Equinox Gold had a rough Q2-24 with lower revenue, negative free cash flow, and weaker AISC margins despite record gold prices. Unfortunately, a weaker than planned H2-24 means that the second half won't see the significant recovery previously expected, with a significant cut to guidance at Greenstone. All else being equal, this wouldn't be a huge issue, but costs are clearly rising sector-wide...
The month of October has been a difficult one for Equinox Gold, with a number of setbacks reported, which is likely to weigh on the stock in the short term. The short-term picture is rather hazy due to the recent setbacks, but the long-term outlook is clearer since it remains as bright as ever. EQX has its advantages over other gold miners, which includes having some of the biggest reserves aro...
Red ink is usually never a pleasant sign, especially after you acquired a significant position in certain publicly traded companies. Nevertheless, cheap stocks also provide a long-term opportunity for forward-thinking speculators.
Equinox Gold Corp. (NYSE:EQX ) Q2 2024 Results Conference Call August 8, 2024 10:30 AM ET Company Participants Rhylin Bailie - VP, IR Greg Smith - President, CEO Doug Reddy - COO Peter Hardie - CFO Scott Heffernan - EVP-Exploration Conference Call Participants Anita Soni - CIBC World Markets Wayne Lam - RBC Capital Markets Operator Thank you for standing. This is the conference operator.
Last year, gold prices surged as investors sought alternatives to hedge their portfolios against rising inflation and economic uncertainty. Gold prices increased by over 13%, and demand for the precious metal reached 4,899 metric tons.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
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