Equinox Gold Stock Price, News & Analysis

Equinox Gold Corp. (EQX) announced an agreement with Orion Mine Finance Group to acquire an additional 10% stake in the Hardrock Mine Project for $51 million, increasing its interest to 60%. The Hardrock Project, a fully permitted gold mine in Ontario, is expected to yield over 240,000 gold ounces annually. The transaction includes payment terms allowing for up to $41 million to be settled in shares and certain contingent payments linked to production milestones. The acquisition is contingent upon the completion of Equinox's acquisition of Premier Gold Mines, expected in March 2021.

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) is set to reveal its unaudited financial and operational results for the fourth quarter and fiscal year ending December 31, 2020, on March 3, 2021, after market close. A live conference call and webcast will occur on March 4, 2021, at 7:00 am PT (10:00 am ET) to discuss these results. The conference call can be accessed 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 on Equinox Gold's website until September 4, 2021.

Equinox Gold (TSX: EQX) has received overwhelming approval from Premier Gold Mines Limited shareholders for its acquisition of the company, with 99.9% voting in favor. The transaction will involve Premier shareholders receiving 0.1967 of an Equinox share for each Premier share. Following the close of the deal in March, Equinox shareholders will own approximately 84% of the combined entity. Additionally, a spin-out of a new gold production company, i-80 Gold Corp, will be created, focusing on Nevada assets, with existing Premier shareholders obtaining a 70% stake in i-80 Gold.

Equinox Gold announced that 99.9% of Premier Gold Mines Limited's shareholders approved the acquisition, with a share exchange rate of 0.1967 Equinox shares for each Premier share. Following this, existing shareholders will hold approximately 84% and 16% of Equinox Gold, respectively. The transaction, expected to close in March 2021, includes the spin-out of a new company, i-80 Gold Corp., which will hold Premier’s Nevada assets. Equinox will retain Premier's key assets, including the Hardrock Project in Ontario and the Mercedes Mine in Mexico.

Equinox Gold Corp. (EQX) announced its 2021 production guidance of 600,000 to 665,000 ounces of gold, a notable 33% increase from 2020’s 477,200 ounces. Cost guidance includes cash costs of $940 to $1,000 per ounce and all-in sustaining costs (AISC) of $1,190 to $1,275 per ounce. The company plans significant investments in its mine expansions and exploration, aiming for production growth to reach approximately 900,000 ounces in 2022 and 1 million ounces by 2023. A virtual investor reception is scheduled for today.

Equinox Gold Corp. (TSX: EQX) will hold a virtual investor reception on February 9, 2021, at 7:00 am PT (10:00 am ET), hosted by Chairman Ross Beaty. This event will include a corporate update on current projects and the release of the company’s 2021 production and cost guidance. CEO Christian Milau will discuss the company's long-term strategy and future milestones. The investor reception will be available via webcast and conference call, with archived access until August 9, 2021.

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced promising drill results from the Piaba Underground and Genipapo targets at its Aurizona Gold Mine in Brazil. The 2020 drill program yielded significant gold mineralization, with 96% of drill holes intersecting valuable deposits. A $7.3 million exploration program is planned for 2021 to expand resources. Highlights include 5.56 g/t Au over 24.0 m at Piaba and notable finds at Genipapo. The ongoing prefeasibility study aims to evaluate concurrent underground and open-pit mining operations.

Equinox Gold Corp. announced record gold production for 2020, exceeding revised guidance with 477,200 ounces produced. This includes 136,400 ounces in Q4, aided by ramp-up at Castle Mountain. The company expanded its operations from two to seven mines, with an eighth under construction and the acquisition of Premier Gold Mines underway. Equinox Gold holds $345 million in cash and plans to produce over one million ounces annually. Full financial results will be released in March 2021, alongside 2021 production guidance.

Equinox Gold Corp. has successfully resolved the blockade at its Los Filos Mine in Mexico, restoring access to the site. The mine is initiating a staged restart, with full operations anticipated by January. Workers will return following negative COVID-19 tests. The company is actively engaging with community leaders to finalize aspects of the Carrizalillo social collaboration agreement, enhancing local relations and operational stability.