Industry Updates: Equinox Gold, Lode Gold, Osisko Gold, and More
Equinox Gold has completed its acquisition of Orla Mining and plans a $436 million expansion project at Valentine. Lode Gold has repaid a secured loan, enabling a shift toward growth initiatives, while Osisko Gold reports new gold discoveries near Cariboo, indicating significant exploration potential.
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Equinox Gold has finalized the acquisition of Orla Mining and plans to invest $436 million in the Valentine Phase 2 expansion project. The company produced 176,836 ounces of gold in Q2 2026, with a total adjusted EBITDA of $358.3 million.
Lode Gold has repaid a secured loan related to the Fremont mine, clearing its debt obligations and focusing on growth strategies, including engineering studies for a preliminary feasibility study. Osisko Gold reported promising drill results from the Proserpine area, indicating a new gold system with high-grade structures.
Fresnillo tripled its profit to $1.46 billion, largely due to rising gold and silver prices. Other notable updates include Purecore Metals hiring Jordan Trimble as a strategic advisor, and Lion Copper & Gold announcing a significant mineral resource estimate in Nevada. The developments reflect a robust mining sector poised for further growth amid rising commodity prices.
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