Equinox Gold (TSX: EQX) (NYSE: EQX) has approved a $436-million expansion of its Valentine gold mine in central Newfoundland, Canada, which will lift planned production as the company pursues growth following its merger with Orla Mining. The approved Phase 2 of the expansion will increase processing capacity to about 13,700 tonnes per day and raise average annual gold production to approximately 223,000 ounces. The expansion follows Equinox’s merger with Orla Mining this year, creating Canada’s second-largest gold producer with expected annual output of 1.1 million ounces. Canadian operationsEquinox also released second-quarter results, reporting gold production of 176,836 ounces and revenue of $769.8 million, reflecting stronger performance from its Canadian operations. Valentine entered commercial production in late 2025 and is expected to become a larger contributor to the company’s production profile as the expansion advances over the next two years.