EQX on NYSE
Equinox Gold Corp.
Canadian Gold and Silver Ores company based in Vancouver, active since 2007.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Eldorado Gold, Alamos Gold or Yamana Gold, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
35.4%Gross margin2
23.8%Operating margin2
12.2%Net margin2
99.1%Revenue growth, 20252
3.8%Return on equity2
0.24×Debt to equity2
$126.0MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Metal brought in 62% of the revenue Equinox Gold Corp. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Metal | $881.5M | $1.7B |
| NI | $491.6M | |
| Mesquite | $173.2M | $286.9M |
| Los Filos [member] | $412.2M | $109.4M |
| Valentine | $80.5M | |
| Pan | $41.5M | |
| Castle Mountain | $49.0M | $29.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue65¢$1.2B
- Other costs5¢$91.9M
- Interest10¢$179.3M
- Income tax8¢$150.2M
- Profit12¢$221.5M
Out of $1.8B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Capital spending85¢$692.3M
- Kept or used elsewhere15¢$126.0M
Out of $818.3M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $1.8B | $912.8M |
| Other operating expenses | -$834.6M | -$596.9M |
| Depreciation and depletion | -$339.7M | -$109.8M |
| Operating expense | -$1.2B | -$706.7M |
| Income from mine operations | $642.9M | $206.1M |
| Care and maintenance expense | -$95.0M | -$580.0K |
| Exploration and evaluation expense | -$10.9M | -$1.6M |
| General and administration expense | -$104.7M | -$52.2M |
| Income from operations | $432.3M | $151.7M |
| Finance expense | -$179.3M | -$91.3M |
| Finance income | $10.9M | $7.1M |
| Other (expense) income | -$132.6M | $465.8M |
| Income before income taxes from continuing operations | $131.4M | $533.3M |
| Income tax expense | -$150.2M | -$273.0M |
| Net (loss) income from continuing operations | -$18.9M | $260.3M |
| Net income from discontinued operations | $240.3M | $79.0M |
| Net income | $221.5M | $339.3M |
| Basic (in dollars per share) | 0.35 CAD | 0.85 CAD |
| Diluted (in dollars per share) | 0.35 CAD | 0.75 CAD |
| Basic (in dollars per share) from continuing operations | -$0.03 | $0.65 |
| Diluted (in dollars per share) from continuing operations | -0.03 CAD | 0.59 CAD |
| Basic (in shares) | 630.3M shares | 400.1M shares |
| Diluted (in shares) | 630.3M shares | 473.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $407.4M | $239.3M | |
| Marketable securities | $162.7M | $6.1M | $92.7M |
| Trade and other receivables | $65.5M | $70.0M | |
| Inventories | $369.8M | $417.5M | |
| Prepaid expenses | $26.4M | $44.5M | |
| Other current assets | $10.6M | $6.5M | |
| Assets held for sale | $928.3M | $0 | |
| Current assets | $2.0B | $784.1M | |
| Restricted cash | $7.6M | $12.2M | |
| Inventories | $368.1M | $277.1M | |
| Mineral properties, plant and equipment | $7.9B | $5.6B | |
| Deferred income tax assets | $0 | $2.3M | |
| Other assets | $278.8M | $73.1M | |
| Total assets | $10.5B | $6.7B | |
| Accounts payable and accrued liabilities | $302.4M | $258.3M | |
| Income taxes payable | $153.1M | $10.1M | |
| Current portion of loans and borrowings | $181.3M | $135.6M | |
| Current portion of deferred revenue | $127.6M | $116.3M | |
| Current portion of derivative liabilities | $184.2M | $116.6M | |
| Other current liabilities | $82.7M | $52.2M | |
| Liabilities relating to assets held for sale | $230.7M | $0 | |
| Current liabilities | $1.3B | $689.1M | |
| Loans and borrowings | $1.4B | $1.2B | |
| Deferred revenue | $165.1M | $266.7M | |
| Derivative liabilities | $46.7M | $46.4M | |
| Reclamation and closure cost provisions | $229.8M | $130.2M | |
| Deferred income tax liabilities | $1.4B | $800.0M | |
| Other non-current liabilities | $251.3M | $171.5M | |
| Total liabilities | $4.7B | $3.3B | |
| Common shares | $4.9B | $2.8B | |
| Reserves | $93.1M | $74.1M | |
| Accumulated other comprehensive income (loss) | $7.5M | -$89.0M | |
| Retained earnings | $820.0M | $613.7M | |
| Total equity | $5.8B | $3.4B | $2.4B |
| Total liabilities and equity | $10.5B | $6.7B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $407.4M | $239.3M | |
| Marketable securities | $162.7M | $6.1M | $92.7M |
| Trade and other receivables | $65.5M | $70.0M | |
| Inventories | $369.8M | $417.5M | |
| Prepaid expenses | $26.4M | $44.5M | |
| Other current assets | $10.6M | $6.5M | |
| Assets held for sale | $928.3M | $0 | |
| Current assets | $2.0B | $784.1M | |
| Restricted cash | $7.6M | $12.2M | |
| Inventories | $368.1M | $277.1M | |
| Mineral properties, plant and equipment | $7.9B | $5.6B | |
| Deferred income tax assets | $0 | $2.3M | |
| Other assets | $278.8M | $73.1M | |
| Total assets | $10.5B | $6.7B | |
| Accounts payable and accrued liabilities | $302.4M | $258.3M | |
| Income taxes payable | $153.1M | $10.1M | |
| Current portion of loans and borrowings | $181.3M | $135.6M | |
| Current portion of deferred revenue | $127.6M | $116.3M | |
| Current portion of derivative liabilities | $184.2M | $116.6M | |
| Other current liabilities | $82.7M | $52.2M | |
| Liabilities relating to assets held for sale | $230.7M | $0 | |
| Current liabilities | $1.3B | $689.1M | |
| Loans and borrowings | $1.4B | $1.2B | |
| Deferred revenue | $165.1M | $266.7M | |
| Derivative liabilities | $46.7M | $46.4M | |
| Reclamation and closure cost provisions | $229.8M | $130.2M | |
| Deferred income tax liabilities | $1.4B | $800.0M | |
| Other non-current liabilities | $251.3M | $171.5M | |
| Total liabilities | $4.7B | $3.3B | |
| Common shares | $4.9B | $2.8B | |
| Reserves | $93.1M | $74.1M | |
| Accumulated other comprehensive income (loss) | $7.5M | -$89.0M | |
| Retained earnings | $820.0M | $613.7M | |
| Total equity | $5.8B | $3.4B | $2.4B |
| Total liabilities and equity | $10.5B | $6.7B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income for the year | $221.5M | $339.3M |
| Depreciation and depletion | $517.5M | $222.6M |
| Finance expense | $185.7M | $95.4M |
| Amortization of deferred revenue | -$158.1M | -$14.3M |
| Change in fair value of derivatives | $114.0M | $123.3M |
| Settlements of derivatives | -$85.1M | -$13.9M |
| Unrealized foreign exchange loss (gain) | $21.1M | -$21.4M |
| Gain on remeasurement of previously held interest in the Greenstone Mine | $0 | -$579.8M |
| Income tax expense | $191.1M | $290.8M |
| Income taxes paid | -$129.2M | -$19.6M |
| Other | $36.6M | $7.9M |
| Operating cash flow before changes in non-cash working capital | $915.1M | $430.2M |
| Changes in non-cash working capital | -$96.8M | -$58.0M |
| Cash provided by (used in) operating activities | $818.3M | $372.2M |
| Expenditures on mineral properties, plant and equipment | -$692.3M | -$412.1M |
| Cash acquired on acquisition of Calibre Mining Corp. | $193.1M | $0 |
| Investment in Calibre Mining Corp. | -$40.0M | $0 |
| Net proceeds on disposal of assets | $83.2M | $0 |
| Proceeds from dispositions of marketable securities | $3.0M | $48.2M |
| Acquisition of Greenstone Mine | $0 | -$744.1M |
| Other | -$5.7M | -$3.7M |
| Cash provided by (used in) investing activities | -$458.7M | -$1.1B |
| Drawdowns on credit facility | $85.0M | $560.0M |
| Repayments of loans and borrowings | -$81.5M | $0 |
| Proceeds from other financing arrangements | $21.6M | $57.3M |
| Repayments of other financing arrangements | -$24.9M | -$7.3M |
| Interest paid | -$132.6M | -$112.6M |
| Lease payments | -$39.9M | -$29.5M |
| Net proceeds from shares issued in public offerings | $0 | $335.6M |
| Transaction costs and other | $313.0K | -$11.0M |
| Cash provided by (used in) financing activities | -$171.9M | $792.5M |
| Effect of foreign exchange on cash and cash equivalents | $2.9M | -$5.6M |
| Increase in cash and cash equivalents | $190.7M | $47.3M |
No quarter-by-quarter statement was filed.
Timeline
- Mar 23, 2007Founded Equinox Gold Corp. is founded10
Filings
256 filings to the SEC since October 2021: 5 annual reports, 24 large holders, 227 other. The latest 20:
- Oct 13, 20266-K EDGAR
- Sep 29, 20266-K EDGAR
- Sep 21, 20266-K EDGAR
- Aug 25, 2026SCHEDULE 13G EDGAR
- Aug 17, 20266-K EDGAR
- Aug 6, 2026S-8 EDGAR
- Aug 6, 20266-K EDGAR
- Aug 5, 20266-K EDGAR
- Aug 5, 20266-K EDGAR
- Aug 5, 20266-K EDGAR
- Jul 31, 20266-K EDGAR
- Jul 28, 2026SCHEDULE 13G EDGAR
- Jul 23, 20266-K EDGAR
- Jul 22, 20266-K EDGAR
- Jul 10, 20266-K EDGAR
- Jul 9, 20266-K EDGAR
- Jul 7, 20266-K EDGAR
- Jun 25, 20266-K EDGAR
- Jun 24, 20266-K EDGAR
- Jun 24, 20266-K EDGAR
The 256 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 24 such filings since October 2021, the latest 10:
- Aug 25, 2026SCHEDULE 13G
- Jul 28, 2026SCHEDULE 13G
- Feb 13, 2026SCHEDULE 13G/A
- Jan 15, 2026SCHEDULE 13D/A
- Nov 12, 2025SCHEDULE 13G/A
- Nov 12, 2025SCHEDULE 13G
- Aug 14, 2025SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G/A
- Aug 13, 2025SCHEDULE 13G
- May 15, 2025SCHEDULE 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Van Eck Associates Corp | 87,435,651 | $849.9M | 0.5% | +2,355,044 |
| L1 Capital Pty Ltd | 27,055,865 | $263.0M | 8.8% | +2,724,700 |
| Franklin Resources Inc | 24,228,961 | $235.7M | 0.1% | +3,745,204 |
| Vanguard Capital Management LLC | 21,005,125 | $204.7M | 0.0% | +641,259 |
| Maple Rock Capital Partners Inc. | 17,531,248 | $170.4M | 3.3% | −1,893,400 |
| Boston Partners | 11,657,519 | $153.6M | 0.1% | +1,293,068 |
| Invesco Ltd. | 10,649,748 | $103.5M | 0.0% | +1,370,150 |
| Norges Bank | 10,546,728 | $102.7M | 0.0% | New |
| Sprott Inc. | 9,086,538 | $88.4M | 3.0% | −418,898 |
| Deutsche Bank Ag\ | 8,537,176 | $83.0M | 0.0% | +2,602,991 |
| Bank Of Montreal /can/ | 8,095,172 | $78.8M | 0.0% | −580,023 |
| Dimensional Fund Advisors LP | 7,866,001 | $76.5M | 0.0% | +2,001,183 |
| Geode Capital Management, LLC | 7,844,696 | $76.2M | 0.0% | +7,294,694 |
| Vanguard Fiduciary Trust Co | 6,684,792 | $65.1M | 0.0% | +181,484 |
| Two Sigma Investments, LP | 6,176,988 | $60.0M | 0.0% | +2,679,352 |
| FIL Ltd | 6,094,102 | $59.4M | 0.0% | −25,178,678 |
| Mackenzie Financial Corp | 4,160,491 | $57.5M | 0.1% | −113,321 |
| Evergreen Quality Fund GP, Ltd. | 5,475,600 | $53.2M | 0.9% | −7,160,244 |
| Amundi | 5,307,103 | $51.6M | 0.0% | +1,067,139 |
| Merk Investments LLC | 4,900,000 | $47.7M | 15.2% | No change |
| Ruffer LLP | 4,736,428 | $46.0M | 1.6% | +609,593 |
| Renaissance Technologies LLC | 4,394,300 | $42.7M | 0.1% | +3,483,531 |
| Massachusetts Financial Services Co /ma/ | 3,043,997 | $42.1M | 0.0% | −374,485 |
| Manufacturers Life Insurance Company, The | 4,145,083 | $40.2M | 0.0% | −1,478,378 |
| Legal & General Group Plc | 4,046,883 | $39.4M | 0.0% | +1,528,025 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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