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Equinox Gold
(TSX: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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.70B | 1.51B | 1.09B | 952.20M | 1.08B | 842.51M |
| Gross Profit | 453.10M | 523.95M | 108.98M | 84.97M | 215.32M | 223.62M |
| EBITDA | 471.94M | 948.08M | 291.09M | 183.52M | 338.01M | 232.51M |
| Net Income | 306.56M | 339.29M | 28.88M | -106.03M | 554.89M | 22.29M |
Balance Sheet | ||||||
| Total Assets | 6.67B | 6.71B | 4.35B | 3.86B | 3.97B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 178.26M | 245.47M | 284.66M | 237.64M | 546.03M | 344.93M |
| Total Debt | 1.39B | 1.41B | 945.37M | 842.10M | 567.63M | 555.19M |
| Total Liabilities | 3.35B | 3.32B | 1.91B | 1.50B | 1.38B | 1.22B |
| Stockholders Equity | 3.32B | 3.40B | 2.44B | 2.35B | 2.59B | 1.45B |
Cash Flow | ||||||
| Free Cash Flow | 7.66M | -39.89M | -164.84M | -500.60M | -23.45M | 43.61M |
| Operating Cash Flow | 408.76M | 372.18M | 358.46M | 56.47M | 320.78M | 216.51M |
| Investing Cash Flow | -1.14B | -1.11B | -462.67M | -419.00M | -347.57M | -129.32M |
| Financing Cash Flow | 778.00M | 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 |
|---|---|---|---|---|---|---|---|
70 Neutral | ¥173.39B | 11.06 | 6.37% | 3.55% | 3.93% | 6.03% | |
67 Neutral | $6.02B | 9.44 | 8.27% | ― | 60.05% | ― | |
| $3.88B | 29.10 | 14.62% | ― | ― | ― | ||
| ― | |||||||
78 Outperform | C$2.79B | 14.79 | 34.73% | ― | 80.44% | 3757.72% | |
69 Neutral | $2.56B | 28.69 | 6.74% | ― | 20.03% | -46.48% | |
| $2.74B | 21.08 | 8.12% | ― | ― | ― |
Equinox Gold Corporate Events
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.
Equinox Gold and Calibre Mining have amended their arrangement agreement for a proposed business combination, offering Calibre shareholders 0.35 Equinox shares per Calibre share. This merger aims to create a major gold producer capable of producing over 1.2 million ounces of gold annually, positioning the combined entity as the second largest gold producer in Canada and among the top 15 globally. The shareholder meetings for both companies have been adjourned to May 1, 2025, to allow more time for voting on the transaction, which has received strong preliminary support from Equinox shareholders.
Equinox Gold has announced that independent proxy advisory firms ISS and Glass Lewis have recommended shareholders to vote in favor of its business combination with Calibre Mining. This merger aims to create a leading gold producer in the Americas with an annual production potential of over 1.2 million ounces and substantial free cash flow. The combined entity is expected to benefit from increased production, a strong growth profile, and significant revaluation potential, enhancing shareholder value.