NYSE$EQX
Equinox Gold Corp · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Equinox Gold Q2 net income $23.8M on 150,849 oz production; closes Calibre acquisition expanding Americas portfolio
Equinox Gold reported Q2 2025 results for the three months ended June 30, 2025, producing 150,849 ounces of gold and generating revenue of $478.6 million. Net income was $23.8 million ($0.05 per share basic) with adjusted net income of $56.7 million ($0.11 per share). Income from mine operations was $159.8 million. Cash costs were $1,478/oz and AISC $1,959/oz on 148,938 ounces sold at an average realized price of $3,207/oz. On June 17, 2025 the company completed the Calibre Mining acquisition, adding Nicaragua operations and the Valentine development project. Cash and equivalents totaled $406.7 million at quarter end with updated 2025 production guidance of 785,000-915,000 ounces.
- Produced 150,849 oz gold in Q2; sold 148,938 oz at $3,207/oz average realized price
- Revenue $478.6M; net income $23.8M (EPS $0.05); adjusted net income $56.7M (EPS $0.11)
- Cash costs $1,478/oz and AISC $1,959/oz; income from mine operations $159.8M
- Completed Calibre acquisition on June 17, adding Nicaragua mines and Valentine project
- Cash $406.7M at June 30; updated 2025 guidance 785,000-915,000 oz at $1,400-$1,500/oz cash costs
Headline financials
Revenue & EPS history
Equinox Gold · Revenue · Quarterly
$479M
Forward guidance
Updated 2025 guidance: 785,000-915,000 oz gold production with cash costs $1,400-$1,500/oz and AISC $1,800-$1,900/oz, reflecting Calibre acquisition and Greenstone ramp-up
Tailwinds
- Calibre acquisition expands portfolio with Nicaragua operations and Valentine project
- Valentine expected to pour first gold by end of Q3 2025
- Strong gold price environment with $3,207/oz average realized in Q2
Headwinds
- Los Filos indefinitely suspended from April 1, 2025
- Castle Mountain in care and maintenance during expansion permitting
- Net debt of $1,373.7M at quarter end
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-2.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+3.9%
Avg return
30 days after
36%
10 / 28 earnings
Positive
+11.1%
Q4 2019
Best reaction
-21.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2025 | +8.4% | +18.5% | -23.4% | |
| Q3 2025 | +7.6% | +17.0% | +31.3% | |
| Q1 2025 | -9.3% | -11.0% | +0.6% | |
| Q4 2024 | +2.3% | -2.9% | -2.3% | |
| Q3 2024 | -2.8% | -3.0% | -5.3% | |
| Q2 2024 | -7.9% | +5.7% | +7.0% | |
| Q1 2024 | -5.6% | -6.1% | -8.2% | |
| Q4 2023 | -1.2% | -4.3% | +28.4% | |
| Q3 2023 | +0.9% | +8.7% | +22.0% | |
| Q2 2023 | -0.8% | -1.8% | -1.0% | |
| Q4 2022 | -1.4% | -6.8% | +26.8% | |
| Q3 2022 | -21.2% | -5.0% | +19.9% | |
| Q2 2022 | -3.2% | -6.1% | -22.7% | |
| Q1 2022 | -12.7% | -18.0% | -10.2% | |
| Q4 2021 | +3.6% | +14.8% | +31.0% | |
| Q3 2021 | +0.9% | +5.8% | -9.2% | |
| Q2 2021 | -7.0% | -12.2% | +7.2% | |
| Q1 2021 | +5.2% | +8.4% | +10.9% | |
| Q4 2020 | -3.4% | -2.5% | +1.5% | |
| Q3 2020 | -13.6% | -9.5% | -12.3% | |
| Q2 2020 | -4.9% | -0.2% | -3.7% | |
| Q1 2020 | +0.8% | +7.8% | +18.4% | |
| Q4 2019 | +11.1% | +19.9% | -4.1% | |
| Q3 2019 | -0.9% | +4.8% | +22.2% | |
| Q2 2019 | -0.9% | -1.2% | -10.0% | |
| Q1 2019 | +1.4% | -1.9% | -13.6% | |
| Q4 2018 | -1.2% | — | — | |
| Q3 2018 | -1.1% | — | — | |
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