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Equinox Gold Corp

www: www.equinoxgold.com   email: info@equinoxgold.com
Category: Major
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Symbol Data

Symbol Currency
TSE:EQX CAD
NYSEAMERICAN:EQX USD

Description

Equinox Gold Corp are a gold focused major with two producing mines in Nicaragua and USA, four mines in development in Canada, Mexico and USA and exploration properties. Currently they produce roughly 1.1Moz. of gold per year. They have approximately 62Moz. of gold in the reserves and resources category of which 48Moz. are in the measured and indicated category. They have a market capitalisation of ~$12317.71M which is a fall of roughly 6% over the last days. As of 07/04/2026 they have ~$600M debt and ~$790M cash. They have 1,135M shares outstanding and trade on the Toronto Stock Exchange.

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General Details

Financial 07/04/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $13,112.80M $12,317.71M 07/04/2026 $-795.08M
MCap (OS): $11,944.64M $11,220.39M 07/04/2026 $-724.25M
Total Assets: $9,000.00M $9,000.00M 07/04/2026 $0.00M
Total Liabilities: $4,000.00M $4,000.00M 07/04/2026 $0.00M
Current Assets: $790.00M $790.00M 07/04/2026 $0.00M
Current Liabilities: $693.00M $693.00M 07/04/2026 $0.00M
Total Debt: $600.00M $600.00M 07/04/2026 $0.00M
Cash: $790.00M $790.00M 07/04/2026 $0.00M
Debt (Net): $-190.00M $-190.00M $0.00M
Enterprise Value: $12,922.80M $12,127.71M $-795.08M
Cash Flow: $1,622.79M $1,591.23M never $-31.56M
Cash Flow Multiple: 8.08 7.74 never -0.34
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 07/04/2026 n/a
Misc 07/04/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 1,135,000,001 1,135,000,001 07/04/2026 0
Shares (FD): 1,246,000,000 1,246,000,000 07/04/2026 0
Insider Ownership: n/a n/a 07/04/2026 n/a
Dividend (Annual): n/a n/a 07/04/2026 n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a 01/01/2018 07/04/2026 n/a
Production (Gold Eq Oz.): (guess) 
1,100,000		 (guess) 
1,100,000		 07/04/2026 0
Production (Silver Eq Oz.): (guess) 
73,496,335		 (guess) 
74,909,295		 07/04/2026 1,412,960
Development Phase: Producer (Multiple Mines) Producer (Multiple Mines) 07/04/2026 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 20
Producer: Growth Potential
 20
Producer: Growth Potential
 07/04/2026 0
Cash Flow Multiple: 24 24 07/04/2026 0.00

Resource Data

GOLD 07/04/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 23.00M 23.00M 07/04/2026 0.00M
Measured & Indicated: 48.00M 48.00M 07/04/2026 0.00M
Inferred: 14.00M 14.00M 07/04/2026 0.00M
Reserves & Resources: 62.00M 62.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 19.55M 19.55M 07/04/2026 0.00M
Measured & Indicated: 36.55M 36.55M 07/04/2026 0.00M
Inferred: 5.95M 5.95M 07/04/2026 0.00M
Reserves & Resources: 42.50M 42.50M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
1,100,000oz.		 (guess) 
1,100,000oz.		 07/04/2026 0oz.
Cash Cost: $1,700 $1,700 07/04/2026 $0.00
Extra Operating Cost: $1,000 $1,000 07/04/2026 $0.00
Total: $2,700 $2,700 07/04/2026 $0.00
Margin (Free Cash Flow): $1,475 (35%) $1,447 (35%) $-28.69
MCap / Production (AuEq): $11,920.72 $11,197.92 $-722.80
EV / Production (AuEq): $11,748.00 $11,025.19 $-722.80
G
R
A
D
E		 Underground (Avg): 5.00 g/t 5.00 g/t 07/04/2026 n/a
Open Pit (Avg): n/a 0.75 g/t 07/04/2026 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 07/04/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: 35.00M 35.00M 07/04/2026 0.00M
Annual Production: 1,500,000oz. 1,500,000oz. 07/04/2026 0oz.
Cash Cost: $2,100 $2,100 07/04/2026 $0
Extra Operating Cost: $1,000 $1,000 07/04/2026 $0
SILVER 07/04/2026
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 07/04/2026 0.00M
Measured & Indicated: n/a n/a 07/04/2026 0.00M
Inferred: n/a n/a 07/04/2026 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 07/04/2026 0.00M
Measured & Indicated: n/a n/a 07/04/2026 0.00M
Inferred: n/a n/a 07/04/2026 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 07/04/2026 $0.00
Extra Operating Cost: n/a n/a 07/04/2026 $0.00
Total: n/a n/a 07/04/2026 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $178.41 $164.44 $-13.98
EV / Production (AgEq): $175.83 $161.90 $-13.93
G
R
A
D
E		 Underground (Avg): n/a n/a 07/04/2026 n/a
Open Pit (Avg): n/a n/a 07/04/2026 n/a
Recovery Rate: n/a n/a 07/04/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 07/04/2026 0.00M
Annual Production: n/a n/a 07/04/2026 n/a
Cash Cost: n/a n/a 07/04/2026 n/a
Extra Operating Cost: n/a n/a 07/04/2026 n/a

Property

Last Analysis Data  (07/04/2026)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Santa Luz
100 show
On Care & Maintenance.

100,000 oz per year
$84 million capex to restart production.
Dev Valentine Lake
100 show
3 million oz and growing. Large 10 mile trend on 60,000 acres.

Moving towards development.

Open Pit and Underground.

Size: 26,000 ha
Exp Baie Verte
100 n/a
Exp Finger Pond
100 n/a
Exp Greenstone
60 show
8M oz project

70% ownership

240,000 oz year (their share)
Exp Los Filos
100 show
Open Pit and Underground mines.

150,000 acres.

Size: 60,000 ha
Prod Limon
100 n/a
Exp East Borosi
30 show
700,000 oz at 5 gpt

IAMGold JV
Exp La Libertad
100 show
80,000 oz annual production.
1 million oz.
Growing in size.
Exp Pavon
100 show
High grade open pit

250,000 oz at 5 gpt.

Growing in size.
Prod Pan
100 show
3M oz at .8 gpt

40,000 oz production.

$800 cash costs.

Size: 10,000 ha
Dev Castle Mountain
100 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.

Size: 3,000 ha
Dev Goldstrike
100 show
600,000 oz at .5 gpt

Next mine.

Near Pan.

Size: 10,000 ha
Exp Bonanza Mine
100 show
Past producing high grade gold mine.
Exp Golden Eagle
100 show
2 million oz at 1.3 gpt
Exp Mesquite
100 show
1.1 million oz of reserves

135,000 oz annual production.

$1,100 all-in costs.
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Valentine Lake
100 show
3 million oz and growing. Large 10 mile trend on 60,000 acres.

Moving towards development.

Open Pit and Underground.

Size: 26,000 ha
Exp Baie Verte
100 n/a
Exp Finger Pond
100 n/a
Exp Greenstone
60 show
8M oz project

70% ownership

240,000 oz year (their share)
Dev Los Filos
100 show
Open Pit and Underground mines.

150,000 acres.

Size: 60,000 ha
Prod Limon
100 n/a
Exp East Borosi
30 show
700,000 oz at 5 gpt

IAMGold JV
Exp La Libertad
100 show
80,000 oz annual production.
1 million oz.
Growing in size.
Exp Pavon
100 show
High grade open pit

250,000 oz at 5 gpt.

Growing in size.
Prod Pan
100 show
3M oz at .8 gpt

40,000 oz production.

$800 cash costs.

Size: 10,000 ha
Dev Castle Mountain
100 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.

Size: 3,000 ha
Dev Goldstrike
100 show
600,000 oz at .5 gpt

Next mine.

Near Pan.

Size: 10,000 ha
Exp Bonanza Mine
100 show
Past producing high grade gold mine.
Exp Golden Eagle
100 show
2 million oz at 1.3 gpt
Exp Mesquite
100 show
1.1 million oz of reserves

135,000 oz annual production.

$1,100 all-in costs.

Profitability (by resource)

Proven &
Probable		 07/04/2026
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.): 23.00M 23.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 29.54M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 19.55M 19.55M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 25.11M
Maximum Profit (Gold): $28,841.33M $28,280.44M n/a $-560.89M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $28,841.33M $28,280.44M n/a $-560.89M
Max Profit / Current MCap: 2.199 2.296 n/a 0.096
Max Profit Per Share (Gold): $23.15 $22.70 n/a $-0.45
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $23.15 $22.70 n/a $-0.45
Total Free Profit Per Share: $8.22 $8.64 n/a $0.42
FD MCap / Gold Eq.: $670.73 $630.06 n/a $-40.67
FD MCap / Silver Eq.: $10.04 $9.25 n/a $-0.79
FD MCap / Per Metal
as % Spot Price:		 16.06% 15.19% n/a -0.87%
EV / Gold Eq.: $661.01 $620.34 n/a $-40.67
EV / Silver Eq.: $9.89 $9.11 n/a $-0.78
EV / Per Metal
as % Spot Price:		 15.83% 14.96% n/a -0.87%
Measured &
Indicated		 07/04/2026
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.): 48.00M 48.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 61.66M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 36.55M 36.55M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 46.95M
Maximum Profit (Gold): $53,920.75M $52,872.13M n/a $-1,048.62M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $53,920.75M $52,872.13M n/a $-1,048.62M
Max Profit / Current MCap: 4.112 4.292 n/a 0.180
Max Profit Per Share (Gold): $43.28 $42.43 n/a $-0.84
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $43.28 $42.43 n/a $-0.84
Total Free Profit Per Share: $28.35 $28.38 n/a $0.03
FD MCap / Gold Eq.: $358.76 $337.01 n/a $-21.75
FD MCap / Silver Eq.: $5.37 $4.95 n/a $-0.42
FD MCap / Per Metal
as % Spot Price:		 8.59% 8.13% n/a -0.47%
EV / Gold Eq.: $353.56 $331.81 n/a $-21.75
EV / Silver Eq.: $5.29 $4.87 n/a $-0.42
EV / Per Metal
as % Spot Price:		 8.47% 8.00% n/a -0.47%

Reserves &
Resources		 07/04/2026
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.): 62.00M 62.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 79.64M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 42.50M 42.50M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 54.59M
Maximum Profit (Gold): $62,698.55M $61,479.23M n/a $-1,219.33M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $62,698.55M $61,479.23M n/a $-1,219.33M
Max Profit / Current MCap: 4.781 4.991 n/a 0.210
Max Profit Per Share (Gold): $50.32 $49.34 n/a $-0.98
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $50.32 $49.34 n/a $-0.98
Total Free Profit Per Share: $35.39 $35.29 n/a $-0.10
FD MCap / Gold Eq.: $308.54 $289.83 n/a $-18.71
FD MCap / Silver Eq.: $4.62 $4.26 n/a $-0.36
FD MCap / Per Metal
as % Spot Price:		 7.39% 6.99% n/a -0.40%
EV / Gold Eq.: $304.07 $285.36 n/a $-18.71
EV / Silver Eq.: $4.55 $4.19 n/a $-0.36
EV / Per Metal
as % Spot Price:		 7.28% 6.88% n/a -0.40%

Future Valuation (Cash Flow & Totals)

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