The merged company projects 870,000–920,000 ounces of gold production in 2026 with costs of $1,900–$2,000 per ounce.
Equinox Gold raised its 2026 production outlook to 870,000–920,000 ounces after merging with Orla Mining, expanding its North American footprint. The combined entity will have 1.1 million ounces of pro forma annual production, anchored by Canadian mines Musselwhite and Valentine.
The company also increased its dividend by 50% to $0.09 per share, citing improved operational efficiency. Total cash costs are projected at $1,600–$1,700 per ounce, with all-in sustaining costs of $1,900–$2,000 per ounce. CEO Darren Hall will retire, with President Jason Simpson succeeding him.
The Orla transaction, which closed July 31, is expected to reflect in third-quarter results, management said during the Q2 earnings call.