Equinox Gold to Repurchase 39.4M Shares Over 12 Months, Declares US$0.015 Dividend
Equinox Gold received TSX approval to repurchase up to 39,414,095 common shares (5% of its 788,281,919 outstanding) through a 12-month program running March 2, 2026, to March 1, 2027. The company has cut debt by over US$1.1 billion since Q2 2025 and instituted a quarterly US$0.015 per share dividend.
1. NCIB Authorization and Scope
The Toronto Stock Exchange approved Equinox Gold’s notice to repurchase up to 39,414,095 common shares, representing approximately 5% of its 788,281,919 issued shares. Purchases commence March 2, 2026, run to March 1, 2027 (or until the limit is reached), with daily TSX limits set at 660,178 shares and all repurchased shares to be cancelled.
2. Debt Reduction Milestone
Equinox Gold has reduced its debt by over US$1.1 billion since the end of Q2 2025 by deploying proceeds from asset divestments and strong cash flows from operating mines. This deleveraging effort has fortified the company’s balance sheet and enhanced its capacity for strategic capital returns.
3. Dividend Introduction and Capital Allocation
Following the debt reduction, Equinox Gold initiated a quarterly cash dividend of US$0.015 per share on February 18. Management projects that 2026 free cash flow at current gold prices will sufficiently fund both the share repurchase program and the dividend, reinforcing the company’s commitment to shareholder value.