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Investors who follow the name Ross Beaty know his legacy of building industry leaders.
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As the founder of Pan American Silver, Beaty watched the company’s market cap climb from US$110 million in Q1 1996 to over US$10.6 billion today.[1]
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Pan American is now the world’s second largest primary silver producer...boasting the most silver reserves and resources in the world.
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Beaty set himself to repeating that success in gold, with Equinox Gold. And as you’re about to see, that company is poised to exceed all expectations over the coming weeks and months.
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A Pivotal Parade Of Catalysts Ahead...
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A Canadian Mining Hall of Fame inductee with numerous awards and medals to his name[2,3], Beaty held senior positions in Global Copper Corp. and Northern Peru Copper Corp.[4] – which were acquired for over C$400 million each.
...And he founded and developed Lumina Copper, which he split into six companies and sold in a series of deals that amounted to nearly C$2 billion.[5]
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That’s why, when Equinox Gold announced its C$7.7 billion merger with Calibre Mining[6], Wall Street took notice.
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Major institutional players are taking note too, with Vanguard, Sprott and some of the world’s preeminent gold investors holding stakes in Equinox Gold. Van Eck, one of the world’s largest gold-focused ETFs, currently owns ~6% of the company’s outstanding shares.
Over the past five years, Equinox Gold has executed an aggressive growth strategy. They’ve completed multiple strategic mergers and built four mines – all while navigating global supply shocks and a shifting geopolitical order.
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Years of groundwork are finally yielding results: Equinox Gold appears to be on the cusp of transitioning from builder to major producer.
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Notably, the company features no less than two cornerstone Canadian assets ramping up production over the next few months, putting the company at a critical inflection point.
Even as its two Canadian mines are advancing, Equinox Gold’s existing production base in Brazil, the USA and Nicaragua produced over 400,000 ounces in just the first half of 2025 — and has issued full-year guidance of 785,000-915,000 ounces of gold.
This expansion is taking place against one of the strongest gold backdrops in decades. With the Fed back to easing and fiscal pressures mounting, the structural drivers for gold are strengthening.
Gold has already passed $3,700/oz, yet Jefferies’ GREED & Fear September report points to $6,600/oz as a reasonable peak in the current secular bull market.
For perspective, gold today represents just 5.6% of U.S. disposable income per capita, well below the 9.9% ratio reached at the 1980 peak, implying room for further revaluation.
With production in top-tier jurisdictions, strong management and a clear path for growth, Equinox Gold already ranks among the sector’s leading producers.
But take a look at what’s about to come....
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A Growth Pipeline Built for Scale
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Equinox Gold controls more than 23 million ounces of proven and probable reserves...and an additional 22 million ounces in measured and indicated resources across the Americas.[10]
But it’s the next wave of production growth — led by two transformative North American mines — that will be key to the company’s expansion goals.[11]
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High-Impact Mine Reaches Its Inflection Point
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Located in a prolific mining district with a long history of gold production, Equinox Gold’s Greenstone mine holds over 5.7 million ounces in proven and probable reserves, plus another 2.2 million ounces in measured and indicated resources.[12]
The mine achieved production in 2024 and Equinox Gold is now ramping up the operation.[13] Recent Q2 results show mining and processing improved by more than 20% quarter-over-quarter.
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With both a large underground deposit that is not included in the current mine life, and additional near-mine and regional exploration, Greenstone also presents a compelling opportunity for resource and production growth.
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Equinox Gold owns 100% of Greenstone[15], making it one of the many drivers in their expanding portfolio.
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Perfectly Positioned to Drive Near-Term Cash Flow
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Another huge driver: the Valentine Gold Mine, which has just announced its first gold pour.
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Standing as Equinox Gold’s second-largest gold mine, and the largest in all of Atlantic Canada, this represents yet another powerful inflection point for the company.
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Valentine is located in Newfoundland[17], one of Canada’s fastest-growing mining jurisdictions.[18] In addition to its scale and economics, the location offers established infrastructure, a skilled local workforce and reliable access to low-cost hydroelectric power – all factors that significantly de-risk production.
The operation holds approximately 2.7 million ounces of proven and probable reserves and an additional 1.3 million ounces of measured and indicated resources.[19]
Designed to be a high-margin operation thanks to the shallow, open-pit design[23], Valentine is expected to contribute meaningfully to cash flow in both the near- and long-term.[24]
And it won’t end there: Between $15 and $20 million has been set aside this year alone to further explore and define Valentine.
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It’s important to note that only a small portion of the Valentine Mine property has been explored.[20] All 2.7 million ounces of reserves are contained in only eight kilometers of a 32-kilometer fault line that runs across the property.[21]
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Drilling at the Valentine gold mine has discovered a new zone that has already been traced over one kilometer along strike and 500 meters deep, and follow-up drilling is underway. Previously reported results include 2.43 grams per tonne (“g/t”) gold over an eye-popping 172.8 meters estimated true width (“ETW”), including:
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• 3.84 g/t gold over 90.1 meters ETW
• 2.12 g/t gold over 95.4 meters ETW
• 2.26 g/t gold over 78.3 meters ETW
• 3.08 g/t gold over 48.2 meters ETW
• 1.94 g/t gold over 36.4 meters ETW23
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And the growth can also come conveniently around the identified resources: late last year, for example, drilling at the Marathon Pit yielded an additional 44% gold at 47% higher grades than had been modelled in the reserve estimate.
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Federally Endorsed With FAST-41 Momentum
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Castle Mountain is one of the few gold mines in the United States to receive formal federal endorsement.
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The project was recently designated under FAST-41, a U.S. permitting initiative designed to fast-track environmental reviews for nationally significant infrastructure.[27]
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This places Castle Mountain on a short list of strategic mining projects aligned with U.S. priorities around domestic supply chain independence. That represents a major milestone: streamlined permitting de-risks the path to development.
Located in California’s historic Hart mining district, Castle Mountain was initially developed as a smaller-scale heap leach operation. The planned Phase 2 operation would transform it into a long-life, high-quality gold producer.[27]
The project hosts over 4.1 million ounces in proven and probable reserves, along with an additional 1.47 million ounces in measured and indicated resources.[27]
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Once fully developed, Castle Mountain is expected to deliver an average of 220,000 ounces per year over a 14+ year mine life, according to a 2021 feasibility study.[28]
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Equinox Gold is advancing toward a late-2026 Record of Decision. Development will leverage existing infrastructure and previously secured water rights, which should allow for an accelerated timeline to production.
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Taking It To A New Level Now
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Ross Beaty’s goal of building the world’s next major gold producer is happening in front of our eyes at this moment.
It’s easy to see that, with strong cash flow from producing mines and more mines about to add to its production, Equinox Gold has the flexibility to fund growth, manage risk and scale intelligently.
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The company’s leadership team has a long record of execution, with billions created in past M&A transactions.
And they’re backed by global institutions, ETFs, and long-term holders. With 4.5% insider ownership[35], Equinox Gold maintains one of the strongest alignment profiles in the sector.
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As gold enters a new phase, Equinox Gold has the strategy, assets and team to crystallize the benefits in this strong gold cycle.
The time to do your due diligence is now, before the company’s growth curve begins to steepen. Click on the link below now to learn more.
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CLICK HERE
To Learn More about Equinox Gold Corp.
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Disclosure/Disclaimer: This is a paid advertisement for Equinox Gold Corp. (TSX: EQX | NYSE-A: EQX). We are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. Any investment should be made only after consulting a professional investment advisor and only after reviewing the profiled company's financial statements and other pertinent corporate information. We have been compensated by Equinox Gold to conduct public investor awareness, distribution and investor education marketing by producing and disseminating this article and similar articles and advertisements. This compensation should be viewed as a major conflict with the ability to provide unbiased information or opinion. This article also includes Forward-looking Information. Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include those described in the section titled "Risk Factors" in Equinox Gold's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section titled "Risks Related to the Business" in Equinox Gold's most recently filed Annual Information Form, both of which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar. Readers should visit Equinox Gold's website at www.equinoxgold.com and view Equinox Gold's continuous disclosure documents published on SEDAR+ and on EDGAR to learn more about the company. Click here for full disclaimer.
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1 https://companiesmarketcap.com/pan-american-silvera/marketcap
2 https://mininghalloffame.ca/ross-j-beaty/
3 https://reuters.com/article/world/china/jiangxi-copper-to-complete-canadian-miner-buyout-soon-idUSSHA107405/
4 https://mininghalloffame.ca/ross-j-beaty/
5 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf , p.3
6 https://www.nasdaq.com/articles/equinox-gold-and-calibre-mining-join-forces-c-26-billion-deal
7 https://www.kitco.com/charts/gold
8 https://www.forbes.com/sites/greatspeculations/2024/10/14/the-top-10-nations-buying-gold-a-portfolio-strategy-you-can-follow/
9 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf, p.3
10 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf, p.8
11 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf, p.6
12 https://www.equinoxgold.com/growth-projects/
13 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf, p.6
14 https://www.marketscreener.com/quote/stock/EQUINOX-GOLD-CORP-45205597/news/Equinox-Gold-Corp-completed-the-acquisition-of-remaining-40-stake-in-Greenstone-Gold-Mines-GP-Inc-46721877/
15 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf, p.8
16 https://www.juniorminingnetwork.com/junior-miner-news/press-releases/523-tsx/cxb/158419-calibre-s-valentine-gold-mine-property-wide-exploration-program-underway-with-initial-drill-program-southwest-of-the-leprechaun-deposit-following-recent-discovery-drilling-including-46-g-t-gold-over-5-3-metres.html
17 https://resourceworld.com/central-newfoundland-gold-belt-becoming-major-gold-camp/
18 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250617-Corporate-Presentation.pdf, p.7
19 https://www.globenewswire.com/news-release/2024/09/03/2939453/0/en/Calibre-s-Marathon-Pit-Ore-Control-Drilling-at-the-Valentine-Gold-Mine-Yields-44-Additional-Gold-on-47-Higher-Grades-Than-Modelled-in-the-2022-Mineral-Reserve.html
20 https://www.juniorminingnetwork.com/junior-miner-news/press-releases/523-tsx/cxb/158419-calibre-s-valentine-gold-mine-property-wide-exploration-program-underway-with-initial-drill-program-southwest-of-the-leprechaun-deposit-following-recent-discovery-drilling-including-46-g-t-gold-over-5-3-metres.html
21 https://s2.q4cdn.com/536453762/files/doc_presentations/2024/2024-05-30-CIBC-Lamaque-Site-Tour.pdf
22 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250210-Calibre-Valentine-Gold-Frank-Zone-Exploration-Drill-Results-News-Release-Final.pdf
23 https://www.equinoxgold.com/growth-projects/valentine/
24 https://www.canadianminingjournal.com/news/calibre-mining-expands-gold-mineralization-at-valentine-gold-mine/
25 https://www.equinoxgold.com/growth-projects/valentine/
26 https://www.permitting.gov/press-releases/castle-mountain-mine-phase-2-project-latest-gain-fast-41-coverage
27 https://www.equinoxgold.com/growth-projects/castle-mountain-expansion/
28 https://www.equinoxgold.com/growth-projects/castle-mountain-expansion/
29 https://www.equinoxgold.com/leadership-team/
30 https://www.equinoxgold.com/wp-content/uploads/2025/06/20250210-Calibre-Valentine-Gold-Frank-Zone-Exploration-Drill-Results-News-Release-Final.pdf
31https://finance.yahoo.com/quote/PAAS/
32 https://www.equinoxgold.com/leadership-team/
33 https://www.equinoxgold.com/leadership-team/
34 https://www.equinoxgold.com/leadership-team/
35 https://www.equinoxgold.com/investors/
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