Morning Briefing: Magna Mining Publish Levack Resource, Equinox's Valentine Reaches Commercial Production
Nov 18, 2025
Equinox Gold celebrates the commencement of commercial production at its Valentine Mine in Canada. Magna Mining reveals promising mineral resource estimates for the Levack Mine in Ontario. First Mining Gold presents key insights from their updated Pre-Feasibility Study for the Springpole Gold Project, detailing economics and capital costs. Meanwhile, District Metals shares successful results from an airborne survey in Sweden, hinting at potential growth in their mineral licenses. Exciting developments are shaping the mining landscape!
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insights INSIGHT
Valentine Moves To Commercial Production
Equinox Gold declared commercial production at Valentine after 60 days averaging 5,451 tpd and >93% gold recovery on 1.2 g/t feed.
The company expects to hit A-plate capacity by Q2 2026 and produce 150,000–200,000 oz annually.
insights INSIGHT
Levack Resource Shows High Copper Equivalent
Magna Mining's Levack MRE outlines 6.1 Mt indicated at 3.5% CuEq and 5.2 Mt inferred at 3.6% CuEq across multiple deposit types.
The company will use the MRE to complete a PEA and explore re-establishing hoisting to access deeper high-grade ore in 2026.
insights INSIGHT
Springpole PFS Delivers Strong Economics
First Mining Gold's updated PFS for Springpole shows a $3.2B pre-tax NPV and 54% pre-tax IRR at US$3,100/oz gold.
The 30,000 tpd open-pit plan yields 9.4 years of mine life with a $1.1B initial capital and 1.8-year payback.
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Equinox gold says it has reached commercial production at its Valentine gold Mine in Newfoundland and Labrador. Magna Mining has published a mineral resource estimate for the Levack Mine in the Sudbury Basin of Ontario. First Mining Gold shared results of their updated Pre-Feasibility Study for the Springpole Gold Project in Ontario. District Metals says the airborne MobileMT survey conducted over its 100%-owned Tåsjö nr 101 to 108 mineral licenses, located in Jämtland and Västerbotten Counties, north-central Sweden, were successful.
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Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-dash-gold.com
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at equinoxgold.com
Integra Resources is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
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