NYSE$EQX

Equinox Gold Corp · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Equinox Gold reported strong Q2 2026 results with record revenue and production of 176,836 ounces of gold.

Equinox Gold Corp delivered robust financial and operating performance in Q2 2026, generating $769.8 million in revenue and $230.6 million in net income. Gold production reached 176,836 ounces across its operations, with strong contributions from Canadian assets. The company also completed its merger with Orla Mining post-quarter and raised its dividend by 50%.

  • Produced 176,836 oz gold and sold 177,959 oz at average realized price of $4,256/oz.
  • Revenue of $769.8 million, adjusted EBITDA of $358.3 million, and net income of $230.6 million ($0.29 basic EPS).
  • Cash costs $1,816/oz and AISC $2,175/oz; strong mine-site free cash flow of $223.7 million.
  • Post-quarter Orla merger completed, 2026 production guidance raised, and quarterly dividend increased 50% to $0.0225/share.

Headline financials

Total Revenue

$770M

No prior period
EPS (adj)

$0.16

No prior period
Gold Produced

176.8K

No prior period
Gold Sold

178.0K

No prior period
Avg Realized Gold Price

$4.26K

No prior period
AISC per oz

$2.18K

No prior period
Adjusted EBITDA

$358M

No prior period
Net Income

$231M

No prior period
Operating Income

$247M

No prior period
Gross Profit

$302M

No prior period

Revenue & EPS history

Equinox Gold · Revenue · Quarterly

$770M

Q2 2026
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

Updated 2026 consolidated guidance post-Orla merger reflects 870,000-920,000 oz gold production at cash costs $1,600-$1,700/oz and AISC $1,900-$2,000/oz.

Tailwinds

  • Increased production guidance following Orla merger
  • Strong Canadian operations ramp-up expected in H2
  • 50% dividend increase approved

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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