Equinox Gold Stock Price, News & Analysis

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) will release its unaudited financial and operational results for the fourth quarter and fiscal year ended December 31, 2021, on February 24, 2022, after market close. A conference call and webcast will follow on February 25, 2022, at 7:30 am PT. Investors can access the call through a toll-free number or international line, with a recording available on Equinox Gold's website until August 25, 2022.

Equinox Gold Corp. (NYSE American: EQX) announced a 2022 production guidance of 625,000 to 710,000 ounces of gold, an increase from 602,100 ounces in 2021. Cash costs are projected between $1,080 and $1,140 per ounce, while all-in-sustaining costs (AISC) will range from $1,330 to $1,415 per ounce. This guidance excludes the Mercedes Mine, expected to be sold in Q1 2022. The company anticipates a significant production boost in H2 2022, aided by the Santa Luz mine's transition to operations.

Equinox Gold Corp. (EQX) announced record gold production of 210,400 ounces in Q4 2021, contributing to a total of 602,100 ounces for the year, a 26% increase over 2020. The company successfully met its production guidance and realized over $1 billion in revenue. Noteworthy developments include the commencement of construction at the Greenstone project and significant progress at the Santa Luz mine. Equinox Gold maintains a solid financial position with $310 million in cash and a $450 million investment portfolio, setting the stage for continued growth in 2022.

Equinox Gold Corp. (TSX: EQX) announced the appointment of François Bellemare to its Board of Directors, effective January 1, 2022. Mr. Bellemare will replace Tim Breen as a board appointee from Mubadala Investment Company and will also serve on the Environment, Social, and Governance Committee. With extensive experience in the mining sector and a history at Mubadala, he is expected to contribute significantly to the Company's strategic goals. The Chairman, Ross Beaty, expressed confidence in Bellemare's expertise and familiarity with the Company since Mubadala's investment in April 2019.

Equinox Gold Corp. (EQX) announced a definitive agreement to sell its Mercedes Gold-Silver Mine in Mexico for $100 million, comprising $75 million on closing and $25 million within six months. Additionally, the company will receive 24.73 million common shares of Bear Creek Mining Corp., valued at $25 million, and a 2% net smelter return from Mercedes. The sale strengthens Equinox's balance sheet, allowing focus on larger projects like Greenstone. The transaction is subject to regulatory approvals and expected to close in Q1 2022.

Equinox Gold Corp. (TSX: EQX) has filed a National Instrument 43-101 technical report detailing a pre-feasibility study for the expansion of its Aurizona gold mine in Brazil. This report also includes an updated Mineral Reserve and Mineral Resource estimate, following results released on September 20, 2021. The technical report is accessible on SEDAR and EDGAR, as well as the company's official website.

Equinox Gold Corp. (EQX) reported significant progress in Q3 2021, producing 139,758 ounces of gold and selling 137,144 ounces at an average price of $1,780 per ounce. Despite a net loss of $5.2 million, the company’s adjusted EBITDA rose to $62 million. Operationally, the Los Filos mine resumed full operations, while Santa Luz construction is 70% complete. Looking ahead, Equinox Gold is on track to meet its 2021 guidance and anticipates increased production in 2022, aiming for over one million ounces annually.

Equinox Gold Corp. has initiated full-scale construction of the Greenstone Gold Mine in Ontario, Canada, a joint venture with Orion Mine Finance. The mine is expected to produce over 400,000 ounces of gold annually for the first five years and a total of 5.05 million ounces over its 14-year lifespan. The initial capital budget is approximately $1.23 billion, with a contingency of $177 million. The project will create 800 local and 1,300 regional jobs during construction. The first gold pour is targeted for H1 2024.

Equinox Gold Corp. (TSX: EQX) has filed National Instrument 43-101 technical reports detailing mineral reserves and resources for its Fazenda and RDM gold mines in Brazil. These reports, stemming from results released on September 8, 2021, are now accessible for download on SEDAR and EDGAR, as well as the Company’s website. The latest findings are crucial for stakeholders and provide transparency regarding the company's mining assets.