Equinox Gold Initiates US$0.015 Quarterly Dividend, Plans 5% NCIB
Equinox Gold’s Board declared an inaugural quarterly cash dividend of US$0.015 per share payable on March 26, 2026 to shareholders of record March 12, 2026, with a policy targeting US$0.06 per share annually. The company also applied for a normal course issuer bid to repurchase up to 5% of shares.
1. Dividend Declaration and Terms
The Board approved an inaugural quarterly cash dividend of US$0.015 per share, payable on March 26, 2026 to shareholders of record on March 12, 2026. It established a dividend policy targeting US$0.06 per share annually, subject to quarterly Board review and the company’s financial performance and capital requirements.
2. Normal Course Issuer Bid
Equinox Gold applied to the Toronto Stock Exchange for a normal course issuer bid authorizing repurchase and cancellation of up to 5% of issued and outstanding shares. The NCIB aims to provide capital return flexibility and signal confidence in the company’s financial position.
3. Strategic Outlook and Growth Plans
Management highlighted a strengthened balance sheet, low net debt and robust cash flow supporting organic growth of 400,000–500,000 ounces over the next five years. Key projects include the Phase 2 expansion at Valentine, Castle Mountain enhancements and optionality at Los Filos, with potential for future dividend increases.