EQUINOX GOLD CORP TSX:EQX Price, Chart, News & Insight

Equinox Gold Falls 1.6% Premarket Despite Record Revenue as Cost and Guidance Concerns Weigh

Equinox Gold (NYSE American: EQX) shares fell about 1.6% in premarket trading despite reporting record third-quarter revenue and adjusted EBITDA, as investors appeared to focus on elevated costs and guidance pointing toward the weaker ends of the company’s full-year ranges.

Third-quarter revenue reached a record $1.05 billion, while adjusted EBITDA rose to $533 million from $419.9 million a year earlier. Adjusted net income increased to $199.3 million, or $0.19 per share. However, reported net income fell to $62.5 million from $75.6 million, and GAAP EPS declined to $0.06 from $0.10.

Gold production totaled 237,019 ounces, including contributions from Musselwhite and Camino Rojo following the Orla Mining combination. Cash costs were $1,654 per ounce and all-in sustaining costs were $2,091 per ounce, although both improved sequentially.

Equinox said it remains on track to achieve only the low end of its updated 2026 production guidance of 870,000-920,000 ounces while expecting costs near the high end of its $1,900-$2,000 per ounce AISC range.

The company nevertheless continues to generate substantial cash, ending the quarter with $1.2 billion of liquidity and returning $35.3 million to shareholders through dividends and share repurchases.

The 1.6% premarket decline therefore appears to reflect concerns over elevated operating costs, softer GAAP earnings and full-year production tracking toward the low end of guidance, outweighing record revenue, stronger adjusted EBITDA and improving cash generation.

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European Investor 11-10-26

**Equinox Gold Reports Strong Q1 Production, Cuts Debt and Initiates Dividend**

Equinox Gold reported first-quarter 2026 gold production of 197,628 ounces, supported by solid contributions from its Canadian and international operations.

The company generated significant financial improvement during the quarter, reducing debt by $990 million following the sale of its Brazil operations and strong cash flow. It also paid its first-ever dividend of $0.015 per share, signaling confidence in its balance sheet and outlook.

Canadian assets Greenstone and Valentine continued ramping up, with production expected to increase further in the second half of the year. Across its portfolio, Equinox highlighted ongoing exploration success and development initiatives aimed at boosting long-term output.

The company expects its operations to benefit from the current gold price environment, supporting continued cash flow generation and future production growth projects.

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WS Investor 04-09-26

March 31, 2026 — Equinox Gold updated the technical outlook for its Canadian operations, projecting average annual gold production of approximately 540,000 ounces over the next decade.

The forecast is supported by updated reports for the Greenstone and Valentine mines, with Greenstone expected to produce around 320,000 ounces annually and Valentine about 223,000 ounces following a planned expansion by 2028. The company also reported substantial reserves and resources, including 19 million ounces of gold in mineral reserves.

Equinox Gold highlighted opportunities to further increase output through operational optimization, higher-grade underground resources, and ongoing exploration across its large land packages. The company has allocated $70–80 million for exploration in 2026 to support future growth and extend mine life.

The update underscores the company’s focus on scaling production and strengthening its position as a long-term gold producer in Canada.

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WS Investor 04-01-26

Equinox Gold Corp. provided an updated technical outlook for its Canadian operations, projecting average annual production of approximately 540,000 ounces of gold over the next decade.

The outlook is supported by its two key assets, Greenstone in Ontario and Valentine in Newfoundland & Labrador. Greenstone alone is expected to produce around 320,000 ounces annually, while Valentine is projected to add roughly 223,000 ounces per year following its Phase 2 expansion.

The company also reported substantial reserves and resources, including 19 million ounces of gold in Mineral Reserves, reinforcing long-term production visibility and growth potential.

Equinox Gold highlighted further upside through operational optimization, expansion projects, and a 2026 exploration budget of $70–80 million, aimed at extending mine life and increasing production capacity.

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WS Investor 03-30-26

Equinox Gold Corp. (TSX: EQX; NYSE American: EQX) announced that the TSX has accepted its notice to launch a normal course issuer bid (NCIB) to repurchase up to 39,414,095 common shares, representing approximately 5% of its 788,281,919 shares outstanding as of February 18, 2026.

The buyback may commence on March 2, 2026 and run until March 1, 2027, or until the maximum is reached. Purchases will be made on the TSX, NYSE American or alternative trading systems at prevailing market prices, with a daily TSX limit of 660,178 shares, subject to block purchase exceptions. All repurchased shares will be cancelled.

Management stated the NCIB reflects its view that the current share price does not fully reflect the company’s underlying value. The company has reduced debt by more than US$1.1 billion since Q2 2025 and recently initiated a quarterly dividend of US$0.015 per share.

Equinox Gold expects to implement an automatic share purchase plan (ASPP) to allow repurchases during blackout periods. The company is not obligated to purchase shares and may suspend or discontinue the program at any time.

Source: Equinox Gold press release, February 26, 2026.

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The Investor 02-28-26

Equinox Gold (TSX: EQX, NYSE American: EQX) reported a transformational 2025, marked by its merger with Calibre Mining, record production, significant debt reduction and the launch of its first dividend.

Full-year gold production reached a record 922,827 ounces, with 856,908 ounces within guidance. The company generated $1.82 billion in revenue, $915 million in operating cash flow (before working capital changes) and $1.34 billion in adjusted EBITDA. Net income totaled $221.5 million, while adjusted net income was $420.5 million. Since Q2 2025, debt has been reduced by more than $1.1 billion, with net debt declining to approximately $75 million as of January 31, 2026.

In Q4, production hit a record 247,024 ounces, generating $987.8 million in revenue and $579 million in adjusted EBITDA. Greenstone and Valentine contributed strong operational gains, with Valentine achieving commercial production ahead of schedule.

The company declared an inaugural quarterly dividend of $0.015 per share and plans to implement a share buyback program, subject to TSX approval. For 2026, Equinox expects production of 700,000 to 800,000 ounces at cash costs of $1,425–$1,525 per ounce.

Source: Company release.

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WS Investor 02-19-26

Equinox Gold announced a significant new gold discovery at its Valentine Gold Mine in Newfoundland and Labrador, identifying a previously unknown mineralized area known as the Minotaur Zone, located about 8 kilometers from the Valentine mill. The discovery was supported by artificial intelligence–driven targeting and has returned multiple high-grade drill intercepts, confirming the potential for a large new gold system outside existing resources.

In addition, ongoing drilling at the Frank Zone, adjacent to the current Leprechaun pit, continues to deliver broad, high-grade gold mineralization, strengthening the case for resource expansion and the potential development of a new open pit. With less than 15% of the 320-square-kilometer land package explored, Equinox Gold said the Valentine district shows strong potential for long-term growth beyond the current mine plan, with extensive drilling planned for 2026.

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Global Finance News 02-02-26

Equinox Gold Corp. said it has completed the sale of its Brazil operations to a subsidiary of CMOC Group for total consideration of up to $1.015 billion, significantly strengthening its balance sheet and accelerating its transition to a North America–focused gold producer. The transaction includes $900 million in cash proceeds received at closing, before adjustments, and a contingent production-linked payment of up to $115 million due on January 23, 2027.

Equinox Gold said it will use the proceeds to immediately repay its $500 million term loan, extinguish $300 million of debt related to the Sprott loan, and reduce balances on its revolving credit facility. As a result, senior debt is expected to fall to about $580 million, with net debt reduced to approximately $150 million, materially lowering interest expense and improving financial flexibility.

Chief Executive Officer Darren Hall said the sale streamlines the company’s portfolio and positions Equinox Gold to self-fund near-term organic growth and potentially pursue capital return initiatives. The company reaffirmed its development pipeline, which could add 450,000 to 550,000 ounces of incremental annual gold production in coming years, and cited 2026 consolidated production guidance of 700,000 to 800,000 ounces as a source of strong cash flow generation.

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The Investor 01-25-26

Equinox Gold reported record gold production in both the fourth quarter and full year of 2025, driven by strong operational performance across its expanded asset base and growing contributions from its Canadian operations.

The company produced a record 922,827 ounces of gold in 2025, including 247,024 ounces in the fourth quarter. Growth was supported by improved performance at the Greenstone mine in Ontario and the early ramp-up of the Valentine mine in Newfoundland, which achieved commercial production ahead of schedule in November. Preliminary results also showed a 24% increase in cash to $430 million by year-end, despite one-time tax payments and debt repayments.

Looking ahead, Equinox Gold forecast 2026 production of 700,000 to 800,000 ounces, with Canadian gold output expected to rise by around 80% year over year. The company said production growth will be supported by a full year of operations at Valentine, continued improvements at Greenstone, and disciplined capital allocation focused on high-return expansion projects.

Source: Equinox Gold Corp., January 14, 2026

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Global Finance News 01-14-26

Equinox Gold announced that its 100 percent-owned Valentine Gold Mine in Newfoundland and Labrador has reached commercial production, marking a significant step forward in the company’s Canadian growth strategy. CEO Darren Hall said the mine is performing ahead of expectations, with strong plant availability, throughput and recoveries during the commissioning period.

Over the past 60 days, the plant averaged 5,451 tonnes per day, equal to 80 percent of its 6,850 tpd nameplate capacity. Gold recovery averaged more than 93 percent using lower-grade commissioning feed of 1.2 grams per tonne. Valentine is expected to deliver at the higher end of the company’s Q4 guidance of 15,000 to 30,000 ounces.

Equinox Gold anticipates achieving full nameplate capacity by the second quarter of 2026, supporting annual production of 150,000 to 200,000 ounces next year. The company is also advancing Phase 2 studies that could raise mill throughput to 5 million tonnes per year, up from the 4 million tonnes outlined in the 2022 feasibility study.

Equinox Gold describes Valentine as a key contributor to its broader North American portfolio, which spans long-life mines and development projects across Canada and the Americas.

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The Investor 11-18-25

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