Each one in plain English, with the numbers worked through for a shareholder.
30 Mar 2026resource reserve update● Neutral
Equinox filed technical reports for the Valentine and Greenstone gold mines; the Greenstone report is an SLR NI 43-101 report dated March 30, 2026. The excerpt is only the cover and exhibit list, so no reserve, production or cost figures appear.
Equinox announced a new gold discovery, found with AI support, 8 km from the Valentine mill, plus high-grade mineralization outside resources at the Valentine Gold Mine in Canada. Only the title is available; the filing text is the cover and exhibit list, so no drill figures are given. Valentine is a mine not mentioned in the earlier history here.
Equinox filed a technical report on the Fazenda gold mine in Brazil, dated January 31, 2025, along with consents from eight named experts. The excerpt is only the exhibit list and cover, so it gives no figures or resource numbers.
Equinox filed the full technical report for the Los Filos feasibility study announced October 19, 2022 (effective date June 30, 2022), voluntarily as a general update. It replaces the older 2018-era report filed in March 2022. The excerpt is only the cover letter, notices and table of contents, so it adds no new figures.
Equinox released an updated feasibility study for expanding Los Filos in Mexico by adding a 10,000 tonne-per-day carbon-in-leach plant ($318 million initial capital). Proven and Probable reserves rose 44% to 5.4 million oz, mine life would be 14.5 years at 280,000 oz a year (360,000 oz a year in 2025-2030), and after-tax NPV (5%) is $625 million with 26% IRR at $1,675/oz gold. Equinox has not approved construction and says any decision will weigh regional stability, markets and cost of capital, while it focuses on Greenstone and Castle Mountain permitting. These are company projections, not a commitment to build.
Equinox reported 2021 exploration results from the Bahia Belt in Brazil, which hosts its Fazenda and Santa Luz mines: 56,918 m drilled in 479 holes across 17 targets. Canto 2, next to Fazenda, had high-grade hits such as 69.0 g/t gold over 3.5 m. The company's land package grew by 323 square km to about 1,292 square km, and 2022 plans include over 70,000 m of drilling. An updated Fazenda resource and reserve statement including Canto 2 is planned for late 2022. These are drill results, not a resource estimate.
Equinox filed the feasibility study update technical report on the Hardrock (Greenstone) project in Ontario, prepared for Premier Gold Mines by G Mining Services, with an effective date of December 16, 2020 and issue date of January 26, 2021. Hardrock is the project Equinox gained through the Premier acquisition and now calls Greenstone. The excerpt is only the cover, qualified person pages and table of contents, so it gives no figures.
Equinox filed an older technical report on the Los Filos mine complex in Mexico, written by SRK Consulting for Leagold Mining (the company Equinox acquired in 2020), with an effective date of October 31, 2018 and report date of March 11, 2019. The excerpt is only the cover, notices and table of contents, so it gives no figures, and the report predates Equinox's ownership and the Bermejal underground start in 2021.
Equinox filed the full technical report for the Aurizona expansion pre-feasibility study (prepared by AGP Mining Consultants and Equity Exploration Consultants), dated 04/11/2021. This is the report behind the September 20, 2021 study and follows the November 5 announcement that it had been filed. The excerpt is only the cover, notice and table of contents, so it gives no new figures.
Equinox said it filed the full technical report supporting the Aurizona expansion pre-feasibility study and updated reserve and resource estimate announced on September 20, 2021. The release adds no new figures.
Equinox filed technical reports on two Brazilian mines from the Leagold acquisition, Riacho dos Machados and Fazenda Brasileiro, dated October 22, 2021 with a December 31, 2020 effective date for the Riacho report. The excerpt shown is mostly a table of contents, so it gives no figures on reserves, costs or production.
Equinox released a pre-feasibility study for expanding Aurizona in Brazil by adding an underground mine and satellite open pits, delivering the study targeted for late 2021 after the 2021 drilling. It projects an 11-year mine life, average output of 137,000 oz of gold a year (over 160,000 oz at peak in 2026 to 2029), and 1.5 million oz in total. Initial underground capital is $154 million, and the after-tax NPV (5%) is $314 million at $1,500/oz gold ($600 million at $1,800/oz). Proven and Probable reserves rose 73% to 1.7 million oz. These are company projections that depend on the assumed gold price.
Equinox filed a technical report on the Mercedes gold-silver mine in Sonora, Mexico, the mine it gained with the April 2021 Premier acquisition. The report is dated June 30, 2021 with an effective date of December 31, 2020, and was filed voluntarily as a general update. The filing says it was only readdressed to Equinox, re-dated and given clerical and Premier-acquisition changes, with no other changes; the excerpt shown contains no figures.
Equinox filed the full technical report supporting the Castle Mountain Phase 2 feasibility study announced on March 22, 2021. The report has an effective date of February 26, 2021 and an issue date of March 17, 2021, and is signed by six qualified persons. The excerpt shown is only the cover, signature page and table of contents, so it adds no new figures beyond the March 22 release.
Equinox released the Phase 2 feasibility study for Castle Mountain, delivering the study that had been targeted for Q1 2021. At $1,500/oz gold it projects average output of 218,000 oz a year for 14 years, an after-tax NPV (5%) of $640M and an 18% IRR, with initial capital of $389M ($510M if the mining fleet is bought rather than leased). Proven and Probable reserves are 4.168 million oz. Phase 2 permitting is underway and construction is planned to take two years; the returns are company projections that depend on the assumed gold price.
Equinox reported 2020 drill results at its 100%-owned Aurizona mine in Brazil. At the Piaba underground, 47 of the 49 holes with assays so far hit significant gold, and the deposit remains open at depth; Genipapo drilling points to possible near-surface open-pit feed. A $7.3M, 49,000-metre exploration program is planned for 2021, and the prefeasibility study for an underground mine running alongside the open pit is now targeted for late 2021. This continues the Aurizona underground thread begun with the May 2020 preliminary study.
Equinox announced filing of the Santa Luz technical report and restated the November 9, 2020 decision by its board to start full construction at its 100%-owned Santa Luz mine, with a US$103 million construction budget. At a $1,500/oz gold price it expects 903,000 ounces over a 9.5-year mine life, an after-tax NPV (5%) of $305 million and a 58% IRR. First gold pour is targeted for Q1 2022. This turns the Santa Luz restart from a planned project into one under construction; the returns are company projections tied to the assumed gold price.
Equinox filed a new technical report on the Santa Luz project in Bahia, Brazil (from the Leagold acquisition), dated November 30, 2020 with an effective date of June 30, 2020. It replaces the older October 2018 report on file and includes a C1 underground preliminary economic assessment. The excerpt shown is mostly a table of contents, so figures are covered in the companion news release.
Equinox filed technical reports for Santa Luz (Bahia, Brazil), Mesquite (California) and Aurizona (Maranhão, Brazil). The Santa Luz report, from the Leagold acquisition, was re-addressed to Equinox with an updated project schedule and has an effective date of October 22, 2018. The Aurizona report (dated April 27, 2020) supports the resource, reserve and underground study announced in the May 7 and May 12 releases.
Equinox filed technical reports on three former Leagold properties (Pilar in Goiás, Fazenda Brasileiro in Bahia, Riacho dos Machados in Minas Gerais), re-addressed to Equinox after the March 10, 2020 acquisition. The Pilar report notes the Três Buracos start-up is now expected in early 2021; the reports otherwise carry earlier reserve and resource dates (e.g. May 31, 2018 for Pilar), so they are not fresh estimates.
Equinox updated reserves and resources at Aurizona and Mesquite. Aurizona reserves were essentially unchanged at 958,000 ounces of contained gold despite 2019 mining, and measured and indicated resources rose 22% to 844,000 ounces with a first resource at the Tatajuba deposit. The company also says Mesquite has a reserve mine life of more than two years plus residual leaching, with new mineralized dump material identified.
Equinox released a preliminary study for a possible underground mine (Piaba) at its 100%-owned Aurizona mine in Brazil, which could add 740,500 ounces of gold over about ten years, with $69.7 million initial capital and $204 million after-tax net cash flow at $1,350/oz gold. It is an early-stage study that includes inferred resources, and the company says there is no certainty the results will be realized.