The Gold Stock Everyone Underestimated… Until It Exploded 158% YTD

With Valentine Now in Commercial Production, Equinox’s Upside Story Is Just Getting Started

Some companies fall apart.
Some companies stagnate.
And then there are companies like Equinox Gold — solid fundamentals, real assets, world-class leadership, and a growth pipeline most mid-tiers envy… yet the market still treated it like a supporting actor instead of the main event.

For years, Equinox wasn’t dismissed — it was underestimated.
Investors knew the potential was there. The projects were real. The management team was proven. But the ramp-up timelines, big capital programs, and a volatile macro cycle meant the market wasn’t ready to give full credit for the long-term vision.

Then 2025 happened.

Gold ripped.
Greenstone started humming.
The Calibre deal added scale almost overnight.
And now — in one of the most important milestones in Equinox’s history — the company has officially achieved commercial production at the Valentine Mine in Newfoundland, marking its second cornerstone Canadian operation.

This isn’t a turnaround story.
This is a long-term execution story finally getting the recognition it deserved.

Let’s break it down.