Equinox Gold (TSX, NYSE-A: EQX) is pivoting from a construction phase to cash generation on the back of two Canadian start-ups, Executive Vice-President for Capital Markets Ryan King says.
Greenstone in Ontario is advancing toward full nameplate performance while the newly acquired Valentine mine in Newfoundland and Labrador has started commissioning, King said last month at the Precious Metals Summit in Beaver Creek, Colo.
“In 2026 we could have a tremendous amount of operating cash flow to quickly de-lever the balance sheet,” King told The Northern Miner’s Western Editor, Henry Lazenby. “And if you do have some other divestitures, that could expedite that de-leveraging and put us in a position to return capital to shareholders.”
At Greenstone, King said the ramp-up is improving as mill throughput trends higher, supporting forecasts for the asset. At Valentine, he noted that an initial gold pour in mid-September aligns with an orderly ramp-up through 2026 to a 2.5-million-tonne-per-year flow.
Watch the full chat below:
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