Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") announces a leadership transition. Greg Smith has stepped down as Chief Executive Officer and Director, and Darren Hall, current President and Chief Operating Officer, has been appointed Chief Executive Officer and Director effective immediately. Darren is a proven executive with a long history of mining industry experience who previously served as Calibre Min ...

Group 1 - The gold price has remained stable over the past 3.5 months after a rise since 'Liberation Day' on April 2 [1] - The Trend Investing group focuses on trending and emerging themes, particularly in electric vehicles, EV metals supply chain, stationary energy storage, and AI [1] Group 2 - The article emphasizes the importance of conducting personal research and not relying solely on the information provided [3]

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce the publication of its 2024 Sustainability Report. Informed by the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks, the report provides a comprehensive overview of the Company's performance and progress across key environmental, social and governance (ESG) topics, including safety, enviro ...

Core Insights - Equinox Gold reported a total gold production of 219,122 ounces for Q2 2025, with contributions from both Greenstone and Calibre Mining assets [4][7] - The company anticipates a stronger second half of 2025, driven by the ramp-up at Greenstone and progress at the Valentine Gold Mine [3][5] - Equinox Gold has a consolidated guidance for 2025 of 785,000 to 915,000 ounces, reflecting a solid operational foundation [3][4] Production and Financial Performance - Total consolidated gold production for the year to date is 401,211 ounces, with Q1 production at 182,089 ounces and Q2 production at 219,122 ounces [7] - Cash and equivalents stood at $406 million as of June 30, 2025, positioning the company well for future growth [3][7] Strategic Developments - The successful merger with Calibre Mining has added a second high-quality, long-life Canadian gold mine to Equinox Gold's portfolio, enhancing its operational capabilities [2][7] - The integration of new senior executives and board members is expected to strengthen the company's leadership and operational expertise [2][3] Project Updates - The Valentine Gold Mine is on track for first ore through the mill in late August 2025, with first gold expected approximately a month later [5][7] - Discovery drilling at the Valentine Gold Mine has shown promising results, with significant gold grades reported [10]

Core Insights - Equinox Gold Corp. (EQX) has a robust financial position with significant cash flows, supporting its development projects and liquidity [1][6] - The Greenstone mine is a key asset, expected to produce approximately 390,000 ounces of gold annually at full capacity [2][6] - The company plans to pursue deleveraging in the second half of 2025, leveraging strong cash flow generation [1][6] Financial Position - EQX ended Q1 with $173 million in unrestricted cash and $65 million in an undrawn credit facility, indicating strong liquidity [1][6] - B2Gold Corp. (BTG) reported cash and cash equivalents of $330 million and $800 million available for future drawdowns under its credit facility [3] - Eldorado Gold Corporation (EGO) had $978 million in cash and $241 million in available credit, totaling around $1.2 billion in liquidity [4] Production and Growth - The ramp-up at the Greenstone mine is currently underway, targeting an annual production of 390,000 ounces of gold [2][6] - The recent business combination with Calibre Mining Corp. is expected to enhance production growth and cash flow for EQX [2] Valuation and Market Performance - EQX is trading at a forward 12-month earnings multiple of 7.83, which is about 40.5% lower than the industry average of 13.17 [8] - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending down recently [9]

Core Viewpoint - Equinox Gold Corp. (EQX) and Eldorado Gold Corporation (EGO) are mid-tier diversified gold producers in Canada, with favorable gold prices currently above $3,300 per ounce despite a decline from April 2025 highs, making them relevant for investors in the precious metals sector [1][2]. Equinox Gold (EQX) - EQX has evolved into a diversified, growth-focused gold producer with a target of over one million ounces of annual production through expansions [4]. - The company operates five mines and has three expansion projects expected to add approximately 300,000 ounces of annual production in the coming years [4]. - The Greenstone mine is ramping up production, targeting 196,000 tons per day and expected to produce around 390,000 ounces annually at full capacity [5]. - EQX's recent business combination with Calibre Mining Corp. positions it as the second-largest gold producer in Canada, with a combined annual production of over 1.2 million ounces [6][7]. - The company ended Q1 with $173 million in unrestricted cash and $65 million in an undrawn credit facility, generating $73.3 million in cash flow from operations [8]. - However, EQX's all-in-sustaining costs (AISC) increased to $2,065 per ounce, reflecting operational cost inflation and challenges at the Greenstone mine [10][11]. - EQX expects $35 million in mine suspension costs from the Los Filos mine in Q2 but anticipates cost reductions with rising production in late 2025 [11]. Eldorado Gold (EGO) - EGO operates four mines across Turkey, Canada, and Greece, with a strong asset portfolio supporting long-term demand [12][13]. - The Skouries project in Greece is expected to be a key growth driver, with first production anticipated in Q1 2026 and an average output of 140,000 ounces of gold and 67 million pounds of copper annually over 20 years [14]. - EGO aims to increase annual gold production to 660,000-720,000 ounces by 2027, representing a 33% growth from 2024 [16]. - As of March 31, 2025, EGO had $978 million in cash and $241 million in available credit, with a long-term debt-to-capitalization ratio of around 19% [17]. - EGO's stock has gained 37.7% year-to-date, outperforming EQX's 17.1% increase [18]. Price Performance and Valuation - EQX is trading at a forward 12-month earnings multiple of 7.83, which is a 40.6% discount to the industry average of 13.19 [20]. - EGO's stock is trading at a forward earnings multiple of 9.86, below the industry average [21]. - The Zacks Consensus Estimate for EQX's 2025 sales and EPS implies a year-over-year rise of 53.2% and 135%, respectively, while EGO's estimates suggest growth of 19.3% and 10.8% [25][26]. Investment Outlook - Both EQX and EGO are positioned to benefit from the bullish gold market, but EQX's higher operational costs may pose risks [27]. - EGO's rising earnings estimates and lower leverage suggest it may offer better investment prospects in the current market environment [27].

Core Insights - Equinox Gold Corp. (EQX) achieved a record gold production of 145,290 ounces in Q1, marking a 30% increase from 111,725 ounces in the same quarter last year, driven by the ramp-up at Greenstone [1][6] - For the full year 2025, EQX expects consolidated gold production between 785,000 and 915,000 ounces, excluding the suspended Los Filos mine and the Valentine mine, which is set to start production in Q3 2025 [2][6] - The company anticipates improved production in the second half of 2025 despite current milling grades and throughput at Greenstone being below expectations [2] Company Performance - EQX's year-to-date stock performance has increased by 16.1%, while the Zacks Mining – Gold industry has risen by 56.6% [5] - The forward 12-month earnings multiple for EQX is 7.78, which is approximately 42.5% lower than the industry average of 13.52 [7] - The Zacks Consensus Estimate indicates a significant year-over-year earnings rise of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending lower over the past 60 days [8]

Core Insights - Equinox Gold Corp. has completed its merger with Calibre Mining Corp., forming a diversified gold producer focused on the Americas, with significant operations in Canada [1][7] - The combined entity will be the second-largest gold producer in Canada, with a production capacity exceeding 1.2 million ounces annually from its Greenstone and Valentine mines [3][7] Company Overview - The merger enhances Equinox Gold's asset base, adding operating mines in Nicaragua and the United States, along with earlier-stage projects in the U.S. [2] - The Valentine Gold Mine in Newfoundland is projected to begin production in Q3 2025 [2] Production and Financial Outlook - The integrated company will benefit from low-cost production growth, increased cash flow, and a stronger balance sheet, supported by approximately 23 million ounces of proven and probable gold reserves [3][7] - The Zacks Consensus Estimate indicates a significant year-over-year earnings increase of 135% for 2025 and 123.4% for 2026, although EPS estimates have been trending lower recently [8] Valuation Metrics - Equinox Gold is currently trading at a forward 12-month earnings multiple of 6.31, which is about 55.2% lower than the industry average of 14.08 [11] - The company holds a Value Score of B, indicating potential undervaluation relative to its peers [11] Industry Context - The merger reflects a broader trend of consolidation in the gold mining sector, with notable transactions such as Newmont Corporation's acquisition of Newcrest Mining and Gold Fields Limited's acquisition of Osisko Mining [4][5] - These consolidations aim to create stronger portfolios and enhance operational efficiencies within favorable mining jurisdictions [4][5]

Core Viewpoint - Equinox Gold Corp. has successfully completed the acquisition of Calibre Mining Corp., creating a diversified gold producer focused on the Americas with significant growth potential [1][2]. Company Overview - The merger has resulted in a company with a portfolio of mines across five countries, highlighted by two major Canadian gold mines: Greenstone Gold Mine in Ontario and Valentine Gold Mine in Newfoundland & Labrador [2]. - Valentine Gold Mine is nearing completion, with first gold production expected by the end of Q3 2025 [2]. - With both Greenstone and Valentine operating at full capacity, Equinox Gold is positioned to become the second largest gold producer in Canada [2]. Leadership Changes - The Board of Directors of Equinox Gold has seen new appointments from Calibre, including Blayne Johnson, Doug Forster, Omaya Elguindi, and Mike Vint, while retaining several existing directors [4]. - The leadership team will include Greg Smith as CEO, Darren Hall as President and COO, and Peter Hardie as CFO [4]. Strategic Importance - The merger is described as transformative, combining the strengths of both companies to enhance production capabilities and long-term value for shareholders [5]. - Equinox Gold plans to delist Calibre shares from the Toronto Stock Exchange and cease its public reporting requirements [5]. Shareholder Information - Calibre shareholders will automatically receive Equinox Gold shares in their trading accounts within two weeks of the merger closing [6]. - Shareholders with physical certificates must submit a Letter of Transmittal to receive their Equinox Gold shares [6]. Advisory Roles - BMO Capital Markets and GenCap Mining Advisory served as financial advisors to Equinox Gold, while multiple firms provided advisory services to Calibre [7].

Valuation and Market Position - Equinox Gold Corp. (EQX) is currently trading at a forward price/earnings ratio of 6.54X, which represents a 51.2% discount to the Zacks Mining – Gold industry's average of 13.4X [1][5] - EQX's valuation is lower than key peers such as B2Gold Corp. (BTG), Eldorado Gold Corporation (EGO), and IAMGOLD Corporation (IAG), all of which have a Value Score of A [1][5] Technical Indicators - EQX stock broke out above its 50-day simple moving average (SMA) on May 30, 2025, and is currently trading above the 200-day SMA, indicating a bullish trend [2][3] Production Expansion and Growth Strategy - Equinox Gold is expanding production capacity and acquiring Calibre Mining Corp. to boost output beyond 1.2 million ounces annually [5][10] - The company has five producing mines and three expansion projects expected to add approximately 300,000 ounces of annual production in the coming years [8] - Greenstone mine is ramping up towards a full production target of 196,000 tons per day, expected to produce around 390,000 ounces of gold annually at full capacity [9] - The acquisition of Calibre includes the Valentine Gold Mine, which is anticipated to start production in Q3 2025, further enhancing EQX's asset base [10][11] Financial Performance and Cash Flow - EQX ended the first quarter with approximately $173 million in unrestricted cash and $65 million in an undrawn credit facility, indicating strong liquidity [15] - The company generated cash flow from operations of $73.3 million in the first quarter, supporting its growth projects [15] Gold Price Impact - Gold prices have increased by roughly 27% this year, driven by global trade tensions and central bank purchases, which are expected to enhance EQX's profitability [12][14] - Despite a decline from April 2025 highs, gold prices remain favorable, hovering above $3,300 per ounce, which is anticipated to boost EQX's cash flow generation [14] Cost Challenges - EQX's all-in-sustaining costs (AISC) rose to $2,065 per ounce, a 6% increase from the previous year, indicating operational cost inflation [16] - The suspension of operations at the Los Filos mine is expected to contribute to ongoing cost pressures, with approximately $35 million in charges anticipated in Q2 2025 [17] Stock Performance - EQX shares have gained 36% over the past year, underperforming the industry average of 51.7% but outperforming the S&P 500's rise of 11.2% [18] Earnings Estimates - Earnings estimates for EQX have been revised downward recently, but the Zacks Consensus Estimate for 2025 and 2026 implies year-over-year increases of 230% and 106%, respectively [21] Conclusion - With a strong expansion roadmap and an upcoming merger, EQX is positioned for growth, although high costs may pose challenges in the near term [22]