Equinox Gold Stock Price, News & Analysis

Equinox Gold (EQX) updates its 2025 guidance following the Calibre Mining merger and slower Greenstone Mine ramp-up. Pro forma consolidated guidance expects 785,000-915,000 gold ounces at total cash costs of $1,400-$1,500/oz and AISC of $1,800-$1,900/oz. Greenstone's production forecast is reduced to 220,000-260,000 ounces from original 300,000-350,000 due to equipment issues and lower grades. Q2 2025 expects 135,000-145,000 ounces from Equinox mines and 70,000-72,500 ounces from Calibre. The Calibre merger should close by June 2025. Guidance excludes Valentine Gold Mine and Los Filos Complex. Mining rates at Greenstone improved 25% in May vs Q1, with stronger H2 2025 expected. Valentine remains on track for first gold by Q3 2025.

Equinox Gold (NYSE: EQX) reported its Q1 2025 financial results, achieving record first-quarter production of 145,290 ounces of gold. The company sold 147,920 ounces at an average price of $2,858 per oz. Financial highlights include revenue of $423.7M, a net loss of $75.5M ($0.17 per share), and adjusted EBITDA of $137.9M. Total cash costs were $1,769 per oz with AISC of $2,065 per oz. Key developments include a pending merger with Calibre Mining, creating an Americas-focused gold producer anchored by Greenstone and Valentine mines. Los Filos operations were suspended indefinitely from April 1, 2025, due to incomplete community agreements. The company maintains its 2025 guidance of 635,000-750,000 ounces (excluding Los Filos and Castle Mountain) at cash costs of $1,075-$1,175 per oz.

Equinox Gold (NYSE: EQX) shareholders have approved all matters at their annual and special meeting, including the crucial share issuance resolution for the business combination with Calibre Mining. The transaction received 85.87% approval for issuing up to 296,838,303 common shares. Calibre securityholders also approved the merger at their meeting. The deal awaits final court approval from the Supreme Court of British Columbia (hearing expected May 6, 2025) and Mexican competition authorization. With Canadian regulatory approval already secured, the transaction is expected to close by the end of Q2 2025.

The meeting saw strong participation with 69.56% of outstanding shares represented. Shareholders also approved the election of eight directors, reappointed KPMG LLP as auditor, amended the restricted share unit plan, and endorsed the company's executive compensation approach.

Equinox Gold Corp (TSX: EQX) (NYSE American: EQX) has scheduled the release of its first quarter 2025 financial and operating results for Wednesday, May 7, 2025, after market close. The company will hold a conference call and webcast to discuss the results on Thursday, May 8, 2025, at 7:30 am PT (10:30 am ET).

Investors can access the conference call toll-free from U.S. and Canada at 1-833-752-3366, while international callers can dial +1-647-846-2813. The webcast will be available on the company's website and archived until November 7, 2025.

Equinox Gold (EQX) and Calibre Mining have amended their arrangement agreement for their proposed business combination announced on February 23, 2025. Under the new terms, Calibre shareholders will receive 0.35 Equinox Gold common shares for each Calibre share, representing a 10% premium to Calibre's closing price on February 21, 2025.

Upon completion, existing Equinox Gold and former Calibre shareholders will own approximately 61% and 39% of the combined company, respectively. The combination aims to create a major gold producer with potential production of over 1.2 million ounces annually, focused on mining-friendly jurisdictions in the Americas.

Both companies have adjourned their shareholder meetings to May 1, 2025. Preliminary assessment shows overwhelming approval with almost 70% of Equinox Gold shares voted in favor. An additional large Calibre shareholder holding 2.23% has entered into a voting support agreement.

Equinox Gold (TSX: EQX, NYSE American: EQX) has received positive voting recommendations from proxy advisory firms ISS and Glass Lewis for its proposed business combination with Calibre Mining. The merger deadline for proxy voting is set for April 22, 2025, with the shareholder meeting scheduled for April 24, 2025.

The combination aims to create a major diversified gold producer in the Americas with:

• Potential for over 1.2 million ounces of annual gold production across five countries
• Second-largest gold producer in Canada through Greenstone and Valentine Gold mines, expected to produce 590,000 ounces annually at capacity
• Enhanced free cash flow generation at current high gold prices
• Growth opportunities through Valentine Gold Mine ramp-up and development projects

The combined company will be led by CEO Greg Smith, with Darren Hall serving as President and COO. The board will include six directors from Equinox Gold and four from Calibre, including Ross Beaty, Blayne Johnson, and Doug Forster.

Equinox Gold (TSX: EQX, NYSE American: EQX) has announced the indefinite suspension of operations at its Los Filos Mine in Guerrero, Mexico, following the expiration of its land access agreement with the Carrizalillo community on March 31, 2025.

While the company reached consensus on terms in January 2025 and secured new long-term agreements with the Mezcala and Xochipala communities, Carrizalillo has not signed a new agreement. These community agreements are important for continued operations and the planned construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant intended to increase gold recoveries from higher-grade ore.

The company confirms it has not included any production from Los Filos Mine in its 2025 production guidance.

Equinox Gold (TSX: EQX, NYSE American: EQX) has announced its upcoming Annual & Special Meeting on April 24, 2025, where shareholders will vote on the proposed business combination with Calibre Mining Corp. Under the arrangement, Calibre shareholders will receive 0.31 Equinox Gold shares for each Calibre share, resulting in a 63%-37% ownership split between existing Equinox and Calibre shareholders.

The combined entity aims to become a major diversified gold producer in the Americas with potential for over 1.2 million ounces of annual gold production across five countries. The merger will create Canada's second-largest gold producer, with Greenstone Gold Mine and Valentine Gold Mine expected to collectively produce 590,000 ounces annually at capacity.

The Board unanimously recommends voting FOR the arrangement, citing benefits including substantial free cash flow generation, exceptional growth profile, and significant revaluation potential. Greg Smith will continue as CEO, while Calibre's CEO Darren Hall will serve as President and COO of the combined company.

Equinox Gold Corp (TSX: EQX) (NYSE American: EQX) has announced the filing of its audited financial statements and related management's discussion and analysis for both the fourth quarter and full year ended December 31, 2024.

The financial documents have been made available through multiple channels, including the company's website, SEDAR+, and EDGAR.