Equinox Gold Reports Record Preliminary Gold Production in Q4

Core Insights - Equinox Gold Corp. achieved record gold production of 213,960 ounces in Q4 2024, contributing to an annual total of 621,870 ounces, within the guidance range of 590,000-675,000 ounces [1][2] Financial Position - At the end of 2024, Equinox Gold had approximately $240 million in cash and equivalents, with an additional$105 million available from its revolving credit facility and a $100 million undrawn accordion feature [2] - The company reduced its debt by$180 million through a $40 million payment to Orion Mine Finance and the conversion of$140 million in convertible notes into equity [3] Operational Updates - Equinox Gold acquired full ownership of the Greenstone mine in 2024, achieving commercial production and producing around 111,700 ounces of gold in its first partial year of operations [4] Stock Performance - Over the past year, Equinox Gold's shares increased by 26.9%, outperforming the industry growth of 24.3% [5]