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Equinox Gold's Q2: Eventful But Not So Successful

Aug. 05, 2021 12:04 PM ETEquinox Gold Corp. (EQX), EQX:CA13 Comments


  • Equinox produced 122,656 toz gold, at an AISC of $1,382/toz in Q2.
  • The operating cash flow declined rapidly, to $20.2 million.
  • Equinox acquired 60% of the construction-ready Greenstone Project.
  • Santa Luz mine development remains on track for production start-up in Q1 2022.
  • Another blockade disrupted operations at the Los Filos mine, with negative impact on Equinox's 2021 production and cost guidance.

stack of shiny gold bars 3d illustration
monsitj/iStock via Getty Images

Equinox Gold (NYSE:EQX) released its Q2 2021 financial results. Unfortunately, the numbers look disappointing. Not only revenues but especially operating cash flow declined significantly, moreover, Equinox had to revise its 2021 production and cost guidance, due to the negative

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An in-depth analysis of the royalty and streaming industry

I am an associate professor at the University of Economics in Bratislava, Department of Banking and International Finance. My dissertation was focused on commodity markets and my habilitation was focused on the calendar anomalies. I have more than 15 years of investing experience. My investments mostly focus on small- and mid-cap companies in the resource sector. Since May 2019, I have been preparing regular monthly reports focused on the precious metals royalty & streaming industry. Based on positive feedbacks and numerous inquiries, I decided to launch a Marketplace Service named "Royalty & Streaming Corner", which provides an in-depth analysis of this exciting market segment, as well as investment ideas from the mining industry.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EQX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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