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VANCOUVER, British Columbia, Aug. 17, 2026 (GLOBE NEWSWIRE) — Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that the United States Bureau of Land Management (“BLM”) has issued a positive Record of Decision (“ROD”) for the South Railroad project in Nevada, USA (“South Railroad” or the “Project”), marking completion of federal permitting under the National Environmental Policy Act (NEPA) process.
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With the ROD now issued, early works construction at South Railroad has begun. Applications for key state permits and water rights have also been submitted.
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Jason Simpson, President of Equinox Gold, commented: “Receiving the Record of Decision is a major milestone for the South Railroad project and advances our next phase of growth. The incremental production from South Railroad will be the first meaningful contributor towards our objective of adding 800,000 ounces of annual gold production from our organic development pipeline. Our Board of Directors had previously approved the start of construction, and with the Record of Decision now in hand, South Railroad is positioned for first gold production in 2028. We thank the Bureau of Land Management, Secretary of the Interior Burgum, the U.S. Administration, and the Permitting Council for their support of the Project, including its designation as a FAST-41 covered project, and for their commitment to responsible domestic mineral development.”
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South Railroad will be an open-pit heap leach mine. Based on the 2026 feasibility study, the Project is expected to produce an average 130,000 ounces of gold annually over the first five years of operation, and more than 100,000 ounces annually over the initial 10-year mine life. Initial capital costs are estimated at $395 million, including $70-$80 million reflected in Equinox Gold’s updated 2026 Guidance. The Project is situated within a larger 25,000-hectare land package along Nevada’s prolific Carlin Trend, which provides opportunities for resource growth and new discoveries.
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Construction Milestones for Remainder of 2026
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Several key construction milestones targeted for completion this year include:
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- Workforce ramp-up: As part of operational readiness, hiring and onboarding of site operations team are advancing through the second half of this year.
- Detailed engineering: Engineering is 55.2% complete.
- Ordering and procurement: Major contracts for power generation, process plant equipment, concrete and structural steel have been awarded.
- Construction acceleration: Early works commenced earlier this summer on the north access road outside of the BLM Plan of Operations in coordination with Elko County, Nevada. Earthworks and major civil construction activities have commenced following the receipt of the ROD.
- Equipment: Mining equipment will begin arriving on site at year-end, with initial mining activities scheduled to start in spring 2027.
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About
Equinox
Gold
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Equinox Gold (TSX: EQX, NYSE-A: EQX) is a Canadian mining company positioned as the new North American senior gold producer with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth. Learn more at www.equinoxgold.com or contact [email protected].
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