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 Corp. has announced a bought deal private placement agreement with underwriters to sell 11,600,000 units at C$2.76 each, raising gross proceeds of C$32,016,000. Each unit consists of one common share of i-80 Gold Corp. and one-half of a purchase warrant, potentially increasing total gross proceeds to C$52,026,000 if all warrants are exercised. Following this offering, Equinox Gold's ownership in i-80 Gold will decrease from 24.7% to 19.97% initially, and to 17.6% if all warrants are exercised. The offering is expected to close on March 28, 2023, with net proceeds going directly to Equinox Gold.
Equinox Gold Corp. reported its Q4 and full-year 2022 results, showcasing a strong operational quarter despite a net loss of $106 million for the year. The Company produced 532,319 ounces of gold at an all-in sustaining cost of $1,622 per ounce, with Q4 production reaching 150,439 ounces.
For 2023, the outlook is optimistic, projecting gold production between 555,000 to 625,000 ounces, and all-in sustaining costs of $1,575 to $1,695 per ounce. With $327 million in liquidity, Equinox aims to fund ongoing construction at the Greenstone project, now 65% complete.
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) will release its audited financial and operational results for Q4 and FY 2022 on February 21, 2023, after market close. This announcement will also include 2023 production and cost guidance.
A live conference call and webcast will follow on February 22, 2023, at 7:30 am PT (10:30 am ET). The event will be available for replay on the company's website until August 22, 2023.
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.
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