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. has successfully acquired an additional 10% interest in the Greenstone Project, now holding 60% overall. The transaction, which closed on April 16, 2021, involved a cash payment of US$51 million to Orion Mine Finance Group. The Company also agreed to pay US$5 million contingent on a positive mine construction decision, plus approximately 2,200 ounces of refined gold based on production milestones. This joint venture is expected to yield over 240,000 ounces of gold annually upon production.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) announced the start of development for the Bermejal underground mine at the Los Filos Mine in Mexico. This project aims to enhance production with higher-grade ore.
Additionally, the company secured an updated social collaboration agreement with the Carrizalillo community, reinforcing community benefits and extending until April 2025.
CEO Christian Milau highlighted the positive impact of both the mine development and community engagement on future production and local welfare.
Equinox Gold Corp. has successfully acquired Premier Gold Mines Limited, enhancing its portfolio with assets including the Hardrock Project, now named Greenstone Project, and the producing Mercedes Mine in Mexico. This acquisition positions the company with eight operating mines and significant gold reserves across North America. Premier shareholders will receive Equinox shares and shares in the newly spun-out i-80 Gold Corp. Equinox also raised C$75 million through a private placement, with strategic growth initiatives underway for the Greenstone Project and other existing operations.
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.