Equinox reports gold production during “transformational” quarter - Elko Daily Free Press

AI desk brief

Equinox Gold reported Q3 companywide gold production of 237,019 oz after closing its Orla Mining acquisition and said it remains on track to meet upgraded 2024 guidance of 622,000-688,000 oz. The company said its Canadian and Mexican operations delivered stronger output, while South Railroad in Nevada and Los Filos were highlighted as key growth/optionalities going forward.

Equinox also reduced debt by $170 million in the quarter, generated $145 million of operating cash flow and ended Q3 with $166 million of cash and a $145 million net cash position. It repurchased 567,000 shares for $3 million and said it expects to continue buybacks in Q4, with additional financial results due Nov. 8.