Canada's Equinox Gold Q3 revenue rises on Musselwhite, Camino Rojo production
EQX•Equinox Gold reported third-quarter revenue of $1.05 billion and adjusted EPS of $0.19, and declared a dividend of $0.0225 per share. It remains on track for the low end of its 870,000-to-920,000-ounce production guidance and the high end of its $1,900-to-$2,000-per-ounce AISC guidance.
1. Quarterly results
Equinox Gold reported third-quarter revenue of $1.05 billion and adjusted earnings per share of $0.19. The company declared a quarterly dividend of $0.0225 per share.
2. Production and projects
Two months of ownership of Musselwhite and Camino Rojo following the July 31 Orla combination contributed to adjusted EBITDA. Musselwhite produced 63,090 ounces, exceeding expectations on higher tonnes processed; Valentine production rose 6% quarter over quarter, mainly on a 16% increase in processed grade.
3. Guidance and plans
Equinox Gold remains on track to produce 870,000 to 920,000 ounces, at the low end of its guidance range, and for AISC of $1,900 to $2,000 per ounce, at the high end. Valentine Phase 2 expects to double processing throughput to 5 million tonnes per year, with construction completed in late 2028. South Railroad plans initial mining in spring 2027 and targets first gold production in the first half of 2028.
