EQX (Equinox Gold) Construction In Progress: $44 Mil (As of Mar. 2026)


EQX Equinox Gold Corp EQX
75 GF Score
Price $9.71
GF Value $5.91
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Equinox Gold Construction In Progress?

Equinox Gold EQX +3.19% 75 Construction In Progress is $44 Mil as of Mar. 2026. GuruFocus rates EQX with a GF Score™ of 75/100 and a GF Value™ of $5.91 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Equinox Gold's quarterly construction in progress declined from Sep. 2025 ($920 Mil) to Dec. 2025 ($40 Mil) but then increased from Dec. 2025 ($40 Mil) to Mar. 2026 ($44 Mil).

Equinox Gold's annual construction in progress declined from Dec. 2023 ($746 Mil) to Dec. 2024 ($212 Mil) and declined from Dec. 2024 ($212 Mil) to Dec. 2025 ($40 Mil).

Equinox Gold Construction In Progress Historical Data

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The historical data trend for Equinox Gold's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Equinox Gold Construction In Progress Chart

Equinox Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.90 382.34 746.14 212.26 39.57

Equinox Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.50 0.00 920.27 39.57 43.83
EQX
75GF Score
Equinox Gold Corp EQX
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Equinox Gold Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $44 Mil mean?
Equinox Gold (EQX) has a Construction In Progress of $44 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Equinox Gold and its competitors.
Is Equinox Gold's Construction In Progress too high?
Equinox Gold's current Construction In Progress is $44 Mil. Overall, Equinox Gold has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equinox Gold's Construction In Progress compare to NEM and AU?
Equinox Gold's Construction In Progress of $44 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Equinox Gold and its competitors. Equinox Gold's current Construction In Progress is $44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equinox Gold stock overvalued right now?
Based on GuruFocus' analysis, Equinox Gold (EQX) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.91, compared to a current price of $9.71 — trading 64.3% above its estimated fair value. The current Construction In Progress is $44 Mil. Equinox Gold's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Equinox Gold (EQX), the current Construction In Progress is $44 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Equinox Gold (EQX) Overvalued in 2026?

Based on GuruFocus' analysis, Equinox Gold stock appears to be overvalued. The current stock price of $9.71 is trading 64.3% above its estimated GF Value™ of $5.91. GuruFocus considers Equinox Gold to be Significantly Overvalued.

Key valuation signals for EQX:

  • Construction In Progress: $44 Mil
  • GF Value™: $5.91 vs. price of $9.71 (64.3% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the EQX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Equinox Gold Business Description

Other Exchanges 1LRC:GermanyEQX:Canada
Address 700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
75GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.71
Price
$5.91
GF Value