Equinox Gold Delivered Highest Q1 Gold Production in History

SEATTLE (Scrap Monster): Equinox Gold announced financial and operating results for the first quarter of 2025.

A news statement from the company stated that 145,290 ounces of gold were produced. The company's first-quarter gold production has never been higher. The company expects production to increase each quarter through the year. Equinox Gold reported selling 147,920 ounces of gold overall, with an average realized price of $2,858 per ounce. For the quarter, the all-in sustaining cost (AISC) was $2,065 per ounce, while the total cash cost was $1,769 per ounce.

During the quarter, the company did not record any noteworthy environmental issues. For the quarter, the total recordable injury frequency rate (TRIFR) was 1.07.

During the quarter, mine operations generated $33.7 million in revenue. During the quarter, the firm reported a net loss of $75.5 million, or $0.17 per basic share. Additionally, it reported an adjusted EBITDA of $137.9 million and an adjusted net loss of $36.6 million, or $0.08 per share. According to the press release, the company's net debt at the conclusion of the quarter was $1,220 million.

Equinox Gold's president and CEO, Greg Smith, stated that the company anticipates concluding its impending merger with Calibre Mining in the second quarter of this year.

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