Equinox Gold
Primary tickers: TSX:EQX,NYSE-A:EQX
Stage of development: Production
Primary minerals: Gold
Project to promote: Greenstone Mine, Mesquite Mine, Castle Mountain Project, Los Filos Mine, Aurizona Mine, Fazenda Mine, Santa Luz Mine, RDM Mine
Project location: Canada, USA, Mexico, Brazil
Website: www.equinoxgold.com
Equinox Gold (TSX/NYSE-A: EQX) is a growth-focused gold producer operating entirely in the Americas. We expect to produce approximately 700,000 oz of gold in 2025 from our mines in Canada, the USA and Brazil. We have also announced plans to merge with Calibre Mining (TSX: CXB) which would give us another large, low-cost mine in Canada and some other producing mines in the Americas, putting us on the path to produce more than 1.2 Moz in 2026 and making us the second largest producer of gold from Canada.
Cash: USD$240M
Debt: USD$1.1B
Major shareholders:
Orion Mine Finance – 9%
Van Eck Associates – 8.2%
Donald Smith – 5.9%
Ross Beaty – 5.8%
Kopernik Global Investors – 2.9%
Management ownership – 6.10%
Financials
Management Profile
Rhylin Bailie, Vice President of Investor Relations
Rhylin Bailie has been the Vice President of Investor Relations for Equinox Gold since October 2016, bringing 30 years of mining industry experience and nearly 20 years of investor relations experience to her role, including roles in Treasury at Placer Dome and investor relations at NovaGold. Rhylin is a graduate of the University of Waterloo with a Bachelor of Environmental Studies degree and was a director on the national board of the Canadian Investor Relations Institute from 2014-2022. In 2023 Rhylin was awarded the CIRI Fellowship designation, which recognizes investor relations leaders who bring distinction to the profession and serve as a role model for others.
What is your rationale for taking part in 121 Mining Investment?
Just spreading the word, hoping to meet new investors, family office, boutique funds
What recent news would you like to highlight to investors attending?
February 23, 2025: Equinox Gold and Calibre Mining Combine to Crease a Major Americas-Focused Gold Producer
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete the merger with Calibre Mining
6 Months:
Finish construction and achieve production at the new Valentine Mine in Newfoundland, Canada; ramp up our Greenstone Mine in Ontario, Canada to capacity
12 Months:
Realize the benefits anticipated in the merger with Calibre Mining
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Ramping up large mines takes time
What do you think makes your company such a compelling investment?
Equinox Gold has one of the strongest growth profiles in the industry, with the potential to more than double production in the next five years through organic growth
What are the top 3 key investor takeaways?
Completing the merger with Calibre will make Equinox Gold the second largest producer of gold from Canada, and Canadian producers tend to trade at a premium. Equinox Gold will be a diversified gold producer, with operating mines in five countries in the Americas. With the Calibre merger complete and with both Valentine and Greenstone ramped up to capacity, Equinox Gold will be producing more than 1.2 Moz of gold per year at record high gold prices, creating exceptional free cash flow.