The Globe and Mail reports in its Friday edition that TD Cowen analyst Wayne Lam named Equinox Gold his "Best Idea for 2026" based on "operational momentum via ongoing ramp-ups at Greenstone/Valentine and near-term catalysts via accelerated deleveraging and potential divestment of the Brazil portfolio." The Globe's David Leeder writes that Mr. Lam now sees the Vancouver-based miner "increasingly becoming a core holding for investors given the robust production profile in Canada." With his unchanged "buy" rating, Mr. Lam raised his share target to $22 from $20, exceeding the $20.19 average on the Street. Mr. Lam says in a note: "We anticipate robust FCF being generated with near term catalysts including accelerated deleveraging and a potential sale of the Brazil portfolio. We view Equinox as a go-to name for investors given increasing production profile and weighting in Canada, further supported by advancement of the Castle Mountain Phase 2 project in California via the US FAST-41 process. ... We estimate Equinox shares trading at a 15-per-cent discount on spot NAV vs intermediate peers, which in our view is unwarranted and based on investor caution around execution on the ramp ups at the two flagship Canadian assets."