Equinox Gold Corp
EQX · NYSE-A · producer · market cap $16.1B as of 24 Aug 2026
What Equinox Gold Corp's own filings say about its costs, margins and results, every figure cited.
Equinox Gold Corp share price
- Latest AISC$2,175/ozRank 26 of 35release
- Margin at today's spot
- Gold produced, attributable176,836source
- EV per oz of P&P reserves
- Next report4 Novprior report
Today's spot price minus the latest reported mining cost. Reporting periods vary. This is an illustrative spread, not reported profit. Methodology
Company-reported data · Fixed cohorts · No estimated costs
How to read these figures
- Primary sources: every figure is the company's own, cited to the release or filing it came from.
- Fixed cohorts: the companies in each median are set for the calendar year, so a median never moves because membership moved.
- No modelled costs: no cost or margin here is estimated by us; where a company states no figure, the page says so.
About Equinox Gold Corp
Equinox Gold Corp (EQX) is a gold producer with a portfolio of mines in Canada, the United States, Mexico and Nicaragua. Its principal product is gold doré. In its first eight years, the company grew from a single-asset developer to a multi-asset gold producer. On June 17, 2025, Equinox Gold completed the Calibre Transaction, which added Pan and earlier stage projects in the United States, Limon and Libertad in Nicaragua and Valentine in Canada. At the filing date, it held six properties at 100%: the producing Greenstone Gold Mine in Ontario, Valentine Gold Mine in Newfoundland and Labrador, Mesquite Gold Mine in California and Nicaragua Operations, the residual-leaching Castle Mountain Project in California and the suspended Los Filos Mine Complex in Guerrero State, Mexico. Greenstone produced 223,843 ounces of gold in 2025 and Mesquite produced 85,998 ounces. The Nicaragua Operations produced 133,003 ounces of gold during Equinox Gold's ownership from June 17 to December 31, 2025. Following the Brazil Sale Transaction, Equinox Gold's consolidated Proven and Probable Mineral Reserves were estimated at 19.0 million ounces of gold. At year end, Equinox Gold had 5,219 employees and 7,944 contractors.
Costs and margins
- Price, quarter average
- $4,512/toz
- AISC
- $2,175/oz
- Margin
- $2,337/oz
- Margin, % of price
- 51.8%
Latest AISC $2,175 per troy ounce. Gold miners: median AISC $1,926 per troy ounce, Q2 2026, 35 reporters. 26 lowest of 35 gold miners reporting Q2 2026.
| Category | Gold price (quarterly average) | All-in sustaining cost (AISC) |
|---|---|---|
| Q3 2025 | $3,459 | $1,833 |
| Q4 2025 | $4,152 | $1,907 |
| Q1 2026 | $4,876 | $1,950 |
| Q2 2026 | $4,512 | $2,175 |
| Category | Gold price (quarterly average) | All-in sustaining cost (AISC) |
|---|---|---|
| Q2 2023 | $1,978 | $1,502 |
| $1,929 | $1,630 | |
| Q4 2023 | $1,976 | $1,657 |
| $2,336 | $2,041 | |
| Q3 2024 | $2,480 | $1,994 |
| $2,663 | $1,652 | |
| Q1 2025 | $2,863 | $2,065 |
| $3,293 | $1,959 | |
| Q3 2025 | $3,459 | $1,833 |
| $4,152 | $1,907 | |
| $4,876 | $1,950 | |
| Q2 2026 | $4,512 | $2,175 |
| Category | Gold price (quarterly average) | All-in sustaining cost (AISC) |
|---|---|---|
| Q2 2021 | $1,815 | $1,382 |
| $1,789 | $1,327 | |
| $1,796 | $1,266 | |
| Q1 2022 | $1,873 | $1,578 |
| $1,874 | $1,657 | |
| $1,726 | $1,749 | |
| Q4 2022 | $1,729 | $1,523 |
| $1,888 | $1,658 | |
| $1,978 | $1,502 | |
| Q3 2023 | $1,929 | $1,630 |
| $1,976 | $1,657 | |
| $2,336 | $2,041 | |
| Q3 2024 | $2,480 | $1,994 |
| $2,663 | $1,652 | |
| $2,863 | $2,065 | |
| Q2 2025 | $3,293 | $1,959 |
| $3,459 | $1,833 | |
| $4,152 | $1,907 | |
| $4,876 | $1,950 | |
| Q2 2026 | $4,512 | $2,175 |
| Category | Gold price (quarterly average) | All-in sustaining cost (AISC) |
|---|---|---|
| Q3 2019 | $1,475 | $953 |
| $1,482 | $848 | |
| $1,583 | $968 | |
| $1,710 | $900 | |
| Q3 2020 | $1,912 | $1,035 |
| $1,875 | $1,093 | |
| $1,798 | $1,482 | |
| $1,815 | $1,382 | |
| Q3 2021 | $1,789 | $1,327 |
| $1,796 | $1,266 | |
| $1,873 | $1,578 | |
| $1,874 | $1,657 | |
| Q3 2022 | $1,726 | $1,749 |
| $1,729 | $1,523 | |
| $1,888 | $1,658 | |
| $1,978 | $1,502 | |
| Q3 2023 | $1,929 | $1,630 |
| $1,976 | $1,657 | |
| $2,336 | $2,041 | |
| $2,480 | $1,994 | |
| Q4 2024 | $2,663 | $1,652 |
| $2,863 | $2,065 | |
| $3,293 | $1,959 | |
| $3,459 | $1,833 | |
| $4,152 | $1,907 | |
| $4,876 | $1,950 | |
| Q2 2026 | $4,512 | $2,175 |
All-in sustaining cost (AISC) and the average gold price by quarter, newest first, US$ per ounce; every row cites the company's own release.
| Quarter | Price avg | AISC | Margin | Margin % | Source |
|---|---|---|---|---|---|
| Q2 2026 | $4,512 | $2,175 | $2,337 | 51.8% | release |
| Q1 2026 | $4,876 | $1,950 | $2,926 | 60.0% | release |
| Q4 2025 | $4,152 | $1,907 | $2,245 | 54.1% | release |
| Q3 2025 | $3,459 | $1,833 | $1,626 | 47.0% | release |
| Q2 2025 | $3,293 | $1,959 | $1,334 | 40.5% | release |
| Q1 2025 | $2,863 | $2,065 | $798 | 27.9% | release |
| Q4 2024 | $2,663 | $1,652 | $1,011 | 38.0% | release |
| Q3 2024 | $2,480 | $1,994 | $486 | 19.6% | release |
| Q2 2024 | $2,336 | $2,041 | $295 | 12.6% | release |
| Q4 2023 | $1,976 | $1,657 | $319 | 16.1% | release |
| Q3 2023 | $1,929 | $1,630 | $299 | 15.5% | release |
| Q2 2023 | $1,978 | $1,502 | $476 | 24.1% | release |
| Q1 2023 | $1,888 | $1,658 | $230 | 12.2% | release |
| Q4 2022 | $1,729 | $1,523 | $206 | 11.9% | release |
| Q3 2022 | $1,726 | $1,749 | -$23 | -1.3% | release |
| Q2 2022 | $1,874 | $1,657 | $217 | 11.6% | release |
| Q1 2022 | $1,873 | $1,578 | $295 | 15.8% | release |
| Q4 2021 | $1,796 | $1,266 | $530 | 29.5% | release |
| Q3 2021 | $1,789 | $1,327 | $462 | 25.8% | release |
| Q2 2021 | $1,815 | $1,382 | $433 | 23.9% | release |
| Q1 2021 | $1,798 | $1,482 | $316 | 17.6% | release |
| Q4 2020 | $1,875 | $1,093 | $782 | 41.7% | release |
| Q3 2020 | $1,912 | $1,035 | $877 | 45.9% | release |
| Q2 2020 | $1,710 | $900 | $810 | 47.4% | release |
| Q1 2020 | $1,583 | $968 | $615 | 38.8% | release |
| Q4 2019 | $1,482 | $848 | $634 | 42.8% | release |
| Q3 2019 | $1,475 | $953 | $522 | 35.4% | release |
Its panel on the Miner Margins page carries the cohort it sits in and the basis notes.
Production and guidance
Q2 2026, as reported
- Gold produced, attributable
- 176,836 oz
- Prior-quarter gold production
- 197,628 oz
- Year-ago gold production
- 150,849 oz
More ways to compare Equinox Gold Corp
- Reported AISC
- Rank 26 of 35View comparable rankings
- Proven and probable gold reserves
- Rank 7 of 13View comparable rankings
Equinox Gold's mines and operations
Mine-by-mine operating data will be added as company filings are reviewed.
Financials, as filed
Key financials
- Revenue
- $1.8B
- Net income
- $221.5M
- Operating cash flow
- $818.3M
- Capital expenditure
- $692.3M
- Cash and equivalents
- $430.0M
- Debt
- $1.6B
- EPS (diluted)
- $0.35
Rounded from the figures as filed; the exact figures, concepts and filings are below.
Figures as filed, with concept, provenance and filing
| Measure | Period | Value | Provenance | Filing |
|---|---|---|---|---|
| Revenue ifrs-full:Revenue | FY 2025 | $1,817,195,000 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| Net income ifrs-full:ProfitLoss | FY 2025 | $221,471,000 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| EPS (basic) ifrs-full:BasicEarningsLossPerShare | FY 2025 | $0.35 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| EPS (diluted) ifrs-full:DilutedEarningsLossPerShare | FY 2025 | $0.35 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| Operating cash flow ifrs-full:CashFlowsFromUsedInOperatingActivities | FY 2025 | $818,345,000 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| Capital expenditure ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities | FY 2025 | $692,346,000 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| Cash and equivalents ifrs-full:CashAndCashEquivalents | FY 2025 | $430,004,000 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| Debt ifrs-full:Borrowings | FY 2025 | $1,554,680,000 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
| Shares outstanding dei:EntityCommonStockSharesOutstanding | FY 2025 | 785,632,450 | SEC XBRL, as filed | 40-F · 31 Mar 2026 |
Annual figures only: this company files no quarterly XBRL with the SEC.
Seven-year statement history
Each fiscal year as the company first filed it with the SEC, in the currency it filed, never converted.
| Statement line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | not available | $1,514,120,000, restated in a later filing | $1,088,191,000 | $952,196,000 | $1,082,286,000 | $842,507,000, restated in a later filing | $281,697,000 |
| Operating income | not available | not available | not available | not available | not available | not available | not available |
| Net income | not available | not available | not available | not available | not available | $20,720,000 | -$18,360,000 |
| Operating cash flow | not available | $372,184,000 | $358,463,000 | $56,473,000 | $320,778,000 | $216,513,000, restated in a later filing | $59,722,000 |
| Capital expenditure | not available | $412,073,000 | $523,298,000 | $557,074,000 | $344,224,000 | $172,902,000, restated in a later filing | $97,577,000 |
| Cash and equivalents | not available | $239,329,000 | $191,995,000 | $200,769,000 | $305,498,000, restated in a later filing | $344,926,000 | $67,716,000 |
| Debt | not available | $1,347,831,000 | $924,980,000 | $828,024,000 | $540,682,000 | $545,241,000 | $264,049,000 |
| Dividend per share | not available | not available | not available | not available | not available | not available | not available |
| Source | not available | 40-F · 19 Mar 2025 | 40-F · 23 Feb 2024 | 40-F · 24 Feb 2023 | 40-F · 25 Mar 2022 | 40-F · 24 Mar 2021 | 40-F · 14 May 2020 |
- A dash means the SEC filings carry no figure for that year. It is never zero.
- * The figure as first filed; restated in a later filing.
Reserves and resources
Year-end 2025, million ounces, gold basis, as the company states it. Reserves and resources are separate classes and are never added together.
| Proven and probable | Proven | Probable | Measured and indicated | Inferred | Source |
|---|---|---|---|---|---|
| 19.0 Moz | 3.9 Moz | 15.1 Moz | 19.1 Moz exclusive of reserves | 11.1 Moz | source |
Filings
| Date | Source |
|---|---|
| 17 Aug 2026 | 6-K(17 Aug 2026) |
| 6 Aug 2026 | 6-K(6 Aug 2026) |
| 5 Aug 2026 | 6-K(5 Aug 2026) |
| 5 Aug 2026 | 6-K(5 Aug 2026) |
| 5 Aug 2026 | 6-K(5 Aug 2026) |
| 31 Jul 2026 | 6-K(31 Jul 2026) |
How to read this page
Costs are the company's own consolidated all-in sustaining cost (gold, silver) or C1 cash cost (copper), as stated, on the basis the company states; the reference price is the quarter's average from World Bank Commodity Price Data (CC BY 4.0); the margin is that price less the stated cost, a production-cost spread and not company net profit; financials are as filed in the filing currency, never converted; report dates are confirmed from the company's notice or estimated from its own past pattern and say which. The full methodology is on the Miner Margins page.