Equinox Gold Confirms New Gold Discovery at Valentine Mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy EQX?
Source: Newsfilter
Equinox Gold Corp's stock rose by 5.79% as it crossed above the 5-day SMA, reflecting positive investor sentiment following a significant announcement.
The company confirmed a new gold discovery in the Minotaur Zone at its Valentine Gold Mine, with drilling results showing gold grades up to 22.10 g/t over 6.30 meters. This discovery highlights the potential for resource expansion and the development of a new open pit, which could extend the current mine plan. Equinox Gold plans to conduct extensive drilling in 2026 to further explore this promising area.
This discovery not only enhances Equinox Gold's resource base but also demonstrates the company's commitment to leveraging technology in exploration, potentially leading to increased shareholder value.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy EQX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on EQX
Wall Street analysts forecast EQX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQX is 15.89 USD with a low forecast of 13.68 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.740
Low
13.68
Averages
15.89
High
18.00
Current: 13.740
Low
13.68
Averages
15.89
High
18.00
About EQX
Equinox Gold Corp. is a Canadian mining company. It is focused on the gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Its operating mines include Greenstone, Valentine, Mesquite, Nicaragua Ops: Libertad; Nicaragua Ops: Limon. Its growth projects include Castle Mountain Phase 2, and Los Filos Expansion. Greenstone is a multi-million-ounce gold project located in the top-tier mining jurisdiction of Ontario, Canada, approximately 275 km northeast of Thunder Bay in Geraldton, Ontario. Mesquite is an open pit, run-of-mine heap leach gold mine located in Imperial County, California, United States of America, approximately 200 miles south of its Castle Mountain Mine, 16 miles west of the state border with Arizona and 24 miles north of the border with Mexico. Libertad Mine and Mill is located approximately 110 km east of the capital of Managua. The Limon Mine & Mill is located in western Nicaragua.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Equinox Gold Announces New Gold Discovery at Valentine Mine
- New Discovery: Equinox Gold has confirmed a new gold discovery in the Minotaur Zone at its Valentine Gold Mine in Newfoundland and Labrador, located 8 km from the mill, highlighting the untapped potential of the area that could drive resource expansion and new discoveries.
- Significant Drilling Results: Drilling at the Frank Zone revealed gold grades up to 22.10 g/t over 6.30 meters, with the mineralized corridor extending over 1 km, indicating the potential for developing a new open pit that could extend the current 14-year mine plan.
- Future Drilling Plans: In 2026, Equinox Gold plans to conduct 15,000 to 20,000 meters of drilling in the Minotaur Zone to further confirm its mineralization potential, especially as initial drilling shows a 700-meter strike length that remains open in all directions.
- Application of Technology: By integrating artificial intelligence with traditional exploration methods, Equinox Gold utilized VRIFY's AI exploration software DORA to identify the Minotaur Zone as a high-priority target, demonstrating the company's foresight in enhancing exploration success and accelerating value creation.
See More
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
See More
Spot Silver Reaches All-Time High of $115.13/Oz, Surging More Than 11%
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.
See More
Spot silver briefly surpassed $100 per ounce before retreating to $99.93.
- Silver Price Movement: Silver prices rose above $100 per ounce during intraday trading.
- Price Adjustment: Following the peak, prices slightly decreased to $99.93 per ounce.
See More
Silver Outperforms Gold with 145% Return in 2026, Gold at 64%
- Interest Rate Decline: The Federal Reserve cut rates three times in 2025, with over 60% likelihood of another cut by June, making precious metals like gold and silver more attractive, thus driving their prices higher.
- Surging Industrial Demand: U.S. solar capacity is expected to grow by 70 gigawatts in 2026, consuming approximately 143 million ounces of silver, as the global shift towards decarbonization continues to boost silver's industrial demand and price.
- Supply Constraints: Silver is primarily mined as a byproduct, with only four major silver mines in the U.S. in 2023, leading to a sluggish supply response to price changes, with global production forecasted to rise only 2% in 2025, further tightening the market.
- Investment Opportunity: The iShares Silver Trust (SLV) has already gained 25% in early 2026, and its low expense ratio of 0.5% makes it an attractive option for investors looking to avoid the volatility of individual mining stocks, with potential for further gains amid geopolitical tensions.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Equinox Gold Announces New Gold Discovery at Valentine Mine
- New Discovery: Equinox Gold has confirmed a new gold discovery in the Minotaur Zone at its Valentine Gold Mine in Newfoundland and Labrador, located 8 km from the mill, highlighting the untapped potential of the area that could drive resource expansion and new discoveries.
- Significant Drilling Results: Drilling at the Frank Zone revealed gold grades up to 22.10 g/t over 6.30 meters, with the mineralized corridor extending over 1 km, indicating the potential for developing a new open pit that could extend the current 14-year mine plan.
- Future Drilling Plans: In 2026, Equinox Gold plans to conduct 15,000 to 20,000 meters of drilling in the Minotaur Zone to further confirm its mineralization potential, especially as initial drilling shows a 700-meter strike length that remains open in all directions.
- Application of Technology: By integrating artificial intelligence with traditional exploration methods, Equinox Gold utilized VRIFY's AI exploration software DORA to identify the Minotaur Zone as a high-priority target, demonstrating the company's foresight in enhancing exploration success and accelerating value creation.
See More
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
See More
Spot Silver Reaches All-Time High of $115.13/Oz, Surging More Than 11%
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.
See More
Spot silver briefly surpassed $100 per ounce before retreating to $99.93.
- Silver Price Movement: Silver prices rose above $100 per ounce during intraday trading.
- Price Adjustment: Following the peak, prices slightly decreased to $99.93 per ounce.
See More
Silver Outperforms Gold with 145% Return in 2026, Gold at 64%
- Interest Rate Decline: The Federal Reserve cut rates three times in 2025, with over 60% likelihood of another cut by June, making precious metals like gold and silver more attractive, thus driving their prices higher.
- Surging Industrial Demand: U.S. solar capacity is expected to grow by 70 gigawatts in 2026, consuming approximately 143 million ounces of silver, as the global shift towards decarbonization continues to boost silver's industrial demand and price.
- Supply Constraints: Silver is primarily mined as a byproduct, with only four major silver mines in the U.S. in 2023, leading to a sluggish supply response to price changes, with global production forecasted to rise only 2% in 2025, further tightening the market.
- Investment Opportunity: The iShares Silver Trust (SLV) has already gained 25% in early 2026, and its low expense ratio of 0.5% makes it an attractive option for investors looking to avoid the volatility of individual mining stocks, with potential for further gains amid geopolitical tensions.
See More
