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. (TSX: EQX, NYSE American: EQX) operates as a growth-focused gold producer with mines across the Americas. This news hub provides investors and industry observers with comprehensive updates on the company's operational milestones, financial performance, and strategic initiatives.
Access timely updates including quarterly earnings reports, project development announcements, and operational status updates from multiple mining jurisdictions. The curated collection serves as an essential resource for tracking production figures, exploration progress, and corporate transactions.
Key content categories include mine production results, resource estimate updates, leadership changes, and sustainability initiatives. All materials maintain factual accuracy while avoiding speculative commentary, ensuring compliance with financial disclosure standards.
Bookmark this page for streamlined access to Equinox Gold's official communications. Regular updates through press releases and verified news coverage enable informed analysis of the company's position in the global gold mining sector.
Equinox Gold Corp. (TSX: EQX) provides an update on its Greenstone Project in Ontario, Canada, reporting that construction is over 66% complete and on schedule to pour gold in H1 2024. The project, a 60/40 partnership with Orion Mine Finance Group, is expected to produce 400,000 ounces of gold annually for the first five years. As of December 31, 2022, 71% of total capital costs were contracted, with $680 million (55%) spent from a $1.23 billion budget. Key milestones include pre-production mining ahead of schedule, successful equipment delivery, and completion of vital infrastructure, including a permanent effluent water treatment plant.
Equinox Gold Corp. (NYSE: EQX) reported a strong Q4 2022 with 150,439 ounces of gold produced, leading to a total of 532,319 ounces for the year. The company ended 2022 with approximately $200 million in cash and significant liquidity, including $127 million available from its credit facility. Despite operational challenges earlier in the year, Equinox made substantial progress on projects like Greenstone and Santa Luz. The company continues to address production efficiencies and plans to release 2023 guidance soon.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) has sold 11 million common shares of Solaris Resources Inc. (TSX: SLS) for gross proceeds of C$70.4 million. Following this transaction, Equinox's ownership in Solaris has dropped to below 10%, and it will no longer file insider reports related to Solaris shares. Equinox has agreed not to sell any remaining Solaris securities for 120 days while maintaining supportive shareholder status. This strategic divestment reflects Equinox's ongoing evaluation of its capital requirements and business strategy.
Equinox Gold Corp. (TSX: EQX, NYSE: EQX) has entered into an equity distribution agreement for an at-the-market equity offering program with BMO Capital Markets and National Bank Financial. This program allows the Company to sell up to US$100 million of common shares in Canada and the U.S. The program is valid until December 21, 2024, with proceeds aimed at expanding production, potential mergers, and working capital. The Company has also amended an Investor Rights Agreement with Mubadala, granting a biannual top-up right regarding any shares issued through this offering.
Equinox Gold (EQX) reported its Q3 2022 financial results, with a gold production increase to 143,615 oz but a net loss of $30.1 million. The average realized gold price fell to $1,711/oz. Total cash costs were $1,400/oz, pushing AISC to $1,749/oz. Despite operational challenges, the new Santa Luz mine achieved commercial production on October 1. The company expects full-year production to be around 540,000 oz, with costs likely exceeding guidance by 5%. Liquidity improved through a credit facility amendment, increasing the revolving credit from $400 million to $700 million.
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) will release its unaudited financial and operational results for the three and six months ending September 30, 2022 on November 2, 2022, after market close. A conference call and webcast are scheduled for the following day, November 3, 2022, at 7:30 am PT (10:30 am ET) to discuss these results. Interested parties can join via a toll-free number or through a webcast available on Equinox Gold’s website, which will remain archived until May 3, 2023.
Equinox Gold's recent feasibility study reveals a 44% increase in mineral reserves at the Los Filos Mine Complex, totaling 5.4 million ounces of gold. Average annual gold production is projected to reach 360,000 ounces from 2025 to 2030, with a mine life extended to 14.5 years. The study estimates an after-tax NPV of $625 million and an IRR of 26% at a gold price of $1,675/oz. A total of 3.97 million ounces are expected during the mine's lifespan, with average costs estimated at $1,081/oz.
Equinox Gold Corp. (TSX: EQX) announced the achievement of commercial production at its Santa Luz Gold Mine in Brazil, effective October 1, 2022. The mine is operating at around 90% of its design capacity of 7,400 tonnes per day, with gold recoveries between 70% and 85%. Approximately 23,000 ounces of gold were produced by September 30, 2022, with expectations for increased production in Q4 2022. The mine is projected to average 100,000 ounces of annual production, with potential for further life extension.
Equinox Gold Corp. (TSX: EQX, NYSE-A: EQX) has announced the resumption of operations at its Los Filos Mine in Mexico following the removal of a blockade by Mezcala community leaders on September 10. The company aims to strengthen relationships with local communities for long-term stability at the site. Equinox operates six gold mines and is on track for over one million ounces of annual gold production from its assets. The company emphasizes ongoing engagement with stakeholders to ensure sustainable operations.
Equinox Gold Corp. (TSX: EQX) announced a temporary suspension of mining activities at its Los Filos Mine in Mexico due to an illegal blockade by the Mezcala community, preventing essential supply deliveries. The company is engaging with community leaders to resolve the situation and restore full operations.
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