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Category: Junior: Near-term Producer
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Equinox Gold
www: www.equinoxgold.com     email: info@equinoxgold.com

Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
CVE:EQX CAD
OTCMKTS:EQXGF USD

Description

Equinox Gold are a gold focused junior near-term producer with one producing mine in Brazil, four mines in development in Brazil, Canada and USA and five exploration properties. Currently they produce roughly per year. They have approximately 7.5Moz. of gold in the reserves and resources category of which 5.5Moz. are in the measured and indicated category. They have a market capitalisation of ~$458.02M which is a fall of roughly 11% over the last three months. As of 03/23/2018 they have ~$85M debt and ~$90M cash. They have 445M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 03/23/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $514.76M $458.02M 03/23/2018 $-56.75M
Total Assets: $281.25M $281.25M 03/23/2018 $0.00M
Total Liabilities: $76.97M $76.97M 03/23/2018 $0.00M
Current Assets: $90.00M $90.00M 03/23/2018 $0.00M
Current Liabilities: $20.07M $20.07M 03/23/2018 $0.00M
Total Debt: $85.00M $85.00M 03/23/2018 $0.00M
Cash: $90.00M $90.00M 03/23/2018 $0.00M
Enterprise Value: $509.76M $453.02M 05/10/1984 $-56.75M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 03/23/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 03/23/2018 0.00%
Misc 03/23/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 445,000,000 445,000,000 03/23/2018 0
Shares (FD): 582,000,000 582,000,000 03/23/2018 0
Insider Ownership: n/a 33% 03/23/2018 33%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2018 03/23/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
03/23/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
03/23/2018 0
Initial CapEx (Outstanding): $146.00M
28.36% of Mkt.Cap
$146.00M
31.88% of Mkt.Cap
03/23/2018 $0.00M
Funding Option: n/a (guess)  Issue stock 03/23/2018 n/a
Documentation: none PFS 03/23/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 03/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 1.00M 1.00M 03/23/2018 0.00M
Measured & Indicated: 5.50M 5.50M 03/23/2018 0.00M
Inferred: 2.00M 2.00M 03/23/2018 0.00M
Reserves & Resources: 7.50M 7.50M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.90M 0.90M 03/23/2018 0.00M
Measured & Indicated: 4.14M 4.14M 03/23/2018 0.00M
Inferred: 0.90M 0.90M 03/23/2018 0.00M
Reserves & Resources: 5.04M 5.04M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 03/23/2018 $0.00
Extra Operating Cost: n/a n/a 03/23/2018 $0.00
Average Grade: 1.50 g/t 1.50 g/t 03/23/2018 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 03/23/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 5.00M 5.00M 03/23/2018 0.00M
Annual Production: 300,000oz. 300,000oz. 03/23/2018 0oz.
Cash Cost: $750 $750 03/23/2018 $0
Extra Operating Cost: $400 $400 03/23/2018 $0
SILVER 03/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 03/23/2018 0.00M
Measured & Indicated: n/a n/a 03/23/2018 0.00M
Inferred: n/a n/a 03/23/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 03/23/2018 0.00M
Measured & Indicated: n/a n/a 03/23/2018 0.00M
Inferred: n/a n/a 03/23/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 03/23/2018 $0.00
Extra Operating Cost: n/a n/a 03/23/2018 $0.00
Average Grade: n/a n/a 03/23/2018 n/a
Recovery Rate: n/a n/a 03/23/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 03/23/2018 0.00M
Annual Production: n/a n/a 03/23/2018 n/a
Cash Cost: n/a n/a 03/23/2018 n/a
Extra Operating Cost: n/a n/a 03/23/2018 n/a

Property

Last Analysis Data  (03/23/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Sao Luis, Brazil Aurizona 100% 15,000 Open Pit n/a
Development Brazil, Brazil Aurizona 100% (guess) 200,000 Both show
2 million oz deposit.

$146 Capex
Production in 2019.
Development Novo Progreso, Brazil Coringa 100% 28,000 Open Pit show
Working on feasibility study. Once completed in 2017, they will need to obtain the capex of about $65 million.

Potential production in 2018.
Development British Columbia, Canada Elk Mountain 100% 16,000 Open Pit show
500,000 oz high grade surface mine. Past producing mine in the 1990s.
Development California, USA Castle Mountain 100% (guess) 3,000 Open Pit show
4 million oz resource.

Low grade at .6 gpt

All-in cost projected to be around $1,000 per oz.

PEA: Low capex of only $98 million.
Exploration Sao Luis, Brazil Cachoeira 0% n/a n/a n/a
Exploration Brazil Luna Greenfields 100% (guess) 220,000 Open Pit show
Early exploration.
Exploration Maranhao, Brazil Maranhao 100% n/a n/a n/a
Exploration British Columbia, Canada Elk 100% (guess) n/a n/a show
400,000 oz deposit at 6 gpt
Exploration Chile, Chile Ricardo 100% (guess) 16,000 n/a show
Early exploration.
Total Land Package Size (ha): 498,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Sao Luis, Brazil Aurizona 100% 15,000 Open Pit n/a
Development Brazil, Brazil Aurizona 100% (guess) 200,000 Both show
2 million oz deposit.

$146 Capex
Production in 2019.
Development Novo Progreso, Brazil Coringa 100% 28,000 Open Pit show
Working on feasibility study. Once completed in 2017, they will need to obtain the capex of about $65 million.

Potential production in 2018.
Development British Columbia, Canada Elk Mountain 100% 16,000 Open Pit show
500,000 oz high grade surface mine. Past producing mine in the 1990s.
Development California, USA Castle Mountain 100% (guess) 3,000 Open Pit show
4 million oz resource.

Low grade at .6 gpt

All-in cost projected to be around $1,000 per oz.

PEA: Low capex of only $98 million.
Exploration Sao Luis, Brazil Cachoeira 0% n/a n/a n/a
Exploration Brazil Luna Greenfields 100% (guess) 220,000 Open Pit show
Early exploration.
Exploration Maranhao, Brazil Maranhao 100% n/a n/a n/a
Exploration British Columbia, Canada Elk 100% (guess) n/a n/a show
400,000 oz deposit at 6 gpt
Exploration Chile, Chile Ricardo 100% (guess) 16,000 n/a show
Early exploration.
Total Land Package Size (ha): 498,000  

Profitability (by resource)

Proven &
Probable
03/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.00M 1.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.71M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.90M 0.90M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.34M
Maximum Profit (Gold): $123.98M $74.59M n/a $-49.39M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $123.98M $74.59M n/a $-49.39M
Max Profit / Current MCap: 0.241 0.163 n/a -0.078
Max Profit Per Share (Gold): $0.21 $0.13 n/a $-0.08
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.21 $0.13 n/a $-0.08
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $571.96 $508.91 n/a $-63.05
FD Mkt. Cap / Silver Eq.: $7.02 $6.54 n/a $-0.48
FD Mkt. Cap / Per Metal
as % Spot Price:
42.47% 40.12% n/a -2.35%
Measured &
Indicated
03/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 5.50M 5.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -20.39M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.14M 4.14M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -15.35M
Maximum Profit (Gold): $570.33M $343.12M n/a $-227.20M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $570.33M $343.12M n/a $-227.20M
Max Profit / Current MCap: 1.108 0.749 n/a -0.359
Max Profit Per Share (Gold): $0.98 $0.59 n/a $-0.39
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.98 $0.59 n/a $-0.39
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $124.34 $110.63 n/a $-13.71
FD Mkt. Cap / Silver Eq.: $1.53 $1.42 n/a $-0.10
FD Mkt. Cap / Per Metal
as % Spot Price:
9.23% 8.72% n/a -0.51%

Reserves &
Resources
03/23/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.50M 7.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -27.81M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.04M 5.04M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -18.69M
Maximum Profit (Gold): $694.31M $417.72M n/a $-276.60M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $694.31M $417.72M n/a $-276.60M
Max Profit / Current MCap: 1.349 0.912 n/a -0.437
Max Profit Per Share (Gold): $1.19 $0.72 n/a $-0.48
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.19 $0.72 n/a $-0.48
Total Free Profit Per Share: $0.05 $0.00 n/a $-0.05
FD Mkt. Cap / Gold Eq.: $102.14 $90.88 n/a $-11.26
FD Mkt. Cap / Silver Eq.: $1.25 $1.17 n/a $-0.09
FD Mkt. Cap / Per Metal
as % Spot Price:
7.58% 7.16% n/a -0.42%

Future Valuation (Cash Flow & Totals)

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