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Equinox Gold (EQX)
:EQX
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
>-0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -3.51%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements, such as record production levels and successful strategic moves like the merger with Caliber, alongside significant challenges, particularly the suspension of operations at Los Filos and associated financial impacts. The company is optimistic about future growth and cost improvements but is currently navigating through a period with notable operational and financial hurdles.Company Guidance
During the first quarter of 2025, Equinox Gold reported a record production of over 145,000 ounces of gold and sales of approximately 148,000 ounces, marking the highest first-quarter production in the company's history. The total recordable injury frequency rate improved to 1.07 per million hours worked, with no significant environmental incidents reported, maintaining a frequency rate of zero. The cash cost was reported at $17.69 per ounce, with an all-in sustaining cost of $2,065 per ounce, including contributions from the Los Filos mine. However, due to suspension of operations at Los Filos, excluding its production and costs, the cash cost was $16.37 per ounce, and the all-in sustaining cost was $19.79 per ounce. The company announced a proposed merger with Caliber Mining, with the merger expected to close in the second quarter. Equinox Gold aims to achieve a combined production of 950,000 ounces in 2025, anticipating annual production to exceed 1.2 million ounces once fully ramped up, thereby capitalizing on high gold prices to generate cash flow and reduce debt. The first quarter also saw nonrecurring charges totaling $65 million, including a $25 million depreciation adjustment and a $29 million inventory adjustment at Los Filos. The company reported $173 million in unrestricted cash, with plans to reduce deferred revenue obligations by 39,000 ounces and $74 million in 2025, and to retire a $140 million convertible note maturing in September.Record First Quarter Gold Production
Produced over 145,000 ounces of gold and sold approximately 148,000 ounces, marking the highest first quarter production in the company's history.
Improved Safety Performance
The twelve-month rolling total recordable injury frequency rate improved to 1.95 per million hours worked, with a quarterly rate of 1.07 and no significant environmental incidents.
Successful Merger with Caliber Mining
Equinox shareholders and Caliber security holders voted in favor of the merger, with court approval received and closure expected in the second quarter.
Strong Revenue Performance
Achieved more than $400 million in revenue for the third consecutive quarter.
Progressive Ramp-Up at Greenstone
Despite challenges, the Greenstone ramp-up saw improvements with mining rates increasing to 165,000 tonnes per day by May.
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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 |
|---|---|---|---|
May 08, 2025 | $6.26 | $6.44 | +2.88% |
Feb 20, 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% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Equinox Gold (EQX) earnings time?
Equinox Gold (EQX) earnings time is at Jul 30, 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 (Q2) is 0.19.
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