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Equinox Gold Reports Q3 Results; Transformational Combination Begins to Deliver

EQX
  • Equinox Gold reported record Q3 2026 revenue of $1.0 billion with 248,484 ounces of gold sold at an average price of $4,157 per ounce.
  • Total gold production reached 237,019 ounces, including two months of attributable output from Musselwhite and Camino Rojo following the Orla Mining acquisition.
  • Cash costs per ounce sold were $1,654 (down 9% from Q2) while all-in sustaining costs (AISC) were $2,091 per ounce (down 4% from Q2).
  • Adjusted EBITDA totaled $533.0 million, a 49% increase compared to Q2 2026, driven by operational improvements and new asset contributions.
  • Net income for the quarter was $62.5 million ($0.06 per share), while adjusted net income reached $199.3 million ($0.19 per share).
  • The company maintains guidance of 870,000 to 920,000 ounces for annual production and AISC between $1,900 and $2,000 per ounce.
  • Jason Simpson assumed the role of President and CEO on November 1, 2026, succeeding Darren Hall who retired on October 31, 2026.
  • Shareholder returns included $9.0 million in share repurchases and $26.3 million in cash dividends during the quarter.
  • Unrestricted cash and cash equivalents stood at $527.9 million with total liquidity of $1.2 billion as of quarter end.
  • Construction activities commenced at the South Railroad project in Nevada following the receipt of the Federal Record of Decision in August 2026.
  • The Valentine Phase 2 expansion received board approval with a $436 million capital budget, targeting completion in late 2028.
  • Musselwhite produced 63,090 ounces total for the quarter, exceeding expectations due to higher tonnage processed.
  • Valentine mine achieved September throughput 26% above nameplate capacity, supported by a 16% increase in mill feed grade.
  • The Company repaid $1.3 billion in total debt during the first nine months of 2026, including the redemption of 2023 convertible notes.
  • A corporate reorganization involving the amalgamation of Equinox Gold with certain subsidiaries is scheduled for completion around January 1, 2027.
Company
Equinox Gold Corp.
Keywords
Toronto Stock Exchange:EQX, Equinox Gold Corp., EQX, Equinox Gold, Q3 2026, Q3, Financials, Q3 Financials, gold, gold mining, gold producer, Ross Beaty, Jason Simpson