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An announcement from Equinox Gold ( (TSE:EQX) ) is now available.
Equinox Gold has reported record results for 2024, with the sale of 623,579 ounces of gold generating $1.5 billion in revenue and $430 million in operating cash flow. The company achieved these results through the commencement of production at its new Greenstone Mine, which produced over 111,700 ounces of gold. Looking ahead, Equinox Gold aims to increase production to between 635,000 and 750,000 ounces in 2025, subject to agreements with local communities near its Los Filos Mine. The company is also advancing other projects and focusing on debt reduction amid favorable gold prices.
More about Equinox Gold
Equinox Gold Corp. is a mining company focused on the production and sale of gold. It operates several mines, including the newly operational Greenstone Mine, and is working on projects such as the Castle Mountain expansion and the Bahia Complex. The company is also focusing on reducing corporate debt by leveraging cash flow in a favorable gold price environment.
YTD Price Performance: 31.83%
Average Trading Volume: 5,936,391
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.19B
See more data about EQX stock on TipRanks’ Stock Analysis page.
