Equinox Gold Corp (EQX) Financials
TSX: EQX · Gold · Production stage
- Market cap$16.39B
- Share price$14.03
- 52-week range$11.91 – $25.87
- Shares outstanding1,168,471,749
- ExchangeTSX
- Websiteequinoxgold.com
Equinox Gold (TSX: EQX, NYSE-A: EQX) is a Canadian mining company positioned as the new North American senior gold producer with a strong foundation of high-quality, long-life gold operations in Canada and across the Americas, and a pipeline of development and expansion projects. Guided by a seasoned leadership team with broad expertise, the Company is focused on disciplined execution, operational excellence and long-term value creation. Equinox Gold offers investors meaningful exposure to gold with a diversified portfolio and clear path to growth.
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Equinox Gold Corp financial statements
Key figures read from 40 of 40 financial statement filings, Nov 29, 2016 to Aug 5, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$407,355 | US$239,329 | US$191,995 | US$200,769 | US$305,498 |
| Short-term investments | US$162,683 | US$6,142 | US$92,666 | US$36,867 | US$240,530 |
| Total current assets | US$1,970,557* | US$784,105* | US$833,958* | US$655,095* | US$1,163,231* |
| Total current liabilities | US$1,261,974 | US$689,091 | US$479,601 | US$271,724 | US$402,566 |
| Working capital | US$708,583 | US$95,014 | US$354,357 | US$383,371 | US$760,665 |
| Exploration and evaluation assets | US$7,910,329 | US$5,564,713 | US$3,225,213 | US$2,840,499 | US$2,497,919 |
| Total assets | US$10,535,395 | US$6,713,595 | US$4,350,377 | US$3,856,397 | US$3,967,361 |
| Debt | US$1,554,680 | US$1,347,831 | US$924,980 | US$828,024 | US$540,682 |
| Total liabilities | US$4,740,088 | US$3,316,043 | US$1,907,916 | US$1,503,313 | US$1,382,016 |
| Shareholders' equity | US$5,795,307 | US$3,397,552 | US$2,442,461 | US$2,353,084 | US$2,585,345 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$1,817,195 | US$1,514,120 | US$1,088,191 | US$952,196 | US$1,082,286 |
| Exploration and evaluation expense | (US$10,884) | (US$12,493) | (US$11,690) | (US$18,423) | (US$16,253) |
| General and administrative | (US$104,698) | (US$53,010) | (US$46,243) | (US$46,682) | (US$52,590) |
| Net income (loss) | US$240,332 | US$339,287 | US$28,884 | (US$106,027) | US$554,889 |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$818,345* | US$372,184* | US$358,463* | US$56,473* | US$320,778* |
| Investing cash flow | (US$458,673)* | (US$1,111,719)* | (US$462,674)* | (US$419,002)* | (US$347,567)* |
| Financing cash flow | (US$171,893)* | US$792,475* | US$92,498* | US$254,311* | (US$1,595)* |
| Exploration spending (capitalized) | (US$692,346) | (US$412,073) | (US$523,298) | (US$557,074) | (US$344,224) |
| Proceeds from share issues | US$0 | US$335,562 | US$40,769 | US$7,219 | US$59,498 |
| Change in cash | US$190,675 | US$47,334 | (US$8,774) | (US$109,304) | (US$34,853) |
| Cash at end of period | US$430,004 | US$239,329 | US$191,995 | US$200,769 | US$310,073 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Equinox Gold Corp financings
3 financings announced or closed by Equinox Gold Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-10-03 | Equinox Gold Corp (EQX) | Convertible debenture, bought deal | Announced | US$140.0M | — | Equinox Gold Announces Convertible Note Conversion and Bought Deal Secondary Offering |
| 2024-04-26 | Equinox Gold Corp (EQX) | Private placement, bought deal | Closed, 1 tranche | US$299.0M | — | Equinox Gold Completes US$299 Million Bought Deal Financing |
| 2024-04-23 | Equinox Gold Corp (EQX) | Debt, bought deal | Announced | $705.0M | — | Equinox Gold Consolidates Ownership of the Greenstone Gold Mine Arranges Term Loan and Bought Deal Equity Financing |