Equinox Gold Corp.
Price History
Loading chart...
About Equinox Gold Corp.
Equinox Gold Corp. (EQX.TO) is a gold mining company listed on the Toronto Stock Exchange (TSX). Our project database tracks 39 projects for Equinox Gold Corp. with technical and economic data extracted from company filings. Its flagship Valentine Gold Mine (Feasibility) carries an after-tax NPV of $3.11B.
Equinox Gold is a Canadian Americas-focused gold producer that delivered record production of 621,870 ounces in 2024, with operating mines in Canada, the United States, and Brazil. The company merged with Calibre Mining in 2025 to create a combined producer targeting more than 1.2 million ounces annually once the flagship Greenstone mine in Ontario and the Valentine mine in Newfoundland reach full capacity.
Primary Commodities
Gold
Project Economics
Nicaragua Operations
Gold· Nicaragua· Production
Production
Annual Production225,000 oz Au
- Mineral Reserves
- 9,062 kt at 4.01 g/t Au containing 1,169 koz
Source: Company presentation
Mesquite
Gold· USA· Production
Production
Source: Company presentation
South Carlin Complex
Gold· Nevada, USA· Development
Annual Production48,000 oz Au
Source: Company presentation
Nicaragua Complex
Gold· Nicaragua· Production
Source: Company presentation
Valentine Gold Mine
Gold· Newfoundland, Canada· Production
Feasibility
Mar 2026
NPV (After-Tax) @ 5%$3.11B
NPV (Pre-Tax)$4.89B
Initial Capex$507M
Recovery95%
Mine TypeOpen-pit
Ownership100%
Contained Metal1,169 koz Au
- Mineral Reserves
- Proven & Probable: 51,490 kt at 1.66 g/t Au for 2,748 koz contained gold (effective Dec 31, 2025)
- Mineral Resources
- M&I (in-pit & underground, exclusive): 29,389 kt at 1.24 g/t Au for 1,169 koz Au; Inferred: 31,989 kt at 1.10 g/t Au for 1,128 koz Au
- Royalties / Streams
- 3.0% royalty rate applied
Source: Technical report
Greenstone Mine
Gold· Canada, Ontario· Production
Feasibility
Mar 2026
Initial Capex$80M
Mine Life14 yrs
Head Grade0.93 g/t Au
Recovery86.4%
Mine TypeOpen-pit
Strip Ratio4.4:1
- Mineral Reserves
- Proven & Probable: 179.3 Mt at 0.93 g/t Au, containing 5,334 koz Au
- Mineral Resources
- Measured & Indicated (inclusive of reserves): 199,822 kt at 0.99 g/t Au (in-pit) + 22,103 kt at 2.34 g/t Au (underground); Inferred: 17,841 kt at 0.86 g/t Au (in-pit) + 16,382 kt at 2.37 g/t Au (underground)
- Royalties / Streams
- 3.0% royalty rate
Source: Technical report
Camino Rojo
Gold· Mexico· Production
Resource Estimate
Mar 2026
NPV (After-Tax) @ 5%$1.30B
IRR (After-Tax)30%
Initial Capex$608M
Payback3.2 yrs
AISC1,304 USD/oz
Mine Life17 yrs
Annual Production215,000 oz Au
Recovery87%
Mine TypeOpen-pit
- Mineral Reserves
- Proven total 3,015 kt at 0.71 g/t Au (69 koz) and 17.4 g/t Ag (1,684 koz); Probable total 30,399 kt at 0.73 g/t Au (715 koz) and 14.3 g/t Ag (13,955 koz); Total Mineral Reserves 33,414 kt at 0.73 g/t Au (785 koz) and 14.6 g/t Ag (15,638 koz)
- Mineral Resources
- Measured 3,355 kt at 0.71 g/t Au and 16.91 g/t Ag (77 koz Au, 1,825 koz Ag); Indicated 88,785 kt at 1.71 g/t Au, 12.02 g/t Ag, and 0.21% Zn (4,897 koz Au, 34,313 koz Ag, 402 Mlb Zn); Measured + Indicated 92,141 kt at 1.68 g/t Au, 12.20 g/t Ag, 0.20% Zn (4,974 koz Au, 36,138 koz Ag, 402 Mlb Zn); Inferred 5,766 kt at 2.02 g/t Au, 11.39 g/t Ag, 0.46% Zn (374 koz Au, 2,111 koz Ag, 58 Mlb Zn)
Source: Technical report
Camino Rojo Underground (PEA)
Gold· Mexico· Development
PEA
Mar 2026
NPV (After-Tax) @ 5%$1.30B
IRR (After-Tax)30%
Initial Capex$608M
Payback3.2 yrs
AISC1,304 USD/oz
Mine Life17 yrs
Annual Production215,000 oz Au
Recovery87%
Mine TypeUnderground
Source: Technical report
South Railroad
Gold· USA, Nevada· Development
Feasibility
Feb 2026
NPV (After-Tax) @ 5%$783M
NPV (Pre-Tax)$1.01B
IRR (After-Tax)48%
Initial Capex$395M
Payback2 yrs
AISC1,505 USD/oz Au
Mine Life10 yrs
Annual Production104,000 oz Au/yr
Head Grade0.021 oz Au/ton; 0.084 oz Ag/ton
Recovery70.8%
Mine TypeOpen Pit
Strip Ratio4.00:1
- Mineral Reserves
- Total Mineral Reserve Estimate 73.4 M Tons, Average Grade 0.021 oz Au/ton; 0.084 oz Ag/ton, Contained 1.516 M oz Au; 6.195 M oz Ag
- Mineral Resources
- Dark Star and Pinion: 1.94 M oz Au M&I incl reserves, 0.76 M oz Au inferred; Pinion: 7.4 M oz Ag M&I, 0.11 M oz Ag inferred; Jasperoid Wash + North Bullion: 0.51 M oz Au M&I, 0.42 M oz Au inferred
- Royalties / Streams
- Royalty cost of $97,464 ($000) over LOM
Source: Technical report
South Carlin Complex (South Railroad)
Gold· Nevada, USA· Development
Feasibility
Feb 2026
Initial Capex$395M
Annual Production130,000 oz Au
- Mineral Reserves
- 1.5 Moz P&P
- Mineral Resources
- 2.5 Moz M&I
Source: Company presentation
Camino Rojo UG
Gold· Zacatecas, Mexico· Development
Feasibility
Feb 2026
Annual Production215,000 oz Au
Mine TypeUnderground
Contained Metal3.8 Moz Au
- Mineral Resources
- 3.8 Moz M&I
Source: Company presentation
Camino Rojo Underground
Gold· Zacatecas, Mexico· Development
Feasibility
Feb 2026
Annual Production215,000 oz Au
Contained Metal3.8 Moz Au
- Mineral Resources
- 3.8 Moz M&I
Source: Company presentation
Los Filos
Gold· Mexico· Care & Maintenance
Production
Dec 2025
Annual Production280,000 oz Au
Mine TypeUnderground
Contained Metal5.4 Moz Au
- Mineral Reserves
- 5.4 Moz Reserves
Source: Company presentation
Brookbank
Gold· Canada, Ontario· Exploration
Resource Estimate
Dec 2025
Mine TypeOpen-pit & Underground
- Mineral Resources
- Open Pit Indicated: 7,190 kt at 1.88 g/t Au, 434 koz Au; Open Pit Inferred: 152 kt at 0.69 g/t Au, 3 koz Au; Underground Indicated: 1,856 kt at 4.67 g/t Au, 279 koz Au; Underground Inferred: 1,339 kt at 2.55 g/t Au, 110 koz Au
- Royalties / Streams
- 3.0% royalty rate
Source: Technical report
La Libertad
Gold· Nicaragua· Production
Production
Dec 2025
Source: Company presentation
Key Lake
Gold· Canada, Ontario· Exploration
Resource Estimate
Dec 2025
Head Grade0.82 g/t Au
Recovery90%
Mine TypeOpen-pit
- Mineral Resources
- Indicated: 7,738 kt at 0.82 g/t Au, containing 205 koz Au; Inferred: 4,905 kt at 1.00 g/t Au, containing 158 koz Au
- Royalties / Streams
- 3.0% royalty rate
Source: Technical report
Kailey
Gold· Canada, Ontario· Exploration
Resource Estimate
Dec 2025
Head Grade0.60 g/t Au
Recovery90%
Mine TypeOpen-pit
- Mineral Resources
- Indicated: 12,038 kt at 0.60 g/t Au, containing 231 koz Au; Inferred: 7,758 kt at 0.55 g/t Au, containing 138 koz Au
- Royalties / Streams
- 3.0% royalty rate
Source: Technical report
El Limon
Gold· Nicaragua· Production
Production
Dec 2025
Source: Company presentation
Castle Mountain
Gold· United States· Production
Production
Dec 2025
Mine Life14 yrs
Mine TypeOpen-pit
Contained Metal4.1 Moz Au
- Mineral Reserves
- 4.1 Moz Reserves
Source: Company presentation
Musselwhite Mine
Gold· Ontario, Canada· Production
Feasibility
Dec 2024
NPV (After-Tax) @ 5%$782M
NPV (Pre-Tax)$1.04B
Mine Life7 yrs
Annual Production202 koz Au
Head Grade6.2 g/t Au
Recovery96%
Mine TypeUnderground
Contained Metal294 koz Au
- Mineral Reserves
- P&P 7.36 Mt @ 6.23 g/t Au containing 1,473 koz Au
- Mineral Resources
- M&I&I: M&I 2.16 Mt @ 4.25 g/t Au containing 294 koz Au; Inferred 1.19 Mt @ 4.96 g/t Au containing 190 koz Au
Source: Technical report
Pavón OP
Gold, Silver· Nicaragua - La Libertad Complex· Production
Feasibility
Mar 2022
Mine Life4.5 yrs
Head Grade5.07 g/t Au, 8.5 g/t Ag
Mine TypeOpen-pit
- Mineral Reserves
- Total Probable Mineral Reserves at Pavón: 1.015 Mt grading 5.07 g/t Au and 8.5 g/t Ag, containing 166 koz Au and 278 koz Ag
Source: Technical report
Rosario OP
Gold, Silver· Nicaragua - La Libertad Complex· Production
Feasibility
Mar 2022
Mine Life5 yrs
Head Grade1.92 g/t Au, 10.55 g/t Ag
Mine TypeOpen-pit
- Mineral Reserves
- Probable: 383,000 t grading 1.92 g/t Au and 10.55 g/t Ag, containing 24 koz Au and 130 koz Ag
Source: Technical report
La Libertad Complex
Gold, Silver· Nicaragua· Production
Feasibility
Mar 2022
Recovery91.8%
Mine TypeOpen-pit & Underground
- Mineral Reserves
- Total Probable Mineral Reserves: 3,173 kt grading 4.75 g/t Au and 26.0 g/t Ag, containing 485 koz Au and 2,650 koz Ag
- Mineral Resources
- Total Measured + Indicated: 4,118 kt grading 4.77 g/t Au and 30.1 g/t Ag, containing 631 koz Au and 3,985 koz Ag. Total Inferred: 6,327 kt grading 3.57 g/t Au and 40.9 g/t Ag, containing 726 koz Au and 8,300 koz Ag
Source: Technical report
Jabalí West UG
Gold, Silver· Nicaragua - La Libertad Complex· Production
Feasibility
Mar 2022
Mine Life1.8 yrs
Head Grade3.98 g/t Au, 13.7 g/t Ag
Mine TypeUnderground
- Mineral Reserves
- Probable: 428,000 t grading 3.98 g/t Au and 13.7 g/t Ag, containing 55 koz Au and 188 koz Ag
Source: Technical report
Jabalí Antena OP
Gold, Silver· Nicaragua - La Libertad Complex· Production
Feasibility
Mar 2022
Mine Life1 yrs
Head Grade4.11 g/t Au, 49.37 g/t Ag
Mine TypeOpen-pit
- Mineral Reserves
- Probable: 145,000 t grading 4.11 g/t Au and 49.37 g/t Ag, containing 19 koz Au and 230 koz Ag
Source: Technical report
Eastern Borosi Project (EBP) - Riscos de Oro UG
Gold, Silver· Nicaragua - La Libertad Complex· Development
Feasibility
Mar 2022
Mine Life4 yrs
Head Grade4.97 g/t Au, 82.2 g/t Ag
Mine TypeUnderground
- Mineral Reserves
- Probable: 625,000 t grading 4.97 g/t Au and 82.2 g/t Ag, containing 100 koz Au and 1,652 koz Ag
Source: Technical report
Eastern Borosi Project (EBP) - Open Pit
Gold, Silver· Nicaragua - La Libertad Complex· Development
Feasibility
Mar 2022
Mine Life4 yrs
Head Grade6.87 g/t Au, 9.9 g/t Ag
Mine TypeOpen-pit
- Mineral Reserves
- Probable: 538,000 t grading 6.87 g/t Au and 9.9 g/t Ag, containing 119 koz Au and 172 koz Ag
Source: Technical report
Golden Eagle Project
Gold· Ferry County, Washington, USA· Exploration
Resource Estimate
Sep 2021
Head Grade0.040 opt (1.382 gpt) Au
Recovery80%
Mine TypeOpen-pit
Ownership100%
Contained Metal2,018.1 koz Au
- Mineral Resources
- Measured: 30,681 kt at 1.490 g/t Au (1,469.27 koz Au), 6.768 g/t Ag (6,676.24 koz Ag); Indicated: 14,745 kt at 1.158 g/t Au (548.80 koz Au), 5.743 g/t Ag (2,722.59 koz Ag); M&I: 45,426 kt at 1.382 g/t Au (2,018.08 koz Au), 6.436 g/t Ag (9,398.83 koz Ag); Inferred: 5,370 kt at 0.896 g/t Au (154.65 koz Au), 4.431 g/t Ag (764.99 koz Ag)
Source: Technical report
Limón Norte
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeOpen-pit
- Mineral Reserves
- Limón Norte Probable Reserves: 775 kt at 4.21 g/t Au, 0.85 g/t Ag, containing 105 koz Au and 21 koz Ag
Source: Technical report
Limón Central
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeOpen-pit
- Mineral Reserves
- Limón Central Probable Reserves: 1,343 kt at 3.89 g/t Au, 0.65 g/t Ag, containing 166 koz Au and 28 koz Ag
Source: Technical report
Panteón
Gold· Nicaragua· Development
Feasibility
Mar 2021
Mine TypeUnderground
- Mineral Reserves
- Panteón Probable Reserves: 282 kt at 6.66 g/t Au, 10.72 g/t Ag, containing 60 koz Au and 97 koz Ag
Source: Technical report
Pozo Bono
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeOpen-pit
- Mineral Reserves
- Pozo Bono Probable Reserves: 724 kt at 4.41 g/t Au, 2.69 g/t Ag, containing 103 koz Au and 63 koz Ag
Source: Technical report
El Limón Underground Mines (Santa Pancha 1, Veta Nueva, Panteón)
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeUnderground
- Mineral Reserves
- Total UG Probable Reserves: 617 kt at 5.14 g/t Au, 8.25 g/t Ag, containing 102 koz Au and 164 koz Ag
Source: Technical report
Santa Pancha 1
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeUnderground
- Mineral Reserves
- Santa Pancha 1 Probable Reserves: 175 kt at 4.28 g/t Au, 7.17 g/t Ag, containing 24 koz Au and 40 koz Ag
Source: Technical report
El Limón Open Pit Mines (Limón Central, Limón Norte, Tigra, Pozo Bono)
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeOpen-pit
- Mineral Reserves
- Total OP Probable Reserves: 3,389 kt at 4.24 g/t Au, 1.22 g/t Ag, containing 462 koz Au and 133 koz Ag
Source: Technical report
El Limón Complex
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine Life8 yrs
Mine TypeOpen-pit & Underground
Ownership100%
- Mineral Reserves
- Total Probable Reserves: 4,036 kt at 4.38 g/t Au, 2.29 g/t Ag, containing 568 koz Au and 297 koz Ag
- Mineral Resources
- Indicated: 13.2 Mt grading 2.71 g/t Au, 1.12 g/t Ag, containing 1,154 koz Au and 478 koz Ag. Inferred: 1.4 Mt grading 5.01 g/t Au, 3.33 g/t Ag, containing 227 koz Au and 151 koz Ag.
Source: Technical report
Tigra
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeOpen-pit
- Mineral Reserves
- Tigra Probable Reserves: 547 kt at 4.93 g/t Au, 1.21 g/t Ag, containing 87 koz Au and 21 koz Ag
Source: Technical report
Veta Nueva
Gold· Nicaragua· Production
Feasibility
Mar 2021
Mine TypeUnderground
- Mineral Reserves
- Veta Nueva Probable Reserves: 160 kt at 3.40 g/t Au, 5.08 g/t Ag, containing 18 koz Au and 26 koz Ag
Source: Technical report
Riscos de Oro
Gold· Borosi Concessions, Región Autónoma del Atlántico Norte, Nicaragua· Exploration
Resource Estimate
Ownership100%
- Mineral Resources
- Inferred: ~2.2 Mt at 3.20 g/t Au and 59.67 g/t Ag (0.6 g/t AuEq cut-off)
- Royalties / Streams
- 3% NSR royalty payable to the Nicaraguan government
Source: Technical report
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Musselwhite
2 studies on recordProduction
Nov 2024
Feasibility
Dec 2024
$782M
South Railroad
2 studies on recordFeasibility
Feb 2026
Capex $395M
Feasibility
Feb 2026
$783M
IRR 48% · Capex $395M
Camino Rojo
2 studies on recordProduction
Mar 2026
Resource Estimate
Mar 2026
$1.30B
IRR 30% · Capex $608M
Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
Find the best mining projects
Be the first to know about new mining results, and how they compare to other projects.
Financial Metrics
Loading financial data...
Frequently Asked Questions
- What does Equinox Gold Corp. mine?
- Equinox Gold Corp. is focused on Gold.
- What is the economic value of Equinox Gold Corp.'s Valentine Gold Mine?
- According to its Feasibility, Valentine Gold Mine has an after-tax NPV of $3.11B.
- What exchange is Equinox Gold Corp. listed on?
- Equinox Gold Corp. trades under the ticker EQX.TO on the Toronto Stock Exchange (TSX).
- How many projects does Equinox Gold Corp. have?
- We track 39 projects with extracted technical and economic data for Equinox Gold Corp.
Project Analysis
ANALYSISGOLDFEASIBILITY STUDY
Musselwhite Mine Feasibility Study: $782M NPV Over a 7-Year Mine Life
Equinox Gold Corp.'s Musselwhite Mine in Ontario, Canada has a Feasibility Study outlining an after-tax NPV of $782M. The mine plan runs 7 years at about 202 koz Au per year.
Equinox Gold Corp.Aug 1, 2026
ANALYSISGOLDFEASIBILITY STUDY
South Railroad Feasibility Study: $783M NPV, 48% IRR
Equinox Gold Corp.'s South Railroad in USA, Nevada has a Feasibility Study outlining an after-tax NPV of $783M, an after-tax IRR of 48%, and initial capital of $395M. The mine plan runs 10 years at about 104000 oz Au/yr per year.
Equinox Gold Corp.Aug 1, 2026
ANALYSISGOLDPEA
Camino Rojo Underground (PEA) PEA: $1.30B NPV, 30% IRR
Equinox Gold Corp.'s Camino Rojo Underground (PEA) in Mexico has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $1.30B, an after-tax IRR of 30%, and initial capital of $608M. The mine plan runs 17 years at about 215000 oz Au per year.
Equinox Gold Corp.Aug 1, 2026
ANALYSISGOLDRESOURCE ESTIMATE
Camino Rojo Resource Estimate: $1.30B NPV, 30% IRR
Equinox Gold Corp.'s Camino Rojo in Mexico has a Mineral Resource Estimate outlining an after-tax NPV of $1.30B, an after-tax IRR of 30%, and initial capital of $608M. The mine plan runs 17 years at about 215000 oz Au per year.
Equinox Gold Corp.Aug 1, 2026
ANALYSISGOLDFEASIBILITY STUDY
South Carlin Complex (South Railroad) Feasibility Study: $395M Capex
Equinox Gold Corp.'s South Carlin Complex (South Railroad) in Nevada, USA has a Feasibility Study outlining initial capital of $395M.
Equinox Gold Corp.Jun 21, 2026
Quick Facts
- Ticker Symbol
- EQX.TO
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
◆ ◆ ◆