Overview

* Equinox Gold ( EQX ) Q3 rev reaches $819 mln, reflecting strong operational performance

* Record gold production of 236,382 oz in Q3, driven by Greenstone and Valentine

* Company reduces debt by $139 mln, adds $88 mln cash from Nevada asset sale

Outlook

* Equinox Gold ( EQX ) expects Greenstone to deliver a strong Q4 and continue momentum into 2026

* Valentine is anticipated to reach nameplate capacity by Q2 2026

* Company entering 2026 with growing Canadian production and improving cash flow

Result Drivers

* GREENSTONE IMPROVEMENTS - Operational performance at Greenstone advanced with mining rates up 10% over Q2 and mill grades improving 13%

* VALENTINE RAMP-UP - Valentine project commissioning ahead of expectations, with plant reaching 91% of nameplate capacity in October

* FINANCIAL STRENGTHENING - Co reduced debt by $139 mln and added $88 mln in cash from Nevada asset sale, enhancing financial flexibility

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $819 mln

Revenue

Q3 $0.19

Adjusted

EPS

Q3 $147.40

Adjusted mln

Net

Income

Q3 Net $85.60

Income mln

Q3 $420 mln

Adjusted

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Equinox Gold Corp ( EQX ) is C$19.50, about 23.4% above its November 5 closing price of C$14.94

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)