Equinox Gold Stock Price, News & Analysis

Equinox Gold (EQX) and Calibre Mining announced a merger to create New Equinox Gold, set to become Canada's second-largest gold producer. Under the agreement, Calibre shareholders will receive 0.31 Equinox shares for each Calibre share, with existing Equinox and Calibre shareholders owning 65% and 35% of the combined company respectively.

The merged entity will operate mines across five countries, anchored by two Canadian assets: the Greenstone Mine and Valentine Gold Mine, expected to collectively produce 590,000 ounces of gold annually at capacity. Total production is projected at 950,000 ounces in 2025, with potential to exceed 1.2 million ounces annually when both mines reach full capacity.

The transaction, valued at approximately C$7.7 billion in market capitalization, is expected to close in Q2 2025, subject to shareholder and regulatory approvals. Concurrent with the merger announcement, Calibre secured US$75 million in convertible notes from various investors including Equinox.

Equinox Gold (EQX) reported record results for 2024, with 621,893 ounces of gold produced and 623,579 ounces sold at an average price of $2,423 per oz. The company achieved revenue of $1.5 billion and operating cash flow of $430.2 million.

Key highlights include the successful launch of Greenstone Mine with 111,700 ounces produced in its first partial year, and consolidation of 100% ownership through a $962.6 million acquisition. For 2025, EQX projects production of 635,000-750,000 ounces with cash costs of $1,075-$1,175 per oz.

The company faces uncertainty at Los Filos Mine, where operations depend on finalizing agreements with local communities. While two communities have signed new long-term agreements, one remains outstanding. EQX will suspend Los Filos operations indefinitely if all agreements aren't completed soon.

Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has announced it will release its fourth quarter and fiscal year 2024 financial and operating results, along with its 2025 production and cost guidance, on February 19, 2025, after market close.

The company will host a conference call and webcast to discuss these results on February 20, 2025, at 7:30 am PT (10:30 am ET). The webcast will remain accessible on Equinox Gold's website until August 20, 2025.

Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has announced the filing of a National Instrument 43-101 Technical Report for its Fazenda Mine in Brazil. The report details the updated Mineral Reserve and Mineral Resource estimate, which was initially announced on January 7, 2025. The technical report is being made available through multiple channels, including Equinox Gold's website, SEDAR+, and EDGAR platforms.

Equinox Gold (EQX) achieved record-breaking performance in Q4 and full-year 2024, producing 213,960 ounces of gold in Q4 and 621,870 ounces for the full year. The company's Greenstone mine, now under 100% ownership, contributed 111,710 ounces in its first partial year of operations after achieving commercial production.

The company ended 2024 with approximately $240 million in cash and equivalents, plus $105 million available on its revolving credit facility and an additional $100 million undrawn accordion feature. During Q4, EQX reduced debt by $180 million, including a $40 million final payment to Orion Mine Finance for Greenstone ownership and $140 million in convertible notes converted to equity.

Equinox Gold has announced significant updates to its Fazenda Mine's Mineral Reserve and Resource estimates, extending the mine life to 2033. The mine, operating in Bahia State, Brazil since 1984, has seen a 142% increase in Mineral Reserves to 763,000 ounces of contained gold, and a 418% increase in Measured and Indicated Mineral Resources to 1.524 million ounces.

The update incorporates 197,098 meters of drilling completed from January 2021 to December 2023, with improved connectivity between mineralized horizons. The mine plan includes nine open-pit and three underground mining areas. Reserve grades increased by 22% and Resource grades by 25%. The company has approved a 60,000-meter diamond drill program for 2025 focusing on Reserve replacement and near-mine resource growth.

Equinox Gold (EQX) reported record third-quarter 2024 results with production of 173,983 ounces of gold and sales of 173,973 ounces at an average price of $2,461 per oz. The company achieved revenue of $428.4M and adjusted EBITDA of $141.9M. Net income was $0.3M with adjusted net income of $37.4M. Total cash costs were $1,720 per oz and AISC of $1,994 per oz. The company updated its 2024 production guidance to 590,000-675,000 ounces, reflecting Greenstone Mine's ramp-up progress. Cash and cash equivalents stood at $167.8M with net debt of $1,314.7M as of September 30, 2024.

Equinox Gold announces commercial production at its Greenstone Mine in Ontario, Canada. During Q3, the mine processed 14,300 tonnes per day (53% of design throughput), producing 42,400 ounces of gold at 79% recovery rate and US$930 per ounce cash cost. Recent operations show improved performance with 20-day throughput averaging 20,400 tpd (76% of design). The crushing and grinding circuits have demonstrated full production capacity of 27,000 tpd. At full production, Greenstone will be among Canada's largest open-pit gold mines, with projected output of 390,000 ounces annually for the first five years and 330,000 ounces annually over a 15-year mine life.

Equinox Gold (TSX: EQX) (NYSE American: EQX) has announced it will release its unaudited financial and operating results for Q3 2024 on November 6, 2024, after market close. The company will host a conference call and webcast to discuss the results on November 7, 2024, at 7:30 am PT (10:30 am ET). The webcast will be available on the company's website until May 7, 2025.