Welcome to our dedicated page for Equinox Gold news (Ticker: EQX), a resource for investors and traders seeking the latest updates and insights on Equinox Gold stock.
Equinox Gold Corp. (EQX) is a Canadian gold mining company that regularly issues detailed updates on its operations, growth projects and financial performance. The EQX news feed on Stock Titan brings together these disclosures so readers can follow how the company’s gold production profile and asset base evolve over time.
Company news releases frequently cover quarterly and annual production results, including records achieved across the portfolio and at specific mines. Recent updates have highlighted ramp-up progress at the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland & Labrador, as well as contributions from operations in the United States, Mexico, Brazil and Nicaragua. These releases often include commentary on mining rates, mill throughput, grades and commissioning milestones.
Equinox Gold’s news flow also addresses portfolio and corporate developments. Examples include the merger with Calibre Mining, the sale of non-core Nevada assets, and an agreement to sell its Brazil operations as part of a broader portfolio optimization strategy. The company uses its news releases to explain how such transactions affect its production platform, balance sheet and focus on long-life, lower-cost assets in selected jurisdictions.
Investors and followers of EQX can use this news page to review information on development and expansion projects, such as Castle Mountain Phase 2 in California, Phase 2 studies at Valentine and technical work at Los Filos in Mexico. Together with financial and operating updates, these items provide insight into Equinox Gold’s stated priorities of disciplined execution, operational excellence and long-term value creation. Bookmark this page to access the latest EQX production reports, project updates and transaction announcements in one place.
Equinox Gold Corp. announced on August 3, 2022, that Christian Milau will be leaving his position as CEO to pursue opportunities in the carbon finance sector. The Board of Directors appointed Greg Smith, previously President, as the new CEO effective September 1, 2022. Ross Beaty, Chair of Equinox Gold, praised Milau's leadership during significant company growth and expressed confidence in Smith's abilities to manage operations and advance the company’s long-term goals, including ongoing construction of Greenstone and expansion projects.
Equinox Gold Corp. (TSX: EQX) announced a revised credit facility to strengthen its balance sheet and liquidity. Key changes include increasing the revolving facility limit from $400 million to $700 million, with $300 million drawn at the end of Q2 2022 and an additional $100 million drawn in July 2022. The facility eliminates principal payments until mid-2026 and adds a $100 million uncommitted accordion feature. Pricing for advances has been reduced, and the maturity date extended to July 2026. CFO Peter Hardie emphasized the benefits of this financial flexibility for the company's growth strategy.
Equinox Gold Corp. (TSX: EQX) has announced that its Greenstone Project in Ontario, Canada, is on track for completion. As of July 22, 2022, the project is 35% complete, with a budget of $1.23 billion and $315 million expended. Independent assessments confirm that it remains on schedule to pour gold by mid-2024. Key developments include the delivery of haul trucks, with pre-production mining set to begin in Q4 2022. Overall, the project is on budget with no recorded lost-time injuries, allowing for sustained progress despite inflation and supply chain challenges.
Equinox Gold Corp. (TSX: EQX) will release its unaudited financial and operational results for Q2 2022 on August 3, 2022, after market close. A conference call and webcast will follow on August 4, 2022, at 7:30 AM PT (10:30 AM ET) for discussion of the results. Investors can access the call toll-free in the U.S. and Canada at 1-800-319-4610 or internationally at +1 604-638-5340. The webcast will be available for archival viewing on Equinox Gold's website until January 4, 2023.
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Equinox Gold Corp. (TSX: EQX) has received approval for the tailings storage facility (TSF) raise at its RDM Mine in Brazil, following its earlier announcement. The contractor is set to mobilize equipment in early June, aiming for full operational resumption by mid-July 2022. An update on RDM's guidance will be provided with Q2 2022 disclosures in the first week of August. The company warns that forward-looking statements in this release are subject to risks and uncertainties that could impact actual results.
Equinox Gold Corp. (TSX: EQX, NYSE: EQX) and Sandstorm Gold Ltd. (NYSE: SAND, TSX: SSL) announced the formation of Sandbox Royalties Corp., a new diversified metals royalty company. Rosedale Resources Ltd. will acquire royalties from Equinox Gold and Sandstorm for a total of $93.4 million. Sandbox will hold a diversified portfolio of 23 royalties across various metals, providing immediate cash flow and exposure to resource growth. Equinox and Sandstorm will retain significant ownership stake of 30% and 34%, respectively, in Sandbox, supporting future growth.
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Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced the temporary suspension of operations at its RDM Mine in Brazil due to delays in obtaining permits for a tailings storage facility (TSF) raise. The company expects to resume operations within two months of receiving regulatory approval, anticipated in Q2 2022. As a result, Equinox has withdrawn its 2022 production guidance for RDM, which was initially forecasted at 70,000 to 80,000 ounces of gold, approximately 11% of total consolidated production of 625,000 to 710,000 ounces.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced that shareholders approved all proposals at the annual general meeting on May 4, 2022. Notably, the election of management's nominees as directors and the appointment of KPMG LLP as the independent auditor received wide support, with over 99% voting in favor. Additionally, amendments to the company's restricted share unit plan were accepted, increasing the maximum number of shares from 7 million to 12.4 million. All voting results can be reviewed in detail on the company's website.