by proxy is 9:00 am (Vancouver time) on July 20, 2026. Beneficial shareholders should vote well in advance, as brokers and intermediaries may impose earlier voting deadlines.

Shareholder Questions & Voting Assistance

Advance Ruling Certificate & Conditions of Closing

The Company is pleased to advise that on June 1 2026, Equinox Gold received a no action letter from the Canadian Competition Bureau, satisfying the Canadian Competition Approval closing condition for the Arrangement. Approval of the listing of the Arrangement Shares on the TSX has also been received. Remaining conditions include shareholder and court approvals, Mexican competition authorization, approval of the listing of the Arrangement Shares on the NYSE American, and other customary closing conditions. Subject to the satisfaction of the remaining conditions, the Arrangement is expected to close in Q3 2026.

Qualified Person and Technical Information

1. Mid-point of Equinox Gold’s and Orla’s 2026 guidance, on a full-year basis, as further detailed in the Equinox Gold news release dated January 14, 2026 and the Orla news release dated January 20, 2026, respectively.
2. See Technical Information, Cautionary Note to U.S. Readers Concerning Estimates of Mineral Reserves, and Forward-looking Statements. A full breakdown of Equinox Gold’s mineral reserves and resources is available in its most recently filed Annual Information Form, which is available on Equinox Gold’s profile on SEDAR+ and EDGAR, and on Equinox Gold’s website. A full breakdown of Orla’s mineral reserves and resources is available in its most recently filed Annual Information Form, which is available on Orla’s profile on SEDAR+ and EDGAR, and on Orla’s website.
3. Anticipated production growth comes from completion of the Valentine Phase 2 expansion (Canada) and with Castle Mountain (USA), South Railroad (USA), Los Filos (Mexico) and Camino Rojo underground (Mexico) in production and operating in line with expectations outlined in current technical reports, which technical reports are available under the respective SEDAR+ profiles of Equinox Gold (in the case of Valentine, Castle Mountain and Los Filos) and Orla (in the case of South Railroad and Camino Rojo).
4. Free cash flow is a non-IFRS measure, which are measures with no standardized meaning under International Financial Reporting Standards (“IFRS”) and may not be comparable to similar measures presented by other companies. See Non-IFRS Measures. Total combined liquidity at March 31, 2026 as per Equinox Gold and Orla’s financial results.

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Cautionary Notes & Forward-looking Statements

This news release includes certain statements and information that constitute “forward-looking statements” and “forward looking information” within the meaning of applicable securities legislation and may include future-oriented financial information (collectively “forward-looking statements”), including statements regarding the intent of Equinox Gold, or the beliefs or current expectations of the officers and directors of Equinox Gold. When used in this news release, words such as “will”, “create”, “expected”, “proposed”, and similar expressions are intended to identify these forward-looking statements as well as phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “occur” or “be achieved” or the negative connotation of such terms. As well, forward looking statements may relate to future outlook and anticipated events, such as the consummation and timing of the Arrangement and the shareholder meetings related thereto; the satisfaction of the conditions precedent to the Arrangement; the strengths, characteristics, value, portfolio and potential of Equinox Gold post-closing; the strategic vision for Equinox Gold and expectations regarding production capabilities and the ability of Equinox Gold to successfully advance its projects post-closing; the accuracy of the pro forma financial position and outlook of the Equinox Gold post-transaction; production guidance; returns to shareholders; potential re-rating of Equinox Gold post-closing; Equinox Gold’s ability to achieve the production, cost and development expectations outlined in the technical reports related to the Valentine, Castle Mountain, Los Filos, Musselwhite, Camino Rojo and South Railroad expansions; the results of the feasibility studies at Valentine, Castle Mountain, and Los Filos; and discussion of future plans, projections, objectives, estimates and forecasts and the timing related thereto.

The forward-looking statements contained in this new release include certain material assumptions and estimates regarding the forward looking statements that, if untrue, could cause actual results, performances or achievements of Equinox Gold to be materially different, including without limitation, assumptions regarding future gold prices, future prices of inputs to Equinox Gold’s operations, future exchange rates, the Company’s ability to carry on exploration, development, and mining activities as currently contemplated; the success of the new management team; the realization of synergies and premiums; the satisfaction of all conditions to the completion of the Arrangement; Mineral Reserve and Mineral Resource estimates and the assumptions on which they are based; and that there will be no material adverse changes or disruptions affecting either Equinox Gold or Orla or their respective properties. While Equinox Gold considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect.

Although Equinox Gold believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. The Company cautions that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release. Such factors include, without limitation: risks related to fluctuations in gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; sanctions and/or tariffs against countries where Equinox Gold has assets; the potential for labour-related disruptions and unplanned delays or interruptions in scheduled construction, development and production, including by blockade; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); the closing of the Arrangement; proposed changes in management and the board of directors; inadequate insurance, or inability to obtain insurance to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; Equinox Gold’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including environmental, export and import laws and regulations; capital, decommissioning and reclamation estimates; the potential for legal restrictions relating to mining including; expropriation; increased competition in the mining industry; and the ability of Equinox Gold to work productively with its Indigenous and community partners. Additional factors are identified in Equinox Gold’s Management’s Discussion & Analysis (“MD&A”) dated February 20, 2026 and its most recently filed Annual Information Form, both for the year ended December 31, 2025, and in its MD&A dated May 6, 2026 for the three months ended March 31, 2026, all of which are available on Equinox Gold’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar; and in Orla’s MD&A dated March 19, 2026 and in its most recently filed Annual Information Form, both for the year ended December 31, 2025, and in Orla’s MD&A dated May 8, 2026 for the three months ended March 31, 2026, all of which are available on Orla’s profile on SEDAR+ and on EDGAR. Accordingly, readers are cautioned not to put undue reliance on the forward-looking statements or information contained in this news release.

Forward-looking statements are designed to help readers understand management’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Equinox Gold updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

The post Equinox Gold Announces Filing and Mailing of Meeting Materials for the
Special Meeting of Shareholders to Approve Business Combination with Orla Mining appeared first on Equinox Gold.

Equinox Gold Publishes 2025 Sustainability Report

rhylin.bailie — Mon, 22 Jun 2026 10:05:00 +0000

Released on

June 22, 2026

Equinox Gold Publishes 2025 Sustainability Report

Download

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce the publication of its 2025 Sustainability Report. Aligned with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks, the report provides an overview of the Company’s performance and progress across key environmental, social and governance topics, including safety, environmental stewardship, community engagement and ethical business practices. The report covers the period from January 1 to December 31, 2025, with certain reporting scope considerations reflecting the Company’s June 2025 combination with Calibre Mining and other portfolio changes during the year. The report, together with detailed GRI and SASB data tables, is available for review and download on Equinox Gold’s website at www.equinoxgold.com/responsible-mining.

Darren Hall, CEO of Equinox Gold, commented: “Responsible mining is fundamental to how we create long-term value for our stakeholders. In 2025, we achieved meaningful progress across our sustainability priorities, including improved safety performance, strong environmental results, continued investment in our host communities, and completion of external assurance against the World Gold Council’s Responsible Gold Mining Principles. The successful integration of Calibre Mining also marked an important milestone, strengthening our portfolio and positioning Equinox Gold as a more diversified and resilient gold producer. I am proud of our team’s commitment to operating responsibly and advancing our sustainability performance across our business.”

2025 SUSTAINABILITY ACHIEVEMENTS

Environment

Recorded a Significant Environmental Incident Frequency Rate of 0.00 per million hours worked, with no significant environmental incidents recorded under the Company’s reporting framework.
Achieved an estimated 60,113 metric tonnes of carbon dioxide equivalent (tCO₂e) emissions reductions through operational efficiency initiatives, renewable energy sourcing, power purchase agreement offsets, and renewable energy certificates.
Planted approximately 118,000 seedlings to support ecosystem recovery and reported 40 hectares under active restoration.
Avoided an estimated three tonnes of mercury use through our responsible sourcing program for artisanal and small-scale mining, while supporting the livelihoods and economic independence of artisanal miners.

Social

Reported zero fatalities and a Total Recordable Injury Frequency Rate of 1.65 per million hours worked, compared with 2.21 in 2024.
Distributed $2.1 billion in economic value through the payment of employee wages and benefits, procurement spending, royalties, income taxes paid to governments, and social investment in host communities, among other payments.¹
Invested $14 million in community programs across the Company’s operating regions to support locally identified priorities.
Maintained five benefits agreements with seven Indigenous partners at our Canadian mines, supporting dialogue and participation, economic opportunities, and collaborative management of social, environmental, and cultural considerations.
Prioritized local employment and spending, with 98% of employees based within the country of operation and 67% within the communities in the direct area of influence of our operations, and 93% of total procurement spending with national suppliers.

Governance

Completed independent external assurance assessments at our producing mines (excluding Brazil operations) against the World Gold Council’s Responsible Gold Mining Principles and the Conflict-Free Gold Standard.
Improved gender diversity, with women representing 16% of our workforce, while maintaining 30% gender diversity on our Board of Directors.

More information about Equinox Gold’s 2025 performance, 2026 targets and commitments to responsible mining is available in the 2025 Sustainability Report, GRI and SASB data tables, and related disclosures on our website at www.equinoxgold.com/responsible-mining.

¹ This figure reflects the period during which assets were under Equinox Gold’s operational control, including Brazil operations for the entirety of 2025 and assets acquired through the combination with Calibre Mining from June 17, 2025, but excluding Pan Mine. It does not include payments to providers of capital.

Equinox Gold Contact

Ryan King
EVP Capital Markets
T: 778.998.3700
E: ryan.king@equinoxgold.com
E: ir@equinoxgold.com

Cautionary Notes & Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “Forward-looking Information”). Such information includes, among other things, the Company’s sustainability objectives and priorities, including expectations for the Company’s health, safety and environmental performance. Forward-looking Information is generally identified by words such as “target”, “commitment” and similar expressions or statements that certain actions, events or results “may”, “could”, or “should” occur. Although the Company believes that these expectations are reasonable, there can be no assurance they will prove correct and undue reliance should not be placed on them. Forward-looking Information is based on the Company’s current expectations and projections about future events and these assumptions include: the Company’s ability to comply with environmental, health and safety laws or other requirements, standards or protocols; and the Company’s ability to meet its ESG objectives, priorities and targets. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking Information is subject to risks and uncertainties that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include those described in the section “Risk Factors” in the Company’s MD&A dated February 20, 2026 for the year ended December 31, 2025, and in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Forward-looking Information reflects management’s current expectations and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to such information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

The post Equinox Gold Publishes 2025 Sustainability Report appeared first on Equinox Gold.