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Equinox Gold (ASE) (EQX)
XASE:EQX
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
-0.17Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record 2025 production (922k oz), robust adjusted EBITDA ($579M) and significant deleveraging (net debt down to ~$75M), enabling the inaugural dividend and a 5% NCIB. Ramp-up progress at Greenstone and Valentine, plus exploration discoveries and a pipeline of organic growth, were highlighted. Offsetting items include an audit delay, a localized regulatory claim in Brazil, metallurgical/recovery challenges at Greenstone tied to arsenic and an interim rise in costs at the Nicaragua operations, but management characterized these as manageable and expected to normalize. Overall the positive operational achievements, strengthened balance sheet and capital return initiatives materially outweigh the isolated challenges reported.Company Guidance
Record Annual and Strong Q4 Production
2025 record gold production of 922,000 ounces; Q4 production of 247,024 ounces (sold 242,392 ounces). Q4 Greenstone production >72,000 ounces, 29% higher than Q3 and ~60% higher than Q1.
Robust Financial Results and Dramatic Deleveraging
Realized price of $4,060/oz on Q4 sales; adjusted EBITDA of $579 million and adjusted net income of $272.9 million ($0.35 per share). Exited 2025 with over $400 million in cash and net debt reduced from approximately $1.4 billion in June 2025 to ~$75 million at the end of January (~95% reduction).
Capital Return Program Initiated
Announced inaugural quarterly cash dividend of $0.015 per share and filed notice to initiate a share buyback (NCIB) of up to 5% of issued and outstanding shares, marking the start of a disciplined capital return strategy.
Greenstone Ramp-up Momentum and 2026 Guidance
Greenstone achieved nameplate capacity for 30 consecutive days in December; proportion of days > nameplate increased from 17% (H1 2025) to 28% (Q3) to 36% (Q4) and to ~50% Q1-to-date. 2026 guidance for Greenstone: 250,000–300,000 ounces at AISC $1,750–$1,850/oz. Long-term objective ~300,000 oz/year with demonstrated mill capability of 30,000 tpd.
Valentine Commissioning, Production and Growth Pipeline
Valentine poured 23,207 ounces in Q4 and the plant averaged 90% of nameplate; commercial production declared in November. Anticipated 2026 contribution of 150,000–200,000 ounces (H2-weighted). Phase 2 feasibility targeting 4.5–5.0 Mtpa and >200,000 oz/year; feasibility expected in coming months with Board review in Q2. Significant exploration upside: Frank Zone drilling and new Minotaur discovery with planned 20,000–25,000 m programs.
Safety and Operational Discipline
No material environmental events in 2025 and a 30% reduction in All Injury Frequency Rate, cited as a demonstration of safety and execution focus across the organization.
Portfolio Simplification Completed
Sale of Brazilian assets closed in late January ( ~$900 million proceeds reported), simplifying the portfolio and accelerating deleveraging; proceeds were used to pay down debt and strengthen the balance sheet.
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
EQX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 05, 2025 | $10.60 | $11.41 | +7.64% |
Nov 05, 2025 | $10.60 | $11.41 | +7.64% |
Aug 13, 2025 | $6.79 | $7.82 | +15.17% |
May 08, 2025 | $6.26 | $6.44 | +2.88% |
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.
FAQ
When does Equinox Gold (ASE) (EQX) report earnings?
Equinox Gold (ASE) (EQX) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Equinox Gold (ASE) (EQX) earnings time?
Equinox Gold (ASE) (EQX) earnings time is at May 05, 2026, Before Open (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 2026 (Q1) is 0.25.