Equinox Gold Achieved Record Q3 2025 Output with $819 Million in Revenue
Mining News | 2025-11-06 10:55:58
Equinox Gold strengthened its balance sheet by reducing debt by $139 million and adding $88 million in cash from the sale of Nevada assets.
By Paul Ploumis
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.
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What do you think was the most significant factor behind Equinox Gold’s strong Q3 2025 performance?
Frequently Asked Questions
- How much gold did Equinox Gold produce in the third quarter of 2025?
Equinox Gold produced 236,382 ounces of gold in Q3 2025, with major contributions from its Greenstone, Nicaragua, and Brazil operations.
- What were the company’s financial highlights for the quarter?
The company posted $819 million in revenue, $280.1 million in income from mine operations, and a net income of $85.6 million ($0.11 per share). Adjusted net income was $147.4 million ($0.19 per share).
- How did Equinox Gold strengthen its financial position?
During Q3 2025, Equinox Gold reduced debt by $139 million and added $88 million in cash from the sale of Nevada assets, bringing its net debt to $1.28 billion as of September 30, 2025.
