Equinox Gold starts early works at South Railroad Nevada project after securing final federal permits
EQX•Equinox Gold received final federal permits for its South Railroad project in Nevada and started early works, targeting first gold in 2028. The company reported third-quarter production of 237,019 ounces and maintained 2026 guidance of 870,000 to 920,000 ounces.
1. South Railroad development
Equinox Gold received final federal permits for its South Railroad project in Nevada and started early works. The company is targeting first gold in 2028.
2. Quarterly production and finances
Equinox Gold reported third-quarter 2026 gold production of 237,019 ounces, including two months of production from Musselwhite and Camino Rojo following the Orla deal. Year-to-date production reached 611,483 ounces, and the company maintained its 2026 guidance of 870,000 to 920,000 ounces. It repaid $190 million of debt during the quarter and ended with $527 million in cash and $163 million in net cash.
3. Debt and share repurchases
The company plans to redeem $172.5 million of 2023 convertible notes on or before October 19, 2026. It also bought back 759,000 shares for about $9 million.
