Equinox Gold Corp. (NYSE:EQX) is one of the best Canadian stocks to buy now. On September 15, Equinox Gold announced its first gold pour at the Valentine Gold Mine, located in Newfoundland and Labrador, Canada. The gold pour occurred earlier than anticipated, on September 14.
CEO Darren Hall noted that the commissioning of the Valentine process plant is progressing well, with mill throughput averaging 47% of the nameplate capacity during the first 15 days of operation. Equinox Gold expects that the Valentine mine will ramp up to its full nameplate capacity of 2.5 million tonnes per year in Q2 2026. Hall also stated that with both Valentine and the Greenstone mine now ramping up, Equinox Gold is poised to become the second-largest producer of Canadian gold.
Once fully operational, Valentine will be Equinox Gold’s second-largest mine and the largest gold mine in Atlantic Canada. It is a conventional crush-grind carbon-in-leach operation designed to operate at 2.5 million tonnes per year. Over its 14-year reserve life, the mine is expected to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years.
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Equinox Gold Corp. (NYSE:EQX) acquires, explores, develops, and operates mineral properties in the Americas. The company primarily explores gold and silver deposits.
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Disclosure: None. This article is originally published at Insider Monkey.