Equinox Gold: Correction From Source
Rhea-AI Summary
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has issued a correction to its previously released second quarter 2024 financial and operating results. The company clarified that in connection with a new Term Loan, it had entered into gold collar contracts to deliver a total of 279,996 ounces, not 279,996 ounces per month as initially stated. This error appeared in both the news release and the company's management's discussion and analysis (MD&A) for the three and six months ended June 30, 2024.
Equinox Gold will file the corrected MD&A on SEDAR+, EDGAR, and the company's website. The correction does not affect any other information in the original news release or MD&A.
Positive
- None.
Negative
- Error in financial reporting requiring correction
- Potential confusion for investors due to misstated gold collar contract details
News Market Reaction
On the day this news was published, EQX declined 4.31%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - August 7, 2024) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") announces a correction to its news release issued today at 5:13 pm PT (8:13 pm ET) entitled "Equinox Gold Reports Second Quarter 2024 Financial and Operating Results".
The news release incorrectly stated that in connection with a new Term Loan, the Company had entered into gold collar contracts to deliver 279,996 ounces per month beginning July 2024 through to June 2026. The news release should have read that the gold contracts require the delivery of a total of 279,996 ounces. This error also occurred in the Company's management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2024.
This correction does not change any other information in the news release or the MD&A.
The corrected MD&A will be filed on the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on the Company's website at www.equinoxgold.com.
EQUINOX GOLD CONTACTS
Greg Smith, President & Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: ir@equinoxgold.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219225
FAQ
What correction did Equinox Gold (EQX) make to its Q2 2024 financial results?
Where can investors find the corrected MD&A for Equinox Gold (EQX)?
Does the correction affect other information in Equinox Gold's (EQX) Q2 2024 report?
What is the time period for Equinox Gold's (EQX) gold collar contracts?
