Equinox Gold Corp

EQX

Equity

ISIN null / Valor 49593383

Toronto Stock Exchange (2025-11-20)

CAD 17.08-5.22%

Equinox Gold Corp
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About company

Equinox Gold Corp is a mining company known for its strong reputation in the industry for managing companies and projects to the highest standards, with a clear commitment to strong governance, responsible mining, and transparent communication. The company is dual-listed on the Toronto Stock Exchange in Canada and the NYSE American Exchange in the United States, focusing on delivering financial growth while upholding high environmental, safety, and social standards. Equinox Gold's leadership team has established governance policies that provide the framework for the company's corporate culture and business practices, emphasizing the importance of strong financial, social, and environmental performance for long-term success.

Summarized from source with an LLMView SourceSector: Energy

Operational Highlights

During Q3 2024, Equinox Gold produced 173,983 ounces of gold and sold 173,973 ounces at an average realized price of $2,461 per ounce. The Greenstone Mine ramp-up led to increased mining and processing rates, culminating in the declaration of commercial production in October 2024.

Earnings Highlights

The company reported an income from mine operations of $101.4 million and a net income of $0.3 million. Adjusted net income stood at $37.4 million, reflecting improved operational efficiencies and higher gold prices.

Financial Highlights

Equinox Gold achieved an adjusted EBITDA of $141.9 million for the quarter, with cash flow provided by operations totaling $130.1 million before changes in non-cash working capital. The company maintained a strong cash position with $167.8 million in cash and equivalents and reduced net debt to $1,314.7 million.

Corporate and Exploration

The Greenstone ceremonial mine opened in late August, and the company successfully raised C$1.3 million through the “Ride to Greenstone” fundraiser. Additionally, an updated Mineral Resource Estimate was released for the Hasaga Property in Red Lake, ON.

Guidance and Future Outlook

For 2024, Equinox Gold updated its production guidance to 590,000 to 675,000 ounces of gold, with Q4 expected to deliver the highest quarterly production of the year. The company aims to leverage increasing cash flow to continue debt reduction and sustain growth momentum.

Summarized from source with an LLMView Source

Key figures

123%1Y

280%3Y

29.0%5Y

Performance

51.9%1Y

55.1%3Y

53.2%5Y

Volatility