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<b>Greg Smith, President & CEO of Equinox Gold, stated</b>: “Since achieving commercial production at Greenstone in Q4 2024, the ramp-up has been slower than planned. Mine productivity and equipment availability, particularly with the primary loading fleet, have fallen short of plan, impacting mining rates and delaying access to higher-grade ore zones. Further, year-to-date mined grades have been below expectations, in part due to higher-than-anticipated dilution. On the processing side, while we are seeing improvements in throughput and recovery, year-to-date performance is also below plan. We are addressing the shortfalls and are revising Greenstone full-year production guidance to 220,000 to 260,000 ounces of gold. Reflecting this change, some refinements to our other assets and the anticipated completion of the business combination with Calibre, consolidated pro forma 2025 guidance is 785,000 to 915,000 ounces of gold at an AISC of $1,800 to $1,900 per ounce, excluding Valentine and Los Filos. For Q2 2025, we expect consolidated production of 135,000 to 145,000 ounces of gold from Equinox Gold mines, including 45,000 to 50,000 ounces from Greenstone. Calibre’s Q2 2025 production is estimated at 70,000 to 72,500 ounces of gold. Full-year Calibre and pro forma consolidated guidance is included below to provide visibility into the scale of the combined company.”

The Globe and Mail reports in its Tuesday edition that analysts have raised their earnings forecasts for New Gold, while also touting its value characteristics. The Globe’s guest columnist Anthony Menard writes in the Number Cruncher column that New Gold is a stock with positive analyst sentiment. New Gold is a Canadian gold mining company that has surged 138.1 per cent over the past year, driven in part by a about 40-per-cent rise in gold prices to about $3,300 (U.S.) per ounce from around $2,300 (U.S.). Analyst sentiment has turned notably positive, with earnings estimates increasing by 27.3 per cent over the past 90 days.