Meet the People and Assets Strengthening Our Next Chapter

With the completion of our combination with Orla Mining at the end of July, Equinox Gold is now North America’s new senior gold producer. This business combination brought together a diversified portfolio of high-quality, long-life mines, a compelling pipeline of development and expansion opportunities, and highly experienced teams with the expertise to execute on the opportunities ahead.

A stronger portfolio, with more growth ahead

Equinox Gold’s portfolio now spans six producing mines and four growth projects across Canada, the United States, Mexico and Nicaragua. Equinox Gold has the capacity to produce around 1.1 million ounces of gold annually from this combined asset base, and the potential to grow production beyond two million ounces per year as new projects are developed – providing investors meaningful exposure to gold today and multiple catalysts over the next few years as the company delivers on its growth objectives.

Orla brought three new assets to Equinox Gold: Camino Rojo, an operating mine with expansion potential in Zacatecas, Mexico; Musselwhite, an operating mine in Ontario, Canada; and the South Railroad development project in Nevada, USA.

Camino Rojo: Production today and future potential

In Zacatecas, Mexico, Camino Rojo is an open-pit heap leach mine that has been producing gold since 2022. It produced 96,764 ounces in 2025 and is expected to produce between 110,000 and 120,000 ounces of gold in 2026, of which 55,000 to 65,000 ounces is attributable to Equinox Gold (see the August 5, 2026 news release with post-merger production and cost guidance).

Camino Rojo’s story is expected to continue beyond its current open-pit operation. The mine sits within a large 139,000-hectare land package, and exploration continues across the property. Orla had been evaluating the potential for an underground operation beneath the existing oxide mine, with a 2026 Preliminary Economic Assessment outlining a potential path to a larger-scale, long-life underground operation.

The combination of established production and additional resource potential makes Camino Rojo an important part of the new Equinox Gold portfolio – contributing ounces today while offering opportunities to extend and expand production over time.

Musselwhite: A long-life Canadian cornerstone

The addition of Musselwhite is particularly significant for Equinox Gold’s Canadian portfolio.

Located in Northwestern Ontario, about 500 kilometres north of Thunder Bay, Musselwhite is an underground mine that has been operating since 1997. It has an extensive land package of approximately 65,000 hectares and has to date produced more than six million ounces of gold.

Musselwhite produced 236,856 ounces of gold in 2025, and full-year 2026 production is targeted at 230,000 to 240,000 ounces, or which 100,000 to 110,000 ounces is attributable to Equinox Gold (see August 5, 2026 news release). 

With 1.5 million ounces of proven and probable reserves, Musselwhite is estimated to have at least six years of mine life remaining, but work is underway to extend the mine life. Exploration at Musselwhite has identified mineralization extending more than two kilometres beyond current operations, supporting the potential to increase the resource base and extend production.

Musselwhite now joins Equinox Gold’s Greenstone and Valentine mines to make Equinox Gold the second largest producer of Canadian gold, with the capacity to produce 685,000 ounces per year and growth potential to nearly 780,000 ounces of gold as the company delivers on optimization and expansion projects. Together, these three mines are expected to account for more than 60% of the company’s total production, giving Equinox Gold a strong foundation in Canada.

South Railroad: The next piece of the growth story

The South Railroad project brings another kind of opportunity to the combined portfolio.

Located in Nevada’s prolific Carlin Trend, South Railroad is an advanced-stage open-pit, heap leach project that is expected to produce on average 130,000 ounces of gold annually for the first five years and more than 100,000 ounces per year over its initial 10-year mine life.

Early works construction commenced in August 2026 following receipt of the Federal Record of Decision, with first gold production expected in 2028.

But South Railroad has the potential to be more than a single development project. It sits within the 25,000-hectare South Carlin Complex, giving Equinox Gold exposure to a district-scale land package in one of the world’s best-known gold belts. Exploration has identified 12 mineralized zones today, providing significant exploration potential beyond the current project.

Bringing together experience and leadership

A strong portfolio is only as effective as the team behind it. That’s why we’re excited to bring together highly experienced leadership and technical teams with expertise spanning the entire mining lifecycle and the jurisdictions where we operate.

Equinox Gold’s leadership team includes Jason Simpson, President and incoming CEO of the Company. Simpson brings more than 28 years of experience across mining operations, project development, engineering and construction.

Jason served as President and CEO of Orla Mining, following a career in increasingly senior leadership roles across the mining industry. He previously served as Chief Operating Officer at Torex Gold Resources, where he oversaw the construction and operation of the ELG Mine in Mexico, and held progressively senior roles with Vale, including General Manager of Labrador Operations at Voisey’s Bay. 

At Orla, Simpson helped guide the company from development-stage miner to multi-asset gold producer, advancing Camino Rojo into production, expanding the portfolio through the acquisition of Musselwhite and progressing the South Railroad project in Nevada. That experience will now inform his leadership of the combined company. Simpson will work alongside CEO Darren Hall through the transition, with Hall retiring on October 31, 2026, after which Simpson will assume the CEO role.

Simpson will be joined by experienced leaders from both organizations, bringing complementary expertise across mine operations, project development, exploration, engineering, finance, capital markets, human resources, sustainability, legal and governance.

The leadership transition also reflects both continuity and change at Equinox Gold. Ross Beaty will remain involved as Chairman Emeritus and Special Advisor, while Chuck Jeannes, a veteran mining executive, is leading the Board of Directors as Chairman. Together, these two well-respected mining legends bring institutional knowledge, operational experience and fresh perspective to the combined company.

What’s next: Turning opportunity into growth

Equinox Gold offers stakeholders something that goes beyond daily production numbers: more opportunities for growth. 

The company can pursue new projects, expand existing operations, advance exploration opportunities and invest in its business from a position of financial strength. With a larger operating base and a deeper pool of technical and leadership experience, Equinox Gold can be more deliberate about where it directs capital and how it grows.

The focus now is on putting that foundation to work – advancing high-quality projects, growing the portfolio and continuing to strengthen operations. With a strong platform and clear opportunities ahead, Equinox Gold is well positioned to turn its growth potential into meaningful results.

Learn more about the completed merger of Equinox Gold and Orla Mining.