EarningsQ2 2026 Earnings Report
EQX Q2 2026 EPS Results
Actual EPS$0.16
Consensus EPS$0.17
Beat/MissMissed by -$0.01
One Year Ago EPS$0.11
EQX Q2 2026 Revenue Results
Actual Revenue$746.86M
Expected Revenue$775.79M
Beat/MissMissed by -$28.93M
YoY Revenue Growth+60.79%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
EQX Upcoming Earnings
Equinox Gold's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
EQX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive and growth-oriented outlook driven by the transformational Orla combination, strong liquidity, a 50% dividend increase and clear operational improvements at Valentine and Greenstone. At the same time, the company disclosed several near-term operational and cost challenges — selectivity and grade delivery at Valentine, recovery issues at Greenstone (arsenopyrite), higher fuel assumptions (~+50%) and elevated near-term capital spending for restarts and studies. Management emphasized disciplined integration, execution focus and capital prioritization. On balance, the highlights (scale, liquidity, guidance, dividend, and measurable operational gains) outweigh the disclosed near-term execution and cost headwinds, provided the teams deliver on the stated remediation plans.Company Guidance
Transformational Combination and Scale
Completion of business combination with Orla Mining creates a larger senior gold producer with a stronger operating platform, expanded organic growth pipeline and pro forma annualized production of ~1.1 million ounces (combined-company view). The addition of Musselwhite and Camino Rojo contributes five months of production in 2026.
Updated 2026 Guidance
Consolidated 2026 production guidance raised/updated to 870,000–920,000 ounces; pro forma combined company would produce ~1.1M ounces. Consolidated total cash costs expected at $1,600–$1,700/oz and AISC $1,900–$2,000/oz, with stronger cash generation in H2.
Balance Sheet Strength and Liquidity
As of end of July: approximately $650 million cash, net cash position of ~ $214 million and ~ $1.2 billion of available liquidity, providing flexibility for growth and capital allocation.
Shareholder Return — Dividend Increase
Board approved a 50% increase to the annual dividend to $0.09 per share, reflecting confidence in cash-generative capability and commitment to return capital to shareholders.
Operational Progress at Valentine
Valentine process plant consistently delivered above nameplate throughput in Q2. Mill feed grades improved with July averaging >1.8 g/t and early August trending around ~2.0 g/t. High-grade reconciliation improved by close to 20% quarter-over-quarter, indicating effectiveness of selective mining, ore control and dilution-management initiatives.
Ramp and Throughput Gains at Greenstone
Greenstone mill effectively reached nameplate in Q2 (~26,000 tpd average) and exceeded nameplate into Q3 with ~28,000 tpd reported in early August (≈7.7% increase vs Q2 average). Trommel installation planned by year-end to reduce tramp, downtime and support further throughput gains.
Portfolio Growth and Project Approvals
Board approved full funds for Valentine Phase 2 expansion. Company advancing studies and restart work at Los Filos (community agreements secured) and early-stage underground preparatory work at Camino Rojo; incremental project study spend included in 2026 capital profile.
Executive Transition with Continuity
Jason Simpson named to assume CEO responsibilities; Darren Hall to retire but remain an adviser and significant shareholder — management emphasizes continuity, clarified decision-making and retained operating leadership to support integration and execution.
EQX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed