Equinox Gold Stock Price, News & Analysis

Equinox Gold (NYSE: EQX) has released its 2024 Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) initiatives. The company achieved a 31% improvement in environmental performance and maintained strong safety records, including eight years without lost-time injuries at Mesquite Mine.

Key achievements include US$10.1 million in social investments, 96% procurement spend within host countries, and implementation of water stewardship initiatives. The company diverted 4,531 tonnes of waste from disposal and rehabilitated 38.5 hectares of land. For 2025, Equinox Gold plans to focus on improving safety performance, implementing HR strategies, and enhancing risk management systems.

Equinox Gold (NYSE:EQX) reported Q2 2025 gold production of 219,122 ounces, including 51,274 ounces from Greenstone and 72,823 ounces from Calibre Mining assets. Year-to-date production reached 401,211 ounces. The company maintains a strong financial position with $406 million in cash as of June 30, 2025.

Following the successful merger with Calibre Mining, EQX has strengthened its portfolio with two high-quality Canadian gold mines. The Valentine Gold Mine is on track for first ore processing in late August 2025, with first gold expected a month later. The company's updated 2025 consolidated guidance targets 785,000 to 915,000 ounces of gold production.

The company is implementing improvement plans at Greenstone, expecting stronger performance in H2 2025. Additionally, EQX is conducting an extensive exploration program with 250,000 metres of discovery and resource expansion drilling underway.

Equinox Gold (EQX) has completed its acquisition of Calibre Mining Corp., creating a major Americas-focused gold producer. The merger positions Equinox Gold to become Canada's second-largest gold producer, anchored by two key Canadian assets: the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland & Labrador. Valentine is nearing completion with first gold expected by Q3 2025. The combined company will be led by Greg Smith as CEO, Darren Hall as President and COO, and Peter Hardie as CFO. The board has been restructured with four former Calibre directors joining. The transaction aims to enhance scale, resilience, and growth potential by combining complementary assets and operational expertise across five countries.

Equinox Gold (EQX) updates its 2025 guidance following the Calibre Mining merger and slower Greenstone Mine ramp-up. Pro forma consolidated guidance expects 785,000-915,000 gold ounces at total cash costs of $1,400-$1,500/oz and AISC of $1,800-$1,900/oz. Greenstone's production forecast is reduced to 220,000-260,000 ounces from original 300,000-350,000 due to equipment issues and lower grades. Q2 2025 expects 135,000-145,000 ounces from Equinox mines and 70,000-72,500 ounces from Calibre. The Calibre merger should close by June 2025. Guidance excludes Valentine Gold Mine and Los Filos Complex. Mining rates at Greenstone improved 25% in May vs Q1, with stronger H2 2025 expected. Valentine remains on track for first gold by Q3 2025.

Equinox Gold (NYSE: EQX) reported its Q1 2025 financial results, achieving record first-quarter production of 145,290 ounces of gold. The company sold 147,920 ounces at an average price of $2,858 per oz. Financial highlights include revenue of $423.7M, a net loss of $75.5M ($0.17 per share), and adjusted EBITDA of $137.9M. Total cash costs were $1,769 per oz with AISC of $2,065 per oz. Key developments include a pending merger with Calibre Mining, creating an Americas-focused gold producer anchored by Greenstone and Valentine mines. Los Filos operations were suspended indefinitely from April 1, 2025, due to incomplete community agreements. The company maintains its 2025 guidance of 635,000-750,000 ounces (excluding Los Filos and Castle Mountain) at cash costs of $1,075-$1,175 per oz.

Equinox Gold (NYSE: EQX) shareholders have approved all matters at their annual and special meeting, including the crucial share issuance resolution for the business combination with Calibre Mining. The transaction received 85.87% approval for issuing up to 296,838,303 common shares. Calibre securityholders also approved the merger at their meeting. The deal awaits final court approval from the Supreme Court of British Columbia (hearing expected May 6, 2025) and Mexican competition authorization. With Canadian regulatory approval already secured, the transaction is expected to close by the end of Q2 2025.

The meeting saw strong participation with 69.56% of outstanding shares represented. Shareholders also approved the election of eight directors, reappointed KPMG LLP as auditor, amended the restricted share unit plan, and endorsed the company's executive compensation approach.

Equinox Gold Corp (TSX: EQX) (NYSE American: EQX) has scheduled the release of its first quarter 2025 financial and operating results for Wednesday, May 7, 2025, after market close. The company will hold a conference call and webcast to discuss the results on Thursday, May 8, 2025, at 7:30 am PT (10:30 am ET).

Investors can access the conference call toll-free from U.S. and Canada at 1-833-752-3366, while international callers can dial +1-647-846-2813. The webcast will be available on the company's website and archived until November 7, 2025.

Equinox Gold (EQX) and Calibre Mining have amended their arrangement agreement for their proposed business combination announced on February 23, 2025. Under the new terms, Calibre shareholders will receive 0.35 Equinox Gold common shares for each Calibre share, representing a 10% premium to Calibre's closing price on February 21, 2025.

Upon completion, existing Equinox Gold and former Calibre shareholders will own approximately 61% and 39% of the combined company, respectively. The combination aims to create a major gold producer with potential production of over 1.2 million ounces annually, focused on mining-friendly jurisdictions in the Americas.

Both companies have adjourned their shareholder meetings to May 1, 2025. Preliminary assessment shows overwhelming approval with almost 70% of Equinox Gold shares voted in favor. An additional large Calibre shareholder holding 2.23% has entered into a voting support agreement.

Equinox Gold (TSX: EQX, NYSE American: EQX) has received positive voting recommendations from proxy advisory firms ISS and Glass Lewis for its proposed business combination with Calibre Mining. The merger deadline for proxy voting is set for April 22, 2025, with the shareholder meeting scheduled for April 24, 2025.

The combination aims to create a major diversified gold producer in the Americas with:

• Potential for over 1.2 million ounces of annual gold production across five countries
• Second-largest gold producer in Canada through Greenstone and Valentine Gold mines, expected to produce 590,000 ounces annually at capacity
• Enhanced free cash flow generation at current high gold prices
• Growth opportunities through Valentine Gold Mine ramp-up and development projects

The combined company will be led by CEO Greg Smith, with Darren Hall serving as President and COO. The board will include six directors from Equinox Gold and four from Calibre, including Ross Beaty, Blayne Johnson, and Doug Forster.