Record Gold Production
Equinox Gold delivered over 236,000 ounces during the first full quarter, including Calibre assets, reflecting strong operational performance.
Financial Performance
The company reported an adjusted net income of $147 million or $0.19 per share, with adjusted EBITDA of $420 million, ending the quarter with $348 million in cash.
Greenstone Performance Improvement
Greenstone's performance improved in Q3 with mining rates exceeding 185,000 tonnes per day, a 10% increase over Q2, and process grades improved by 13%.
Valentine Mine Ramp-Up
Valentine commissioning continues ahead of expectations, with plant throughput averaging over 6,200 tonnes per day or 91% of nameplate in October.
Debt Reduction
Equinox Gold retired $139 million of debt during Q3 and an additional $25 million in October, showcasing disciplined capital allocation.
Sale of Nevada Assets
Post quarter end, Equinox Gold closed the sale of its Nevada assets for $115 million, including $88 million in cash.