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Equinox Gold
(NYSE MKT:EQX)
Equinox Gold (EQX) vs. iShares MSCI Canada ETF (EWC)
Equinox Gold Business Overview & Revenue Model
Equinox Gold Earnings Call Summary
Equinox Gold Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.51B | 1.09B | 952.20M | 1.08B | 842.51M |
| Gross Profit | 523.95M | 108.98M | 84.97M | 215.32M | 223.62M |
| EBITDA | 948.08M | 291.09M | 183.52M | 338.01M | 232.51M |
| Net Income | 339.29M | 28.88M | -106.03M | 554.89M | 22.29M |
Balance Sheet | |||||
| Total Assets | 6.71B | 4.35B | 3.86B | 3.97B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 245.47M | 284.66M | 237.64M | 546.03M | 344.93M |
| Total Debt | 1.41B | 945.37M | 842.10M | 567.63M | 555.19M |
| Total Liabilities | 3.32B | 1.91B | 1.50B | 1.38B | 1.22B |
| Stockholders Equity | 3.40B | 2.44B | 2.35B | 2.59B | 1.45B |
Cash Flow | |||||
| Free Cash Flow | -39.89M | -164.84M | -500.60M | -23.45M | 43.61M |
| Operating Cash Flow | 372.18M | 358.46M | 56.47M | 320.78M | 216.51M |
| Investing Cash Flow | -1.11B | -462.67M | -419.00M | -347.57M | -129.32M |
| Financing Cash Flow | 792.48M | 92.50M | 254.31M | -1.59M | 190.08M |
Equinox Gold Technical Analysis
Equinox Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $4.59B | 11.39 | 16.21% | 0.02% | 35.81% | 692.91% | |
73 Outperform | C$2.58B | 13.68 | 34.73% | ― | 80.44% | 3757.72% | |
73 Outperform | C$3.68B | 20.08 | 8.12% | ― | 20.97% | -24.55% | |
72 Outperform | C$6.57B | 10.30 | 8.27% | ― | 60.05% | ― | |
71 Outperform | $4.79B | 26.20 | 14.62% | ― | 23.61% | ― | |
44 Neutral | C$980.54M | -6.82 | -13.68% | 1.81% | 17.37% | -32.98% |
Equinox Gold Corporate Events
Equinox Gold has announced a leadership transition with Darren Hall taking over as CEO from Greg Smith. Hall brings extensive mining experience and a track record of operational excellence, aiming to optimize Equinox Gold’s expanded portfolio and enhance its position as a top-tier global gold producer. The transition marks a strategic shift from growth through acquisitions to disciplined execution and operational excellence, with a focus on key assets like Greenstone and Valentine.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has published its 2024 Sustainability Report, highlighting significant progress in environmental, social, and governance (ESG) areas. The company improved its environmental performance by 31%, achieved zero tailings or heap leach-related incidents, and invested heavily in social initiatives, including healthcare and education. Equinox Gold also maintained a strong safety record with zero lost-time injuries at key sites and tied executive compensation to ESG metrics, demonstrating its commitment to responsible mining and stakeholder engagement.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold reported a strong second quarter of 2025 with a gold production of 219,122 ounces, marking a significant milestone following its merger with Calibre Mining. The company is optimistic about the second half of the year, expecting increased production from its Greenstone and Valentine mines, which are on track to enhance long-term value and market positioning. The integration of new assets and personnel is progressing well, and the company is focused on operational excellence and meeting production expectations.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold Corp. has completed its acquisition of Calibre Mining Corp., forming a diversified gold producer with operations across the Americas, anchored by two major Canadian mines. This merger enhances Equinox Gold’s position as the second largest gold producer in Canada, providing a robust platform for increased production and long-term value creation, backed by a strong leadership team.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold has updated its 2025 production and cost guidance following its business combination with Calibre Mining Corp. and slower-than-expected ramp-up at its Greenstone Gold Mine in Ontario. The company anticipates producing 785,000 to 915,000 ounces of gold in 2025, with total cash costs ranging from $1,400 to $1,500 per ounce and all-in sustaining costs between $1,800 and $1,900 per ounce. The integration with Calibre and operational challenges at Greenstone are key focuses, with efforts underway to improve mining rates and access higher-grade ore zones. The company is also progressing well with its Valentine project in Newfoundland, expecting first gold by the end of Q3 2025.
The most recent analyst rating on (TSE:EQX) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Equinox Gold stock, see the TSE:EQX Stock Forecast page.
Equinox Gold reported a record first-quarter production of over 145,000 ounces of gold, with expectations for increased production throughout the year. The company is advancing its operations at the Greenstone mine and is on track to complete a merger with Calibre Mining, which will create a diversified gold producer with enhanced cash flow and growth potential. Despite a net loss of $75.5 million, the company maintains a strong operational cash flow and is strategically positioned for long-term value creation.
Equinox Gold Corp. announced that its shareholders have approved a business combination with Calibre Mining Corp., along with other resolutions at their annual and special meeting. This transaction, pending regulatory and court approvals, is expected to close by the end of Q2 2025, potentially enhancing Equinox Gold’s market position and operational scale in the gold mining sector.
Equinox Gold Corp. is set to release its unaudited financial and operating results for the first quarter of 2025 on May 7, 2025, after market close. The announcement will be followed by a conference call and webcast on May 8, 2025, to discuss the results, which could provide insights into the company’s operational performance and market positioning.