Distributed on behalf of Equinox Gold Corp.
With an interest rate cut from the Federal Reserve days away, gold continues to rally to record highs. Now at $3,642, gold could rally to $3,700 by year end, and to $4,000 by the middle of next year, according to Goldman Sachs. All of which could have the potential to send gold stocks, such as Equinox Gold Corp. (NYSE: EQX) (TSX: EQX), Newmont Corporation (NYSE: NEM) (TSX: NGT), Barrick Mining (NYSE: B) (TSX: ABX), Franco-Nevada Corp. (NYSE: FNV), and B2Gold Corp. (NYSE AMERICAN: BTG) (TSX: BTO) to higher highs.
Weaker jobs numbers, inflationary pressures, dollar weakness, tariffs, aggressive central bank buying, and geopolitical issues have certainly given gold and related stocks a nice shot in the arm, too. However, if the Federal Reserve’s independence is ever compromised, gold could rocket to $5,000, as noted by Goldman Sachs.
“A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices, and an erosion of the dollar’s reserve-currency status,” Goldman Sachs analysts said, as quoted by the New York Post.
Until that happens, Goldman Sachs says gold could rally to $3,700 by the end of 2025, and to $4,000 by the middle of 2026. UBS analysts say gold could rally to $3,500 by December.
In addition, according to analysts at JPMorgan, “The bank now expects gold prices to reach an average of $3,675/oz by 4Q25, on the way towards above $4,000/oz by 2026, with risks skewed towards an earlier overshoot of these forecasts if demand surpasses its expectations,” as reported by Reuters.
Look at Equinox Gold Corp. (NYSE: EQX) (TSX: EQX), Which Just Delivered First Gold at its Valentine Gold Mine in Newfoundland and Labrador, Canada
Equinox Gold Corp. just announced the first gold pour at its Valentine Gold Mine (“Valentine”) located in Newfoundland and Labrador, Canada.
Darren Hall, Chief Executive Officer of Equinox Gold, commented: “Commissioning of the Valentine process plant is progressing extremely well, with mill throughput averaging 47% of nameplate for the first 15 days of operation, resulting in first gold being poured earlier than expected, on September 14, 2025. I am very pleased with commissioning progress, which positions Valentine to ramp-up to its nameplate capacity of 2.5 million tonnes per year in Q2 2026.
“First gold at Valentine reflects the vision, determination and teamwork of many people who advanced this mine from concept to reality. I extend my congratulations to Jason Cyr and the entire Valentine team for delivering first gold safely and responsibly. Today we celebrate not only this milestone, but also the opportunities and benefits that Valentine will generate for our employees, communities and shareholders for many years to come.
“Commencing production at Valentine marks the beginning of a new chapter for Equinox Gold. With both Valentine and Greenstone now ramping up to capacity, the Company is set to become the second largest producer of Canadian gold.”
Once fully operational, Valentine will be Equinox Gold’s second-largest mine, the largest gold mine in Atlantic Canada, and a significant contributor to the Newfoundland and Labrador economy. Valentine is a conventional crush-grind carbon-in-leach operation expected to produce between 175,000 and 200,000 ounces of gold annually for the first 12 years of its 14-year reserve life1 when operating at design capacity of 2.5 million tonnes per year. Equinox Gold is advancing opportunities to both increase production and extend the mine life, including a Phase 2 expansion to increase plant throughput and exploration potential at numerous new discoveries on the property.
Other related developments from around the markets include:
Newmont just announced that the Parliament of Ghana has ratified the renewal of the Akyem East Mining Lease. Per Newmont’s definitive agreement to divest its Akyem operation in the Republic of Ghana, Zijin Mining Group Co., Ltd. agreed to pay Newmont $100 million upon receipt of the Lease Ratification. The payment has been received, bringing total after-tax cash proceeds from the sale of Akyem to approximately $770 million. With today’s announcement, Newmont now expects to generate $3.1 billion in after-tax cash proceeds from its divestiture program in 2025, including $2.6 billion from divested assets and approximately $470 million from the sale of equity shares in Greatland Resources Limited and Discovery Silver Corp. The proceeds will support Newmont’s capital allocation priorities, which include reducing outstanding debt and returning capital to shareholders.
Barrick Mining Corporation announced that it has reached an agreement to sell the Hemlo Gold Mine in Canada to Carcetti Capital Corp., which is to be renamed to Hemlo Mining Corp. upon closing of the transaction. The sale agreement provides for gross proceeds of up to $1.09 billion, consisting of: Cash consideration of $875 million, due on closing; HMC shares with an aggregate value of $50 million (based on the same price per HMC subscription receipt under the concurrent equity offering announced by HMC, to be issued by HMC to Barrick on closing); A production and tiered gold price-linked cash payment structure of up to $165 million starting in January 2027 for a five-year term. HMC is currently listed on the NEX Board of the TSX Venture Exchange and expects to graduate to the TSXV in connection with its acquisition of Hemlo. HMC has a management team and Board of Directors with significant operational experience with mining assets in Canada, including Robert Quartermain, who was CEO of SSR Mining Inc. and founder of Pretium Resources Inc, and who also played a key role in the discovery and delineation of Hemlo while working for Teck Resources Limited as a geologist. HMC is also backed by a consortium of investors focused on North American resource development, including Wheaton Precious Metals and Orion Mine Finance Management.
Franco-Nevada Corp. CEO just said, “Our portfolio largely produced as expected for the quarter and higher gold prices contributed to record revenue, operating cash flow, Adjusted EBITDA margins2 and earnings. We also saw constructive developments in Panama, including the shipment of the remaining copper concentrate from Cobre Panama. During the quarter, we acquired a royalty on IAMGOLD’s Co^te´ Gold Mine, one of Canada’s newest large-scale gold mines and, post quarter-end, a royalty on AngloGold’s Arthur Project, one of the largest gold discoveries in Nevada. We anticipate new contributions from Co^te´ and growing contributions from Porcupine and Tocantinzinho to be the main drivers for higher GEOs in the second half of the year. Our acquisitions over the last 18 months have positioned us for strong long-term growth that may be further enhanced by a potential restart at Cobre Panama.”
B2Gold Corp. just confirmed 2025 total annual gold production of between 970,000 and 1,075,000 ounces. Project commissioning activities are nearing completion at the Goose Mine. Since first gold production in late June 2025, the Goose mill is achieving consistent performance and daily throughput is increasing. Current daily throughput is approximately 75% of the 4,000 tonnes per day design capacity (above the Company’s targeted average commercial production rate of 65% of the design capacity) and will increase to full design capacity in the near term. B2Gold anticipates achieving commercial production at the Goose Mine in the coming weeks. The Goose Mine is currently operating, and plans to achieve commercial production, with the use of supplemental mobile crushing capacity to ensure a consistent feed of crushed ore to the mill, as crushing plant capacity has been limited during the third quarter of 2025.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Equinox Gold Corp. by Equinox Gold Corp. We own ZERO shares of Equinox Gold Corp. Please click here for disclaimer.
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