Equinox Gold Stock Price, News & Analysis

Equinox Gold Corp. announced updated Mineral Reserve and Resource estimates for its gold mines in California and Brazil, reflecting significant exploration drilling completed in 2020. At the Mesquite mine, Measured and Indicated Mineral Resources increased by 65% to 1,384,000 oz of gold, while Inferred Resources rose 30% to 912,000 oz. Fazenda's Mineral Reserves remain stable at 315,000 oz, despite a 31-month mining depletion. The Riacho Dos Machados mine showed a 30% decrease in Mineral Reserves due to depletion. Upcoming technical reports and prefeasibility studies are also in progress.

Equinox Gold Corp. (EQX) reported strong second quarter 2021 results, producing 122,656 ounces of gold and achieving a net income of $325.7 million, or $1.10 per share. The company saw cash costs of $1,089 per ounce and all-in sustaining costs of $1,382 per ounce. Despite disruptions at Los Filos due to illegal blockades, production is expected to rise in H2 2021 with better costs. The acquisition of Premier Gold Mines bolstered operations, and guidance for production has been updated to 560,000-625,000 ounces for the year.

Equinox Gold Corp. (NYSE American: EQX) announced the removal of a community blockade at its Los Filos Mine in Mexico, allowing the company to resume regular operations. This resolution is expected to enhance production and operational stability at the mine, which is a significant asset for the company. Resuming full operations may positively influence both output and financial performance moving forward.

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announces the removal of a union blockade at its Los Filos Mine in Mexico, allowing operations to resume. While access to the mine is restored, some members of the Xochipala community remain encamped near the open pits, hindering activities in specific areas. The company is in talks with government and community representatives to resolve these disruptions.

Equinox Gold Corp. (TSX: EQX) will release its unaudited financial and operating results for the second quarter of 2021 on August 4, 2021. The company will conduct a live conference call and webcast on August 5, 2021, at 7:00 am PT (10:00 am ET), allowing analysts and investors to engage with the executive team. This event is crucial for stakeholders to gain insights into the company's performance and future outlook. The webcast will be available on the company's website until February 5, 2022.

Equinox Gold Corp. (EQX) has commenced mining operations at its Santa Luz Gold Mine in Brazil, with plans to start gold production in Q1 2022. The company is on track for commissioning in Q4 2021, aiming for an annual output of 110,000 ounces of gold for the first five years. As of June 2021, approximately $31 million has been spent of the $103 million budget, with significant construction milestones achieved, including the installation of the ball mill. The project is 41% complete, with engineering and procurement nearly finalized.

Equinox Gold Corp. (TSX: EQX) has suspended mining activities at its Los Filos Mine in Mexico due to illegal blockades imposed by unionized employees and members of the Xochipala community. These groups are demanding payments above their contractual obligations. The company is actively seeking a long-term solution to resume operations effectively. This situation may affect production and cost estimates, as indicated in the company's forward-looking statements.

Equinox Gold Corp. (TSX: EQX) reported that shareholders approved all agenda items during its annual general meeting held on May 5, 2021. Key outcomes included the election of nine directors, re-appointment of KPMG LLP as the independent auditor, and approval of amendments to the Company's Articles to increase the quorum threshold for meetings. The 'Say on Pay' advisory vote supporting executive compensation received 98.82% approval. A total of 140,100,255 common shares, accounting for 57.74% of issued shares, were represented at the meeting.

Equinox Gold Corp. announced its Q1 2021 financial results on May 5, revealing significant operational updates and challenges. The company produced 129,233 ounces of gold and achieved a net income of $50.3 million, or $0.21 per share. Despite these figures, adjusted net loss stood at $3.6 million, highlighting operational difficulties and higher costs. Notably, cash costs rose to $1,141 per ounce, impacting profit margins. The company maintains its production guidance of 600,000-665,000 ounces for 2021, bolstered by acquisitions including Premier Gold and investments in the Greenstone Project.