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Equinox Gold (EQX)
:EQX
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 5.29%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements, including record gold production, improved financial performance, and successful ramp-up at Greenstone. However, these positives were offset by operational challenges, high costs at certain mines, and unresolved community agreements affecting Los Filos, creating a balanced outlook.Company Guidance
During the fourth quarter of 2024, Equinox Gold Corp. reported a record quarterly gold production of approximately 214,000 ounces and sales of about 218,000 ounces, marking the highest quarterly output in the company's history. The cash cost per ounce sold was $1,458, with an all-in sustaining cost of $1,652 per ounce. For the full year, Equinox achieved record annual gold production of approximately 622,000 ounces and sales of 623,000 ounces, with cash costs of $1,598 per ounce and all-in sustaining costs of $1,870 per ounce. The company anticipates 2025 production to increase to between 635,000 and 750,000 ounces, with projected cash costs ranging from $1,075 to $1,175 per ounce and all-in sustaining costs between $1,455 and $1,550 per ounce. Despite a fatality at their Fazenda mine, Equinox reported a total recordable injury frequency rate of 2.21, surpassing their safety target for the year. The company also improved its environmental incident frequency rate and increased its S&P Global Corporate Sustainability Assessment score by more than 13% compared to the previous year.Record Gold Production
Equinox Gold Corp. achieved record annual gold production of approximately 622,000 ounces and sales of 623,000 ounces in 2024.
Lowest Quarterly Cash Costs
The company reported the lowest quarterly cash cost of $1,458 per ounce in Q4 2024.
Greenstone Mine Milestone
Greenstone mine achieved commercial production in November 2024, contributing significantly to Q4 performance with production of 53,022 ounces and an all-in sustaining cost of $1,141 per ounce.
Financial Performance Improvement
Q4 2024 saw a revenue increase to $575 million, driven by higher gold prices and increased ounces sold, resulting in an EBITDA of $185 million, significantly up from Q3 2024 and Q4 2023.
Improved Environmental and Safety Performance
Significant improvement in environmental incident frequency rate and a 13% increase in S&P Global Corporate Sustainability Assessment score.
Strong Cash Flow and Debt Reduction
Cash flow from operations before changes in non-cash working capital was $213 million, and the company retired $180 million in debt in 2024.
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EQX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $6.80 | $7.16 | +5.29% |
| Nov 07, 2024 | $5.19 | $5.81 | +11.95% |
| Aug 08, 2024 | $4.66 | $4.98 | +6.87% |
| May 08, 2024 | $5.58 | $5.27 | -5.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equinox Gold (EQX) report earnings?
Equinox Gold (EQX) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Equinox Gold (EQX) earnings time?
Equinox Gold (EQX) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQX EPS forecast?
EQX EPS forecast for the fiscal quarter 2025 (Q1) is 0.2.
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