Quarterly ResultAug 5, 2026, 05:34 PM
Equinox Gold H1 2026 Net Income $540.7M; EPS $0.68
AI Summary
Equinox Gold reported strong financial results for H1 2026, with net income reaching $540.7 million, a significant turnaround from a loss in H1 2025, and revenue from continuing operations surging to $1.63 billion. The company completed the sale of its Brazil operations in January 2026, generating $907.6 million in net proceeds and a $117.7 million gain. Post-period, Equinox Gold completed the acquisition of Orla Mining Ltd., adding three new mines to its portfolio. Additionally, the company repaid $761.3 million in loans and amended its Revolving Facility, increasing it to $1.0 billion.
Key Highlights
- H1 2026 Net Income $540.7 million, up from $(51.6) million loss in H1 2025.
- H1 2026 Basic EPS $0.68, compared to $(0.11) in H1 2025.
- H1 2026 Revenue from continuing operations $1.63 billion, a 196% increase YoY.
- Completed sale of Brazil operations in January 2026 for $907.6 million net proceeds.
- Repaid $500 million Term Loan and $261.3 million Sprott Loan in Q1 2026.
- Amended Revolving Facility to $1.0 billion, extending maturity to July 2030.
- Ratified 20-year land access agreements for Los Filos, planning restart of operations.
- Operating cash flow for H1 2026 was $440.3 million.
Price Impact
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