Equinox Gold's Q3 revenue hits $819 mln, boosted by record gold production

Equinox Gold

05/11/2025 23:27

Overview

Equinox Gold Q3 rev reaches $819 mln, reflecting strong operational performance

Record gold production of 236,382 oz in Q3, driven by Greenstone and Valentine

Company reduces debt by $139 mln, adds $88 mln cash from Nevada asset sale

Outlook

Equinox Gold expects Greenstone to deliver a strong Q4 and continue momentum into 2026

Valentine is anticipated to reach nameplate capacity by Q2 2026

Company entering 2026 with growing Canadian production and improving cash flow

Result Drivers

GREENSTONE IMPROVEMENTS - Operational performance at Greenstone advanced with mining rates up 10% over Q2 and mill grades improving 13%

VALENTINE RAMP-UP - Valentine project commissioning ahead of expectations, with plant reaching 91% of nameplate capacity in October

FINANCIAL STRENGTHENING - Co reduced debt by $139 mln and added $88 mln in cash from Nevada asset sale, enhancing financial flexibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$819 mln
Q3 Adjusted EPS
$0.19
Q3 Adjusted Net Income
$147.40 mln
Q3 Net Income
$85.60 mln
Q3 Adjusted EBITDA
$420 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Equinox Gold Corp is C$19.50, about 23.4% above its November 5 closing price of C$14.94

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nNFCkLQvs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)