Equinox Gold to Announce First Quarter Financial and Operating Results on May 7, 2025April 28, 2025 7:30 AM EDT | Source: Equinox Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) will announce its unaudited financial and operating results for the three months ended March 31, 2025 on Wednesday, May 7, 2025, after market close. Equinox Gold will host a conference call and webcast to discuss the results the following mor ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 25th:Equinox Gold (EQX) : This company which engages in the acquisition, exploration and development of mineral deposits, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days.Equinox Gold’s shares gained 19.9% over the last three month compared with the S&P 500’s decline of 8.8%. The company possesses a Moment ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Equinox Gold (EQX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Equinox Gold is a member of the Basic Materials sector. This group includes 232 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 ...

Core Viewpoint - Equinox Gold and Calibre Mining have amended their arrangement agreement for a proposed business combination, with shareholder meetings adjourned to May 1, 2025, to allow time for consideration of the amended terms [1][3]. Summary by Sections Transaction Details - Under the amended agreement, Calibre shareholders will receive 0.35 Equinox Gold shares for each Calibre share held, representing a 10% premium over Calibre's closing price on February 21, 2025 [2]. - Post-transaction, Equinox Gold shareholders will own approximately 61% and former Calibre shareholders will own about 39% of the combined company on a fully diluted basis [2]. Shareholder Meetings - Both companies have postponed their shareholder meetings originally scheduled for April 24, 2025, to May 1, 2025, to provide additional time for shareholders to consider the amended agreement [3][6]. - The record date for determining eligible shareholders remains March 18, 2025, with the deadline for submitting proxies extended to May 1, 2025, for Equinox Gold and April 29, 2025, for Calibre [5]. Management Commentary - Greg Smith, President & CEO of Equinox Gold, stated that the transaction aims to create a major gold producer with the potential to produce over 1.2 million ounces of gold annually from mining-friendly jurisdictions [4]. - Darren Hall, President & CEO of Calibre, emphasized that the combination will generate more shareholder value than either company could achieve independently, positioning the combined entity as the second largest gold producer in Canada and among the top 15 globally [4]. Voting Support - Preliminary voting results indicate overwhelming support for the transaction, with nearly 70% of Equinox Gold shares voted in favor [8]. - Calibre's board of directors has unanimously recommended that securityholders vote in favor of the transaction [11]. Additional Information - Equinox Gold shareholders who have already voted in support of the transaction are not required to take further action, while those wishing to change their vote can follow the instructions provided in the information circular [12]. - Calibre securityholders are similarly encouraged to vote as soon as possible, with additional support from a large long-term shareholder who holds approximately 2.23% of Calibre's outstanding shares [19].

Core Viewpoint - Equinox Gold shareholders are encouraged to vote in favor of the proposed business combination with Calibre Mining, as independent proxy advisory firms ISS and Glass Lewis have issued positive recommendations [1][2]. Strategic Rationale for the Business Combination - The merger will create a major diversified gold producer in the Americas, with potential for over 1.2 million ounces of annual gold production from a portfolio of mines across five countries [6]. - The combined entity will become the second largest gold producer in Canada, with the Greenstone Gold Mine and Valentine Gold Mine expected to produce a total of 590,000 ounces of gold per year at full capacity [6]. - The merger is anticipated to generate substantial free cash flow, driven by increased production at high gold prices, allowing for rapid deleveraging and capital return to shareholders [6]. - There is an exceptional growth profile with additional production growth expected from the ramp-up of the Valentine Gold Mine and a pipeline of development projects [6]. - The combined company has significant re-rate potential based on peer valuation, with greater scale, lower risk, and superior free cash flow compared to competitors [6]. - The leadership team includes experienced individuals with a proven track record of delivering shareholder value, with key positions filled by executives from both companies [6]. Shareholder Meeting Details - Equinox Gold's Annual and Special Meeting of shareholders is scheduled for April 24, 2025, at 1:30 PM (Vancouver time), where shareholders can vote on the Share Issuance Resolution and other matters [7]. - Shareholders of record as of March 18, 2025, are eligible to vote, and various voting methods are available, including online, by telephone, or in person [7][8].

Core Viewpoint - Equinox Gold Corp. has indefinitely suspended operations at its Los Filos Mine in Guerrero, Mexico, due to the expiration of its land access agreement with the Carrizalillo community on March 31, 2025 [1]. Group 1: Operational Impact - The suspension of operations at Los Filos Mine is a significant setback, as long-term agreements with local communities are crucial for the economic and investment conditions necessary for continued operations, including the proposed construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant [2]. - Equinox Gold has not included any production from the Los Filos Mine in its 2025 production guidance, indicating a direct impact on expected output [3]. Group 2: Community Engagement - The company has been in discussions with the three communities hosting the mine since November 2023, reaching a consensus on terms in January 2025, and has signed new long-term agreements with the Mezcala and Xochipala communities. However, Carrizalillo has not signed a new agreement [3]. Group 3: Company Overview - Equinox Gold is a growth-focused Canadian mining company operating in the Americas, with existing gold mines in Canada, the USA, and Brazil, and aims to achieve over one million ounces of annual gold production from its expansion projects [4].

Core Points - Equinox Gold Corp. will hold its annual and special meeting of shareholders on April 24, 2025, at 1:30 PM Vancouver time, followed by a corporate update [1] - Shareholders will vote on the Arrangement Resolution to issue Equinox Gold common shares as part of the business combination with Calibre Mining Corp., where each Calibre share will be exchanged for 0.31 of an Equinox Gold common share [2] - The Board of Directors recommends that shareholders vote FOR the Arrangement Resolution, believing it is in the best interests of Equinox Gold [3] Strategic Rationale - The combination will create a major diversified gold producer in the Americas with potential annual gold production exceeding 1.2 million ounces from mines in five countries [6] - The combined entity will become the second largest gold producer in Canada, with the Greenstone Gold Mine and Valentine Gold Mine expected to produce a total of 590,000 ounces of gold per year at capacity [6] - The merger is anticipated to generate substantial free cash flow, enabling quick deleveraging due to increased production at high gold prices [6] - There is an exceptional growth profile with additional production growth expected from the Valentine Gold Mine and a pipeline of development projects [6] - The combined company has significant re-rate potential based on peer valuation, with greater scale, lower risk, and superior free cash flow [6] - The leadership team includes experienced individuals with a proven track record, ensuring effective governance and shareholder value creation [6] Meeting Materials and Voting Process - Equinox Gold's management information circular, detailing the Arrangement's background and benefits, is being distributed to shareholders [7] - Shareholders can vote online, by telephone, or by mail, and are invited to attend the Annual Meeting in person or via an online webcast for viewing purposes only [7][8] - The deadline for proxy voting is set for 1:30 PM on April 22, 2025 [9] Regulatory Approvals - Equinox Gold received an advance ruling certificate on March 25, 2025, satisfying the Canadian Competition Approval condition for the Arrangement [10] - The Arrangement is subject to shareholder and court approvals, as well as regulatory approvals from both Canada and Mexico, with an expected closing by the end of Q3 2025 [10] Annual Filings - The Company has filed its Annual Information Form and Annual Report on Form 40-F for the year ended December 31, 2024, available for download on SEDAR+ and EDGAR [11]

Core Viewpoint - Equinox Gold Corp. has filed its audited financial statements and management's discussion and analysis for the year ended December 31, 2024, indicating a commitment to transparency and regulatory compliance [1] Financial Statements - The financial statements for the three months and year ended December 31, 2024, are now available for download on the company's website, SEDAR+, and EDGAR [1]

Production and Sales Performance - Equinox Gold achieved a record annual production of 621,893 ounces of gold in 2024, with 623,579 ounces sold at an average realized price of $2,423 per ounce[4][11]. - For Q4 2024, the company produced 213,964 ounces of gold and sold 217,678 ounces at an average realized price of $2,636 per ounce[7][18]. - Gold production for 2024 was 621,893 ounces, with guidance for 2025 set between 635,000 and 750,000 ounces[22][23]. - Gold ounces sold in Q4 2024 reached 217,678, a 25.1% increase from 173,973 ounces sold in Q4 2023[79]. - Adjusted gold ounces sold for the year ended December 31, 2024, totaled 549,032, slightly down from 559,481 ounces in 2023[79]. - Gold ounces sold for the year ended December 31, 2024, totaled 623,579 ounces, an increase from 559,481 ounces in 2023[90]. Financial Performance - Total revenue for 2024 was $1,514.1 million, with net income of $339.3 million or $0.85 per share[11][18]. - Adjusted EBITDA for 2024 was $458.2 million, reflecting strong operational performance[11][18]. - Total revenue for 2024 reached $1,514,120, an increase of 39.2% compared to $1,088,191 in 2023[72]. - Net income for 2024 was $339,287, significantly up from $28,884 in 2023, representing an increase of 1,075.5%[72]. - Operating cash flow before changes in non-cash working capital was $430,198 in 2024, compared to $527,450 in 2023[74]. - AISC contribution margin for the year ended December 31, 2024, was $300.7 million, compared to $184.2 million in 2023, reflecting a 63.1% increase[90]. - Adjusted net income for the three months ended December 31, 2024, was $77.5 million, compared to $37.4 million in the previous quarter, marking a 106.5% increase[95]. Cost Management - Cash costs for 2024 were $1,598 per ounce, with all-in sustaining costs (AISC) of $1,870 per ounce[11][18]. - Cash costs for 2024 were $1,598 per ounce, with 2025 guidance estimated between $1,075 and $1,175 per ounce[22][23]. - All-in sustaining costs (AISC) for 2024 were $1,870 per ounce, with 2025 guidance ranging from $1,455 to $1,550 per ounce[22][23]. - Cash costs per gold ounce sold decreased to $1,458 in Q4 2024 from $1,720 in Q3 2024, a reduction of 15.3%[79]. - AISC per ounce sold for the year ended December 31, 2024, was $1,870, compared to $1,612 in 2023, indicating a 15.9% increase[79]. Future Guidance and Expectations - The company expects to produce between 635,000 to 750,000 ounces of gold in 2025, with cash costs projected at $1,075 to $1,175 per ounce and AISC at $1,455 to $1,550 per ounce[5][11]. - Greenstone's production guidance for 2025 is set at 300,000 to 350,000 ounces, with cash costs of $790 to $890 per ounce and AISC of $1,045 to $1,145 per ounce[40]. - The Bahia Complex production guidance for 2025 is set at 125,000 to 145,000 ounces of gold, with cash costs projected between $1,360 and $1,460 per ounce[58]. - Mesquite's production guidance for 2025 is set at 90,000 to 105,000 ounces of gold, with cash costs expected between $1,235 and $1,335 per ounce[45]. - Aurizona's production guidance for 2025 is 70,000 to 90,000 ounces of gold, with cash costs projected at $1,205 to $1,305 per ounce[54]. - RDM's production guidance for 2025 is 50,000 to 60,000 ounces of gold, with cash costs expected to range from $1,615 to $1,715 per ounce[69]. Operational Developments - Equinox Gold consolidated 100% ownership of the Greenstone Mine, producing over 111,700 ounces of gold in its first partial year of operations[4][11]. - The company is advancing the Castle Mountain expansion and consolidating its Fazenda and Santa Luz mines into the Bahia Complex[6][11]. - The company achieved commercial production at Greenstone on November 6, 2024, which is expected to positively impact future production and revenue[80]. - The company plans to use increased cash flow from operations to target approximately $200 million in debt repayment in the second half of 2025[34]. - The company is focused on expanding operations at Castle Mountain and Aurizona, with ongoing negotiations for new long-term agreements at Los Filos[99]. Community and Environmental Relations - New long-term agreements with local communities at the Los Filos Mine are critical for continued operations, with two communities ratifying agreements while one remains outstanding[5][11]. - Operations at Los Filos in 2025 depend on the successful completion of long-term agreements with local communities, with one agreement still outstanding[24]. - The Company is focused on maintaining relationships with local communities and Indigenous populations to mitigate risks related to production and cost estimates[103]. - The Company is committed to achieving environmental performance objectives and complying with health and safety regulations[101]. Financial Position - The company maintained cash and cash equivalents of $239.3 million and net debt of $1,108.5 million as of December 31, 2024[11][18]. - Cash and cash equivalents increased to $239,329 in 2024 from $191,995 in 2023, a growth of 24.6%[74]. - Total assets rose to $6,713,595 in 2024, up 54.1% from $4,350,377 in 2023[71]. - Total liabilities increased to $3,316,043 in 2024, a rise of 73.8% compared to $1,907,916 in 2023[71]. - Net debt as of December 31, 2024, was $1,108.5 million, an increase from $733.0 million in 2023[97]. Strategic Vision and Risks - The Company emphasizes that Forward-looking Information is based on current expectations and projections regarding exploration, production, and cost management[101]. - The Company has outlined potential risks including fluctuations in gold prices and operational hazards inherent in mining, which may impact actual results[103]. - The Company cautions that assumptions made regarding macroeconomic factors and energy prices may prove incorrect, impacting future performance[102]. - The Company has established a framework for disclosing mineral reserves and resources in accordance with NI 43-101 standards, which differ from SEC requirements[106]. - The Company has qualified personnel overseeing technical content, ensuring adherence to industry standards in reporting[107].

Core Insights - The article discusses the recent trends in the commodities market, particularly focusing on gold prices and their fluctuations due to various economic factors [1] Group 1: Market Trends - Gold prices have seen significant volatility, influenced by changes in interest rates and inflation expectations [1] - Recent data indicates that gold prices have increased by 5% over the last month, reflecting a shift in investor sentiment towards safe-haven assets [1] Group 2: Economic Factors - The article highlights that rising inflation rates have prompted investors to seek refuge in gold, traditionally viewed as a hedge against inflation [1] - Central bank policies, particularly those of the Federal Reserve, are impacting gold prices as market participants adjust their expectations regarding future interest rate hikes [1]