Q1 2025 Equinox Gold Corp Earnings Call Transcript

May 8, 2025 / 02:30 PM GMT

Release Date Price: $6.26 (-8.35%)

Transcript

Key Points

Positve

Equinox Gold Corp (EQX) achieved its highest first-quarter production in company history, producing over 145,000 ounces of gold.
The company reported a strong safety performance with an improved total recordable injury frequency rate of 1.95 per million hours worked.
Equinox Gold Corp (EQX) successfully completed a proposed business combination with Caliber Mining, which is expected to close in the second quarter.
The Greenstone mine is ramping up production, with expectations to reach design capacity by the second half of the year.
The merger with Caliber Mining positions Equinox Gold Corp (EQX) to become the second-largest gold producer in Canada, with a combined production target of 950,000 ounces in 2025.

Negative

Operations at the Los Fios mine have been suspended due to the inability to conclude a new long-term agreement with one of the local communities.
The company incurred $65 million in non-recurring charges, including a $29 million inventory adjustment at Los Fios and $10 million in mine suspension charges.
Greenstone unit costs were higher in Q1 due to planned maintenance and the addition of haul trucks, impacting overall cost efficiency.
Equinox Gold Corp (EQX) reported a net loss despite record production and high gold prices, attributed to non-recurring costs and accounting adjustments.
The company faces challenges with mining rates and equipment availability at the Greenstone mine, which could impact the timeline for reaching full production capacity.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EQX.A - Equinox Gold Corp
Q1 2025 Equinox Gold Corp Earnings Call
May 08, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold first quarter 2025 results and corporate update. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star, then 0. If you are participating through the webcast, you can submit a question in writing by using the text box in the lower left corner of the webcast frame.

I would now like to turn the conference over to erlin Bailey, Vice President, investor relations for

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