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.
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.
Equinox Gold (TSX: EQX) has successfully completed the sale of 10 million shares of Solaris Resources Inc. (TSX: SLS), generating C$82.5 million in gross proceeds. The transaction also includes granted warrants allowing buyers to purchase an additional 5 million Solaris shares at C$10.00 per share over the next 12 months, potentially adding C$50.0 million if fully exercised. The Company acknowledges potential risks and uncertainties regarding future proceeds from these warrants.
Equinox Gold Corp. (NYSE American: EQX) will hold its annual general meeting (AGM) on May 5, 2021, at 1:30 pm Vancouver time. The company will announce its first quarter 2021 financial results during market hours on the same day and discuss them in a corporate update at 2:00 pm. Due to COVID-19, the AGM will be virtual, with registered shareholders able to submit questions. Proxy forms for voting must be submitted by May 3, 2021. Detailed meeting materials are available on Equinox Gold's website.
Equinox Gold Corp. (NYSE American: EQX) has sold its Pilar Gold Mine in Brazil to Pilar Gold Inc. for a total of $38 million. The payment structure includes $10.5 million on closing, $10 million due by May 31, and $17.5 million by July 31, 2021. Equinox will also receive a 9.9% equity interest in Pilar Gold Inc. and a 1% net smelter returns royalty. The Pilar Gold Mine represents approximately 35,000 ounces (5%) of Equinox's 2021 production guidance of 600,000 to 665,000 ounces of gold.