Equinox Gold Reports Record Q1 Production and Strategic Merger

Equinox Gold (ASE) ( (EQX) ) has released its Q1 earnings. Here is a breakdown of the information Equinox Gold (ASE) presented to its investors.

Equinox Gold Corp., a Canadian mining company, operates gold mines in Canada, the USA, and Brazil, with a strategic focus on growth and expansion in the gold mining sector. In its first quarter of 2025, Equinox Gold reported a record production of over 145,000 ounces of gold, marking the highest first-quarter production in its history. The company aims to increase production each quarter throughout the year, with significant contributions from its Greenstone project. Additionally, Equinox Gold is poised to merge with Calibre Mining, creating a diversified gold producer with a strong presence in the Americas. Key financial highlights for the quarter include a revenue of $423.7 million, a net loss of $75.5 million, and an adjusted EBITDA of $137.9 million. The company also reported total cash costs of $1,769 per ounce and an all-in sustaining cost (AISC) of $2,065 per ounce. Looking ahead, Equinox Gold remains focused on closing its merger with Calibre Mining and advancing its pipeline of development and expansion projects, positioning itself for long-term growth and value creation for stakeholders.