Quarterly ResultMay 6, 2026, 05:15 PM
Equinox Gold Q1 Gold Production 197,628 oz; Repays $988.6M Debt
AI Summary
Equinox Gold reported a solid start to Q1 2026, producing 197,628 ounces of gold with cash costs of $1,633/oz and AISC of $1,950/oz. The company generated $861.6 million in revenue from continuing operations and achieved a net income of $310.1 million ($0.39 per share). Following the sale of its Brazil assets, Equinox Gold significantly deleveraged by repaying $988.6 million of debt, initiated a share buyback program, and declared its inaugural quarterly dividend of $0.015 per share, with a second dividend approved.
Key Highlights
- Produced 197,628 oz of gold in Q1 2026.
- Repaid $988.6 million of debt.
- Declared inaugural quarterly dividend of $0.015 per share.
- Net income was $310.1 million ($0.39 per share).
- Revenue from Continuing Operations reached $861.6 million.
- Cash costs were $1,633/oz and AISC $1,950/oz.
- Net debt reduced to $77 million at April 30, 2026.