Equinox Gold Stock Earnings Reports

Equinox Gold reported a solid start to 2026 with production of 197 koz, cash costs of $1,633/oz and AISC of $1,950/oz. Canadian operations drove momentum, contributing >87 koz as Greenstone continued throughput improvements and Valentine completed its first full quarter (27 koz) despite severe winter impacts; management expects steady quarter-over-quarter improvements and remains on track to meet full-year guidance. The quarter delivered strong financial results: ~$199 koz sold at a realized price of ~$4,600/oz, $527M adjusted EBITDA, $310M net income and $234M adjusted net income; the company ended Q1 with $363M cash and ~ $80M net debt (ex-convertibles). Key corporate actions included sale of Brazilian assets, repayment of $990M of debt, initiation of a share buyback, inaugural dividend and a subsequent refinancing of the revolving credit facility, leaving ~ $1B available liquidity as of April 30. Management reiterated priorities for 2026: ramp Greenstone and Valentine to nameplate, maintain cost discipline, advance organic growth (Phase 2 at Valentine, Castle Mountain permitting, and potential restart at Los Filos), strengthen the balance sheet and return capital to shareholders. Operational focuses include mining control and grade reconciliation at Valentine, resolving bench turnover/void issues at Greenstone, and progressing long-lead items and engineering for expansions. Capital plans include ~ $80M of tailings/shear-key related CapEx for Greenstone in 2026, with some carryover into 2027.