What Changed
Price Move History
- Daily moves over 5%
- 54 252 sessions, September 25, 2025 to September 25, 2026
- Largest daily move
- +11.7% close of March 31, 2026
- 1-year change
- +12.2% closing prices, September 25, 2025 to September 25, 2026
- 5-year change
- +78.2% closing prices, September 24, 2021 to September 25, 2026
Company Description
Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) is a Canadian mining company focused on gold, with operations and projects in Canada and across the Americas. According to the company’s public disclosures, Equinox Gold is positioned for growth on the back of high-quality, long-life gold operations and a pipeline of development and expansion projects. The company describes itself as offering investors exposure to gold through a diversified portfolio and a clear path to growth.
Equinox Gold’s strategy, as outlined in multiple news releases, centres on building a strong foundation of producing mines while advancing near-term growth projects. The company highlights cornerstone Canadian assets, including the Greenstone Gold Mine in Ontario and the Valentine Gold Mine in Newfoundland & Labrador. Greenstone is ramping up production, with improvements in mining and milling performance reported in 2025, while Valentine has transitioned from first ore and first gold pour to commercial production.
The company has also operated mines and projects in the United States, Mexico, Brazil and Nicaragua. Recent news indicates portfolio optimization, including the sale of non-core Nevada assets and an agreement to sell its Brazil operations, with a stated intention to concentrate on long-life, lower-cost assets in what the company characterizes as tier-one jurisdictions such as Canada and the United States. Following these transactions, Equinox Gold has emphasized a production platform anchored by Valentine and Greenstone in Canada, Mesquite in California, and El Limón and Libertad in Nicaragua.
Equinox Gold reports that its development pipeline includes expansion opportunities at existing operations. Examples in company disclosures include a Phase 2 expansion study at Valentine, a Phase 2 expansion at Castle Mountain in California that is advancing through the U.S. FAST‑41 permitting program, and a redefined development plan at Los Filos in Mexico. The company links these projects to potential incremental annual gold production over time, while noting that further technical studies, permitting and internal approvals are required.
Corporate communications from Equinox Gold consistently reference a focus on disciplined execution, operational excellence and long-term value creation. The company has also highlighted efforts to strengthen its balance sheet through debt reduction, asset sales and capital allocation decisions. In the context of recent transactions, Equinox Gold has described its approach as prioritizing portfolio simplification, directing investment toward higher-return opportunities and maintaining flexibility to fund organic growth.
Equinox Gold’s shares trade in both Canada and the United States, and the company files continuous disclosure documents on Canadian and U.S. securities regulators’ systems. As a foreign private issuer, it submits reports on Form 6‑K under the U.S. Securities Exchange Act of 1934, which incorporate news releases, financial statements, management’s discussion and analysis, and transaction-related documents by reference.
Business focus and operations
Based on its public statements, Equinox Gold is engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. The company has referred to an expanded portfolio following a merger with Calibre Mining, which added operations in Nicaragua and the Pan Mine in Nevada prior to the Nevada asset divestment. Equinox Gold has also reported production from Brazil, Mesquite in California, and other assets, while indicating that some operations, such as Los Filos in Mexico and Castle Mountain in California, have had periods of suspension or residual leaching as development and permitting activities continue.
The company’s growth narrative emphasizes ramp-up phases at Greenstone and Valentine. At Greenstone, Equinox Gold has reported increases in ex‑pit mining rates, higher processed grades and improvements in mill throughput. At Valentine, the company has described the mine as a conventional crush‑grind carbon‑in‑leach operation that has moved from first ore processed and first gold poured to commercial production, with throughput and recoveries during commissioning exceeding initial expectations.
Corporate strategy and portfolio management
Equinox Gold’s news releases describe a corporate strategy that includes portfolio optimization, balance sheet strengthening and disciplined capital allocation. Examples include the sale of non-core Nevada assets for cash and equity consideration, and a share purchase agreement to sell the company’s Brazil operations for a combination of upfront and contingent cash payments. The company has stated that proceeds from these transactions are intended to reduce debt, lower interest expense and support near-term growth projects in North America.
In addition to operating mines, Equinox Gold’s development and expansion projects feature prominently in its disclosures. The company has noted that Castle Mountain Phase 2 is progressing through the FAST‑41 federal permitting framework in the United States, with a defined permitting schedule. At Valentine, Equinox Gold is advancing Phase 2 studies aimed at increasing processing throughput and evaluating additional resource potential along the Valentine Lake Shear Zone. At Los Filos, the company has referenced long-term land access agreements with local communities and ongoing technical work to evaluate potential expansion scenarios.
Regulatory reporting and governance
Equinox Gold files its financial statements, management’s discussion and analysis and technical reports on Canadian and U.S. regulatory platforms. As reflected in multiple Form 6‑K filings, the company provides quarterly and annual financial information, production and cost metrics, and updates on material transactions. Certain 6‑K filings incorporate financial statements, MD&A and consents from qualified persons under National Instrument 43‑101, underscoring the role of technical reporting in the company’s disclosure practices.
Company news releases also reference the involvement of qualified persons responsible for reviewing and approving scientific and technical information, in line with Canadian securities requirements for mineral projects. Equinox Gold identifies these individuals and the relevant technical reports, such as feasibility studies and mineral reserve and resource statements, that support its public disclosure of project details.
Investment profile
In its own description, Equinox Gold presents itself as a growth-oriented gold producer with a diversified asset base and a pipeline of projects that could support additional production over time. The company emphasizes exposure to gold through operating mines and development projects across the Americas, while highlighting its focus on long-life operations in Canada and the United States following recent portfolio changes. Investors researching EQX stock can review the company’s news releases, technical reports and regulatory filings for detailed information on production, costs, reserves, resources and project plans.
Stock Performance
Equinox Gold (EQX) closed at $11.94 on September 25, 2026. Over the past 12 months, the price has gained 12.2%.
EQX Metrics & Rankings
Price returns through September 25, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.
Latest News
Equinox Gold has 10 recent news articles, with the latest published 6 days ago. Of the recent coverage, 6 articles coincided with positive price movement and 4 with negative movement. Key topics include dividends, acquisition. View all EQX news →
SEC Filings
Equinox Gold has filed 10 recent SEC filings, including 8 Form 6-K, 2 Form SCHEDULE 13G. The most recent filing was submitted on September 21, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all EQX SEC filings →
Financial Highlights
Equinox Gold generated $1.8B in revenue in FY2025, and net income was $221.5M, reflecting a 12.2% net profit margin. Diluted earnings per share stood at -$0.03. The company generated $818.3M in operating cash flow. With a current ratio of 0.74, short-term liquidity bears monitoring.
Upcoming Events
Note Conversion Deadline
Notes Redemption Date
CEO succession
FAST-41 permit completion
Contingent cash payment due
Production-linked contingent payment
First gold production
Valentine Phase 2 completion
Equinox Gold has 8 upcoming scheduled events. The next event, "Note Conversion Deadline", is scheduled for October 19, 2026 (in 22 days). 3 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the EQX stock price.
Short Interest History
Short interest in Equinox Gold (EQX) currently stands at 41.4 million shares, down 8.3% from the previous reporting period, representing 3.7% of the float. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Equinox Gold (EQX) currently stands at 3.2 days, up 28.9% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 73.2% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.2 to 4.1 days.
EQX Company Profile & Sector Positioning
Equinox Gold (EQX) operates in the Gold industry within the broader Basic Materials sector and is listed on the NYSE. Among dividend-paying stocks, EQX ranks #1,976 by dividend yield.
Investors comparing EQX often look at related companies in the same sector, including Coeur Mining, Inc. (CDE), IAMGold Corporation (IAG), OR Royalties Inc. (OR), B2Gold Corp. (BTG), and Eldorado Gold Corporation (EGO). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate EQX's relative position within its industry.