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. (TSX: EQX) (NYSE American: EQX) celebrates the official opening of its Greenstone Mine in Geraldton, Ontario. The event will be live-streamed at www.GreenstoneGoldMines.com starting at 11:00am ET. Greg Smith, President & CEO, highlighted the mine's significance as one of Canada's largest and lowest-cost gold producers.
The Greenstone Mine poured first gold on May 22, 2024, after beginning construction in October 2021. The mine's ramp-up to commercial production has been impressive, with gold production increasing from 2,625 ounces in May to 19,750 ounces in July. As of August, average throughput has exceeded 60% of design capacity. This achievement comes after Equinox Gold acquired Orion Resource Partners' 40% stake in May, becoming the sole owner of the mine.
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has successfully completed its 'Ride to Greenstone' fundraiser, raising over C$1.5 million for healthcare initiatives. The cycling team, covering 3,634 kilometers from Vancouver to Geraldton, will deliver a C$1.3 million cheque to the Geraldton District Hospital. Additional funds were raised by Equinox Gold's international teams for local charities.
The event, supported by notable Gold Sponsors, precedes the Greenstone Mine's grand opening on August 29th. Funds raised will benefit healthcare services in Northern Ontario, covering a 2,767-km² region including five Indigenous communities and the mine workforce. A live stream of the cyclists' arrival and celebrations will be available on the Greenstone Gold Mines YouTube page from 11:00 am to 1:00 pm ET.
Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) has issued a correction to its previously released second quarter 2024 financial and operating results. The company clarified that in connection with a new Term Loan, it had entered into gold collar contracts to deliver a total of 279,996 ounces, not 279,996 ounces per month as initially stated. This error appeared in both the news release and the company's management's discussion and analysis (MD&A) for the three and six months ended June 30, 2024.
Equinox Gold will file the corrected MD&A on SEDAR+, EDGAR, and the company's website. The correction does not affect any other information in the original news release or MD&A.
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.