Research analysts who have asked questions during Equinox Gold earnings calls.
Anita Soni
CIBC Capital Markets
4 questions for EQX
Also covers: AEM, BTG, CCJ +8 more
WL
Wayne Lam
TD Securities
3 questions for EQX
Also covers: AG, BTG, CDE +4 more
JH
Jeremy Hoy
Canaccord Genuity Group Inc.
2 questions for EQX
Also covers: CGAU, NGD
JT
John Tumazos
John Tumazos Very Independent Research
1 question for EQX
Also covers: AA, AEM, ASM +13 more
Recent press releases and 8-K filings for EQX.
Equinox Gold Reports Record 2025 Production and Issues 2026 Guidance
EQX
Guidance Update
New Projects/Investments
M&A
- Equinox Gold achieved record full-year gold production of 922,827 ounces and record Q4 production of 247,024 ounces in 2025.
- The company provided 2026 gold production guidance of 700,000 to 800,000 ounces and consolidated all-in sustaining costs (AISC) guidance of $1,775 to $1,875 per ounce.
- Cash and equivalents stood at $430 million as of December 31, 2025, following $214 million of debt repayment since late Q3 2025.
- The sale of Brazil operations for up to $1.015 billion in cash is expected to close in Q1 2026.
- Operational highlights include Greenstone's Q4 production of 72,091 ounces, a 29% increase over Q3, and Valentine achieving commercial production ahead of schedule on November 18, 2025.
10 hours ago
Equinox Gold Announces Record 2025 Production and 2026 Guidance
EQX
Earnings
Guidance Update
M&A
- Equinox Gold achieved record gold production of 922,827 ounces for the Full Year 2025 and 247,024 ounces in Q4 2025.
- The company provided 2026 production guidance ranging from 700,000 to 800,000 ounces and All-in Sustaining Costs (AISC) guidance of $1,775 to $1,875 per ounce.
- Cash and equivalents increased by 24% quarter-over-quarter to $430 million at December 31, 2025, following $214 million of debt repayment or retirement since late Q3 2025.
- The sale of Brazil operations for up to $1.015 billion in cash is anticipated to close in Q1 2026, which is expected to significantly strengthen the balance sheet and reduce debt.
14 hours ago
Q-Gold Resources provides Q4 2025 overview, highlighting acquisition, financing, and resource estimate
EQX
M&A
New Projects/Investments
Board Change
- Q-Gold Resources completed the acquisition of the Quartz Mountain Advanced Gold Project in Oregon from Alamos Gold on October 22, 2025.
- The company secured $11,500,000 in a fully allocated private placement financing with BMO on October 3, 2025.
- A new NI 43-101 Technical Report for the Quartz Mountain Gold Project was filed on October 20, 2025, detailing an indicated mineral resource of 1,543,000 ounces of gold and 2,049,000 ounces of silver.
- A Preliminary Economic Assessment (PEA) for the Quartz Mountain Gold Project commenced in November 2025, with completion anticipated in Q2 2026, and the Board of Directors was strengthened with two industry leaders.
Dec 22, 2025, 12:30 PM
Equinox Gold Corp. to Sell Brazil Operations for up to $1.015 Billion
EQX
M&A
- Equinox Gold Corp. announced on December 14, 2025, an agreement to sell its 100% interest in the Aurizona Mine, RDM Mine, and Bahia Complex (collectively, the "Brazil Operations") to a subsidiary of the CMOC Group.
- The total consideration for the transaction is up to $1.015 billion.
- The payment structure includes an upfront cash payment of $900 million due on closing, with a production-linked contingent cash payment of up to $115 million one year after closing.
- The contingent payment is based on production thresholds, with $115 million payable if production equals or exceeds 280,000 ounces, or 12.5% of revenue for production between 200,000 and 280,000 ounces.
- Closing of the transaction is expected in the first quarter of 2026, subject to regulatory approvals and other customary conditions.
Dec 22, 2025, 11:00 AM
Equinox Gold to Sell Brazil Operations for Over $1 Billion
EQX
M&A
New Projects/Investments
Debt Issuance
- Equinox Gold Corp. has agreed to sell its Brazil Operations (Aurizona Mine, RDM Mine, and Bahia Complex) to a subsidiary of the CMOC Group for a total consideration of $1.015 billion, including $900 million cash at closing and up to $115 million in contingent payments.
- This transaction is expected to immediately strengthen the company's financial position by fully repaying its $500 million Term Loan and $300 million Sprott Loan, which will materially reduce interest expense and enhance per-share cash flow.
- The sale is a pivotal step to position Equinox Gold as a North American focused gold producer, simplifying its portfolio and enabling the deployment of capital toward higher-return, lower-risk, organic-growth opportunities in Canada and the United States.
- Following the transaction, Equinox Gold's production platform will consist of mines in Canada, the United States, and Nicaragua, with anticipated 2026 production of 700,000 to 800,000 ounces.
Dec 17, 2025, 3:31 PM
Equinox Gold Announces Sale of Brazil Operations for $1.015 Billion
EQX
M&A
Debt Issuance
Guidance Update
- Equinox Gold Corp. (EQX) has agreed to sell its Brazil Operations (Aurizona Mine, RDM Mine, and Bahia Complex) to a subsidiary of the CMOC Group for a total consideration of $1.015 billion.
- The consideration includes $900 million in upfront cash and a production-linked contingent cash payment of up to $115 million, with closing expected in the first quarter of 2026.
- The proceeds will be used to fully repay its $500 million Term Loan and $300 million Sprott Loan, and reduce its revolving credit facility, which is expected to strengthen the balance sheet and reduce interest expense.
- This transaction positions Equinox Gold as a North American-focused gold producer, with anticipated annual 2026 gold production of between 700,000 to 800,000 ounces from its remaining assets.
Dec 15, 2025, 5:38 PM
Equinox Gold Provides 2025 Production Outlook and Project Updates
EQX
Guidance Update
New Projects/Investments
M&A
- Equinox Gold anticipates a consolidated production outlook for 2025 of 950,000 to 1,050,000 ounces, excluding Castle Mountain and Los Filos. The Valentine Gold Mine is projected to produce 15,000-30,000 ounces in Q4 2025 and 150,000-200,000 ounces in full-year 2026.
- The Los Filos operation remains suspended since March 2025 due to land access agreements, with a potential CapEx of $700 million-$1 billion for a CIL plant to achieve 250,000-300,000 ounces of annual production. Castle Mountain is also expected to require $700 million-$1 billion in initial CapEx to add 200,000 ounces of production.
- The company reported net debt of $1.2-$1.3 billion at the end of Q3 and is evaluating options to delever, including the potential divestment of its Brazil assets, which could be valued between $750 million and $1.2 billion.
Dec 9, 2025, 7:45 PM
Equinox Gold Provides Operational Update and Growth Project Timelines
EQX
Guidance Update
New Projects/Investments
Management Change
- Equinox Gold is experiencing operational optimization at its Canadian mines, with the Valentine mine achieving first gold in September 2025 and commercial production in November 2025, expecting 15,000-30,000 ounces in Q4 2025. The Greenstone mine is on track for the lower end of its 220,000-260,000 ounces guidance for 2025, with Q4 2025 production projected at 60,000-70,000 ounces. Consolidated production for 2025 (excluding Castle Mountain and Los Filos) is projected between 950,000 and 1,050,000 ounces.
- The company is advancing growth projects including Castle Mountain in California, with a Record of Decision expected by December 2026 and a potential construction decision in H2 2027, aiming for 200,000-220,000 ounces of additional production. The Los Filos operation in Mexico remains suspended as of March 2025 but has potential for 250,000-300,000 ounces of annual production with a CIL plant. Both Castle Mountain and Los Filos are estimated to require initial capital expenditures in the range of $700 million to $1 billion each.
- A new operating team, led by CEO Darren Hall since June 2025, has improved performance, meeting or exceeding expectations in Q2 and Q3. The company strengthened its balance sheet with $115 million from non-core asset sales, including $90 million in cash, in early Q4 2025, and aims for a net debt to EBITDA ratio of 0.5-0.7. Equinox Gold plans to invest approximately $100 million annually in exploration, with $20-$25 million allocated to Valentine in 2026.
Dec 9, 2025, 7:45 PM
Q-Gold Initiates Preliminary Economic Assessment for Quartz Mountain Gold Project
EQX
New Projects/Investments
M&A
- Q-Gold Resources Ltd. initiated a Preliminary Economic Assessment (PEA) on its Quartz Mountain Gold Project in Oregon, USA, following an agreement dated November 20, 2025, with Kappes, Cassiday & Associates.
- The project, acquired from Alamos Gold in Q3 2025, includes an indicated mineral resource of 1,543,000 ounces of gold (0.96 g/t) and 2,049,000 ounces of silver (1.27 g/t).
- An additional inferred mineral resource contains 148,000 ounces of gold (0.77 g/t) and 135,000 ounces of silver (0.70 g/t).
- The results of the PEA, which will provide a comprehensive evaluation of the project's economic potential, are expected to be completed in the coming months.
Nov 21, 2025, 10:00 PM
Equinox Gold Achieves Commercial Production at Valentine Gold Mine
EQX
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Equinox Gold Corp. announced commercial production at its Valentine Gold Mine in Newfoundland & Labrador, Canada, on November 18, 2025.
- The Valentine process plant averaged 5,451 tonnes per day (tpd) over the last 60 days, achieving 80% of its 6,850 tpd nameplate capacity, with gold recovery averaging over 93%.
- The company expects Valentine to contribute to the higher end of its Q4 production range of 15,000 to 30,000 ounces of gold and projects 150,000 to 200,000 ounces of gold production in 2026, with nameplate capacity expected by Q2 2026.
- Equinox Gold is also advancing Phase 2 studies at Valentine, which could double the current nameplate capacity to 5 million tonnes per year.
Nov 18, 2025, 7:33 PM
Quarterly earnings call transcripts for Equinox Gold.
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