Equinox Gold Stock Price, News & Analysis

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) has agreed to sell 10 million shares of Solaris Resources Inc. for approximately C$82.5 million to Augusta Investments Inc. and a strategic shareholder. The sale includes warrants for an additional 5 million shares at C$10.00 each, potentially raising total proceeds to C$132.5 million. Post-sale, Equinox will hold about 16.9% of Solaris. CEO Christian Milau emphasized the transaction strengthens Equinox's balance sheet amidst ongoing expansion efforts.

Equinox Gold Corp. (EQX) will host its annual general meeting (AGM) on May 5, 2021, at 1:30 pm Vancouver time, in a virtual format due to COVID-19. Shareholders can participate via a live audiocast, and questions can be submitted through the platform. A conference call will follow at 2:00 pm to discuss business strategies and provide updates on ongoing projects. The company has filed a technical report on the Castle Mountain Gold Mine expansion and its Annual Information Form for the year ended December 31, 2020, available on its website and regulatory filings.

Equinox Gold Corp. (EQX) announced positive results from its Phase 2 expansion feasibility study at Castle Mountain Gold Mine, California. The mine is projected to produce 3.2 million ounces of gold at an average AISC of $858/oz, with average annual output of 218,000 oz over 14 years. The after-tax NPV5% is estimated at $640 million with an IRR of 18% at a gold price of $1,500/oz. The expansion is expected to create over 400 jobs and enhance operational efficiency through milling of higher-grade ore.

Equinox Gold (TSX: EQX, NYSE American: EQX) has filed its audited financial statements and related management's discussion and analysis for the year and quarter ending December 31, 2020. The details are accessible on the Company's website, SEDAR, and EDGAR sites. This filing is crucial for investors seeking insights into the Company's financial health and operational performance over the reporting period.

Equinox Gold announced its fourth quarter and full-year 2020 results, revealing a significant increase in gold production to 477,200 ounces, up from 201,000 ounces in 2019, and generating $842.5 million in revenue. The company reported a net income of $22.3 million for the year, with operating cash flow of $217 million. Future guidance suggests an ambitious production target of 600,000 to 665,000 ounces in 2021. Key acquisitions, including Premier Gold Mines, are expected to enhance operational scale and diversification.

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.