Equinox Gold Production Rises
Equinox Gold boosts Q2 production, Canadian output rises 11% amid Orla Mining merger plans.
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Equinox Gold produced 176,836 ounces of gold in Q2 2026, with Canadian output rising 11% quarter-over-quarter, according to The Province. The company's two Canadian mines — Greenstone and Valentine — together produced 97,273 ounces, driving the consolidated gain.
CEO Darren Hall said the results reflect the company's focus on ramping up its newest mines. Equinox also announced a major deal to merge with Orla Mining, a move the company says will create a top-tier North American gold producer, according to County Market.
Greenstone and Valentine Lead Canadian Output Surge
The Greenstone and Valentine mines are the engine behind Equinox's Canadian growth. Together they added 97,273 ounces in Q2 2026. That figure pushed Canadian production up 11% compared to Q1 2026, according to Shoreline Beacon.
Both mines are still in ramp-up mode, meaning output is expected to keep growing. Hall noted the company is focused on operations at these sites. As ramp-up continues, Canadian production could climb further in the second half of 2026.
Orla Mining Deal Would Create 1.1 Million Ounce Producer
Equinox Gold has proposed a business combination with Orla Mining. If completed, the merged company would produce about 1.1 million ounces of gold per year in 2026, according to Fairview Post. That would make it one of the largest gold producers in North America.
To complete the deal, Equinox would issue up to 421,770,377 new common shares. Those shares would go to Orla Mining shareholders in exchange for all of Orla's outstanding common shares, according to The Crag and Canyon.
Shareholders Vote on July 22 to Approve Share Issuance
Equinox Gold has called a Special Meeting of Shareholders for July 22, 2026. At that meeting, shareholders will vote on whether to approve the issuance of the new shares tied to the Orla deal, according to County Market.
The vote is a required step before the merger can go ahead. Issuing over 421 million new shares is a major move. It would significantly increase the total number of Equinox shares in circulation and dilute existing holders unless the deal's scale justifies it.
Equinox Bets on Scale as Gold Prices Stay Elevated
The push to merge with Orla comes as gold prices remain near historic highs in 2026. Equinox is betting that bigger scale means lower costs per ounce and more appeal to large investors. The company's Q2 output of 176,836 ounces already shows strong momentum, according to The Province.
Hall said the company's operational focus is paying off. With two mines still ramping up and a transformative merger on the table, Equinox is positioning itself as a major player in North American gold, according to Fairview Post.
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