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. reports news as a Canadian gold mining company with operating mines and development projects across Canada and the Americas. Recurring updates cover gold production, operating costs, financial results, Mineral Reserves and Mineral Resources, technical reports, and operating progress at assets including the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland and Labrador.
Company announcements also address expansion and development work at projects such as Castle Mountain and Los Filos, portfolio changes following the completed Calibre combination, balance-sheet management, dividends, normal course issuer bids, and annual shareholder meeting results. The news record reflects a producer focused on gold operations, mine ramp-ups, exploration and capital allocation.
Summary not available.
Summary not available.
Equinox Gold Corp. has announced a bought deal private placement agreement with underwriters to sell 11,600,000 units at C$2.76 each, raising gross proceeds of C$32,016,000. Each unit consists of one common share of i-80 Gold Corp. and one-half of a purchase warrant, potentially increasing total gross proceeds to C$52,026,000 if all warrants are exercised. Following this offering, Equinox Gold's ownership in i-80 Gold will decrease from 24.7% to 19.97% initially, and to 17.6% if all warrants are exercised. The offering is expected to close on March 28, 2023, with net proceeds going directly to Equinox Gold.
Equinox Gold Corp. reported its Q4 and full-year 2022 results, showcasing a strong operational quarter despite a net loss of $106 million for the year. The Company produced 532,319 ounces of gold at an all-in sustaining cost of $1,622 per ounce, with Q4 production reaching 150,439 ounces.
For 2023, the outlook is optimistic, projecting gold production between 555,000 to 625,000 ounces, and all-in sustaining costs of $1,575 to $1,695 per ounce. With $327 million in liquidity, Equinox aims to fund ongoing construction at the Greenstone project, now 65% complete.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) will release its audited financial and operational results for Q4 and FY 2022 on February 21, 2023, after market close. This announcement will also include 2023 production and cost guidance.
A live conference call and webcast will follow on February 22, 2023, at 7:30 am PT (10:30 am ET). The event will be available for replay on the company's website until August 22, 2023.
Summary not available.
Equinox Gold Corp. (TSX: EQX) provides an update on its Greenstone Project in Ontario, Canada, reporting that construction is over 66% complete and on schedule to pour gold in H1 2024. The project, a 60/40 partnership with Orion Mine Finance Group, is expected to produce 400,000 ounces of gold annually for the first five years. As of December 31, 2022, 71% of total capital costs were contracted, with $680 million (55%) spent from a $1.23 billion budget. Key milestones include pre-production mining ahead of schedule, successful equipment delivery, and completion of vital infrastructure, including a permanent effluent water treatment plant.
Equinox Gold Corp. (NYSE: EQX) reported a strong Q4 2022 with 150,439 ounces of gold produced, leading to a total of 532,319 ounces for the year. The company ended 2022 with approximately $200 million in cash and significant liquidity, including $127 million available from its credit facility. Despite operational challenges earlier in the year, Equinox made substantial progress on projects like Greenstone and Santa Luz. The company continues to address production efficiencies and plans to release 2023 guidance soon.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) has sold 11 million common shares of Solaris Resources Inc. (TSX: SLS) for gross proceeds of C$70.4 million. Following this transaction, Equinox's ownership in Solaris has dropped to below 10%, and it will no longer file insider reports related to Solaris shares. Equinox has agreed not to sell any remaining Solaris securities for 120 days while maintaining supportive shareholder status. This strategic divestment reflects Equinox's ongoing evaluation of its capital requirements and business strategy.
Equinox Gold Corp. (TSX: EQX, NYSE: EQX) has entered into an equity distribution agreement for an at-the-market equity offering program with BMO Capital Markets and National Bank Financial. This program allows the Company to sell up to US$100 million of common shares in Canada and the U.S. The program is valid until December 21, 2024, with proceeds aimed at expanding production, potential mergers, and working capital. The Company has also amended an Investor Rights Agreement with Mubadala, granting a biannual top-up right regarding any shares issued through this offering.