Valentine Gold Mine

Atlantic Canada’s next major gold mine

Valentine poured first gold ahead of schedule on September 14, 2025.

Snapshot

Ownership

100%

Location

Newfoundland and Labrador, Canada

In Production

First gold pour Sept 14th

Estimated AISC

~$1,007 per oz1

Reserves

2.7 Moz @ 1.62 g/t gold

M&I Resources2

3.96 Moz @ 1.90 g/t gold

Mining and processing

Open-pit / CIL plant

Estimated Mine Life

~14 years

1. Based on the 2022 Feasibility Study. See Cautionary Notes.
2. M&I Mineral Resources are inclusive of Mineral Reserves. See Operations / Reserves & Resources and Cautionary Notes.

First Gold Pour at the Valentine Gold Mine

Overview

The Valentine Gold Mine is located in central Newfoundland and Labrador, one of the world’s top mining jurisdictions. When complete, Valentine will be the largest gold mine in Atlantic Canada and a significant economic driver for the province.

The project spans a 32-km mineralized trend with multiple deposits and strong exploration upside. A December 2022 Feasibility Study outlined an open-pit mining and conventional milling operation with an initial 14-year mine life and average annual gold production of 175,000 to 200,000 ounces for the first 12 years.

Commissioning Highlights

The plant started processing ore in late August and the mine poured first gold ahead of schedule on September 14, 2025. Commissioning is progressing well:

  • Throughput averaged 47% of nameplate (6,850 tonnes per day) for the first 15 days of operation
  • Through September 30, the plant averaged 57% of nameplate capacity, with more than 23% of days exceeding nameplate
  • Anticipate producing 15,000 to 30,000 ounces of gold in Q4 2025
  • Expect to achieve nameplate capacity of 2.5 million tonnes per year by Q2 2026

Growth projects

Equinox Gold is advancing expansion projects at a number of its operating mines.

Learn More