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 (EQX) news coverage tracks developments from this Canadian mid-tier gold producer with operations across North America. As a company that has grown through acquisitions while advancing organic development projects, Equinox Gold generates news flow spanning production milestones, strategic transactions, and project updates.
Gold mining companies produce distinct news patterns tied to their operational cycle. For Equinox Gold, this includes quarterly production reports detailing gold output from each mine, operational updates on development projects advancing toward production, and announcements related to exploration drilling and resource expansion. The company's multi-asset portfolio means news often covers developments across several properties simultaneously.
Strategic corporate news forms another key category. Equinox Gold has pursued growth through acquisitions and portfolio optimization, generating announcements about asset purchases, divestitures, and corporate transactions. These strategic moves directly impact the company's production profile and growth trajectory, making them material for investors tracking the stock.
Financial news includes quarterly and annual results, production guidance updates, and capital allocation decisions. As a producer with multiple operating mines, Equinox Gold reports consolidated financial metrics alongside individual mine performance, providing visibility into which assets drive overall results.
Bookmark this page to follow Equinox Gold news as the company executes its North American gold production strategy and advances its development pipeline.
Equinox Gold announces its Q2 2024 financial and operating results. During the quarter, the company produced 122,221 ounces of gold and sold 115,423 ounces at an average realized gold price of $2,328 per oz. Despite facing slower recoveries at Mesquite mine and a geotechnical event at Aurizona mine, the net income reached $283.8 million, or $0.72 per share (basic).
Equinox Gold completed the acquisition of the remaining 40% interest in the Greenstone Mine, making it a wholly owned asset. The company anticipates commercial production at Greenstone by Q3 2024.
Challenges included suspended mining at Castle Mountain Phase 1, slower recoveries at Mesquite, and a geotechnical event at Aurizona, which led to updates in production guidance. Consolidated production for 2024 is now forecasted between 655,000 to 750,000 oz of gold.
The company's financials include: cash flow provided by operations of $45.1 million, adjusted EBITDA of $51.3 million, and net debt of $1.31 billion. Cash and cash equivalents were $167.5 million as of June 30, 2024.
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has launched the Ride to Greenstone, a 3,634 km bike relay from Vancouver to Geraldton, Ontario, celebrating the opening of their new Greenstone Mine. The event aims to raise funds for the Geraldton District Hospital and other local charities. To date, nearly C$1.2 million has been raised for the hospital, with additional funds for charities in Brazil and California.
Gold sponsors, including Sandstorm Gold Royalties and Franco-Nevada, have each donated over C$100,000. The ride highlights Equinox Gold's commitment to community health and team building. Employees from various mine sites are participating, and progress can be followed on social media and the event website.
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has announced that it will release its unaudited financial and operating results for the second quarter of 2024 on August 7, 2024, after market close. The company will host a live conference call and webcast to discuss these results on Thursday, August 8, 2024, at 7:30 am PT (10:30 am ET).
Investors can join the conference call toll-free from the U.S. and Canada at 1-844-763-8274, or internationally at +1-647-484-8814. The webcast will be available on Equinox Gold's website and archived until February 8, 2025. For further information, investors can contact Greg Smith, President & CEO, or Rhylin Bailie, VP Investor Relations, at +1 604-558-0560 or ir@equinoxgold.com.
Equinox Gold Corp. (EQX) hosted Ontario Premier Doug Ford and First Nation leaders at its Greenstone Mine on June 18, 2024, to witness a gold pour. Premier Ford emphasized the importance of partnerships with First Nations and industry for economic growth and job creation in Ontario. The event also saw the announcement of funding initiatives, including $1.9 million for the Indigenous Workforce Development Program and $2 million for the construction of the Migizi Plaza Rest Stop, which will create jobs and revenue for local First Nations. Additionally, the Ontario government pledged support for infrastructure projects including the relocation of the Greenstone OPP detachment and upgrades to Highway 584 and Highway 11.
Equinox Gold has launched the 'Ride to Greenstone,' a 3,634 km bike relay from Vancouver to Geraldton to celebrate the opening of its new Greenstone Mine. The event aims to raise funds for the Geraldton District Hospital, which serves a large area in Northern Ontario, including five Indigenous communities and the mine workforce.
Participants from the company's operations in California, Mexico, and Brazil will join the relay, with various fundraising events planned. The company has already raised over C$950,000 through early sponsorships.
The relay starts on August 5th from Vancouver, and updates will be posted on social media and the event website. Further details can be found on the Equinox Gold and Ride to Greenstone websites.
Equinox Gold (TSX: EQX, NYSE American: EQX) has announced the first gold pour at its Greenstone Mine in Ontario, Canada, achieving this milestone on schedule. The initial production yielded 1,800 ounces of gold, with all equipment performing as expected. This development marks a significant step toward commercial production, anticipated in Q3 2024. The Greenstone Mine is set to be Equinox Gold's largest and lowest-cost producer, expected to produce 400,000 ounces of gold annually for the first five years, and averaging 360,000 ounces per year over its 14-year mine life. This positions Greenstone as one of Canada's major gold mines.
Equinox Gold Corp. has completed the acquisition of the remaining 40% of Greenstone Gold Mine GP Inc. from Orion Mine Finance Management LP, now owning 100% of the Greenstone Mine in Ontario, Canada. The Company also closed a US$500 million three-year term loan. The President and CEO, Greg Smith, highlighted the strategic importance of this transaction, emphasizing the potential of the Greenstone Mine as a long-life, low-cost gold mine.
Equinox Gold Corp. announced positive results from its annual shareholder meeting, with approval for all matters, including management's director nominees, appointment of KPMG LLP as independent auditor, and executive compensation approach. Trudy Curran joined the Board, bringing expertise in capital markets, mergers, and acquisitions.
Equinox Gold Corp. (TSX: EQX) has released its 2023 ESG Report, highlighting achievements in environmental, social, and governance areas. The report covers improvements in environmental performance, safety targets, community engagement, and governance practices. Noteworthy accomplishments include beating environmental and safety targets, reducing GHG emissions, achieving high performance in biodiversity conservation, and community engagement. The company also outlined 2024 ESG priorities, focusing on health and safety, equity, diversity, and inclusion, and sustainable mining practices.
Equinox Gold Corp. reports first quarter 2024 financial and operating results, highlighting 111,725 ounces of gold produced, $1,567 cash costs per oz, and $1,950 AISC per oz. The company announced acquiring 100% ownership of Greenstone Mine and provided 2024 production and cost guidance. The recent developments include advancing Greenstone commissioning and entering a binding share purchase agreement with Orion Mine Finance Management LP. The Company extended existing convertible notes and reported a geotechnical event at Aurizona. Shareholder events for May 9, 2024, include a conference call, annual meeting, and Corporate Update.