Equinox Gold Achieved Record Q3 2025 Output with $819 Million in Revenue
Equinox Gold strengthened its balance sheet by reducing debt by $139 million and adding $88 million in cash from the sale of Nevada assets.
SEATTLE (Scrap Monster): Equinox Gold Corporation has reported strong financial and operational results for the third quarter of 2025, achieving record gold production and solid earnings despite ongoing market challenges.
During the quarter, the company produced 236,382 ounces of gold, marking another milestone in its growth trajectory. Production contributions included 56,029 ounces from Greenstone, 71,119 ounces from Nicaragua, 67,629 ounces from Brazil, 27,642 ounces from Mesquite, 10,797 ounces from Pan, 2,557 ounces from Castle Mountain, and 609 ounces from Valentine. Year-to-date consolidated gold output—excluding production from Los Filos, Castle Mountain, and Valentine—stood at 634,427 ounces.
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Equinox Gold sold 239,311 ounces of gold during the quarter at an average realized price of $3,397 per ounce, generating total revenue of $819 million. Income from mine operations came in at $280.1 million, while net income reached $85.6 million, or $0.11 per share. On an adjusted basis, the company posted a net income of $147.4 million, equivalent to $0.19 per share.
The company continued to strengthen its financial position by reducing debt by $139 million and adding $88 million in cash from the sale of its Nevada assets. As of September 30, 2025, Equinox Gold’s net debt stood at $1.28 billion.
Commenting on the results, Darren Hall, CEO of Equinox Gold, said the company delivered another solid quarter with record output and remains on track to achieve the midpoint of its full-year 2025 production guidance. Hall added that Equinox Gold expects a strong finish to the year as operations continue to perform in line with expectations.