Gold Miner Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) Makes TSX Top Gainers List as Gold Rises

February 3, 2025 (Investorideas.com Newswire) Investorideas.com, a leader in retail investor trading ideas for mining and gold stocks issues a trading alert for Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX), the USA, Mexico and Brazil and has a path to achieve more than one million ounces of annual gold production by advancing a pipeline of expansion projects.

The stock makes the TSX top gainers list as gold rises, currently trading at $9.48, up 0.71, gaining 8.10% on volume of over 1.1 Million shares . On the NYSE the stock is trading at $6.54, up 0.47, gaining 7.67% on volume of over 9 Million shares as of this report.

Gold is trading at $2,858.10, up 23.10.

In early January Equinox Gold reported that the Company recorded its strongest quarterly and annual gold production in the Company's history, producing 213,960 ounces of gold in Q4 2024 and 621,870 ounces of gold for full-year 2024.

Greg Smith, President & CEO of Equinox Gold commented: "2024 was a pivotal year for Equinox Gold, defined by our success at Greenstone. We consolidated 100% ownership of the mine, achieved commercial production, and produced more than 111,700 ounces of gold in the first, partial year of operations at Greenstone. Several of our mines delivered their strongest fourth quarter in the Company's history, contributing to consolidated 2024 production of approximately 621,870 ounces of gold, the highest annual production since Equinox Gold's founding. As Greenstone ramps up to full capacity, we look forward to continued growth in 2025."

Equinox Gold ended the year with approximately $240 million in cash and equivalents and $105 million available to draw on its revolving credit facility, plus another $100 million undrawn accordion feature. During the fourth quarter the Company reduced its debt by $180 million with the payment of the final $40 million due to Orion Mine Finance for the purchase of its 40% interest in Greenstone and with the conversion to equity by the holders of $140 million in convertible notes.

Recent news

https://ca.finance.yahoo.com/news/equinox-gold-reports-record-quarterly-223000910.html

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