The Orla Mining deal is already paying: a year-ago $1.28 billion net debt position has flipped to net cash. Management also lifted 2026 production guidance and raised the dividend.
Equinox Gold Corp
EQX at a Glance
- Market cap
- $13.4B
- P/E ratio
- 24.0
- Dividend yield
- 0.27%
- Revenue (TTM)
- $2.9B
- Profit margin
- 28.1%
- EPS (TTM)
- $0.48
- 52-week range
- $8 – $19
- Street target
- $15.84
- Next report
- Nov 9, 2026
Headquartered in Vancouver, BC Fiscal year ends December NYSE MKT: EQX equinoxgold.com
About Equinox Gold
Equinox Gold Corp. is an Americas-focused gold producer that operates, acquires, explores and develops gold properties. All of its mines are 100% owned, and its shares trade on the TSX and NYSE American under the symbol EQX.
Operating mines at September 30, 2026:
- Greenstone (Ontario): an open-pit mine with a 9.8 Mtpa carbon-in-pulp plant, in late-stage ramp-up.
- Musselwhite (Ontario): a fly-in, fly-out underground mine with about 1.5 Mtpa capacity.
- Valentine (Newfoundland and Labrador): a 2.5 Mtpa CIL mine that reached commercial production in late 2025.
- La Libertad and El Limon (Nicaragua): a hub-and-spoke complex with 2.7 Mtpa combined milling capacity.
- Camino Rojo (Zacatecas, Mexico): an oxide heap-leach mine.
- Mesquite (California): a run-of-mine heap-leach mine.
- Castle Mountain (California): currently in residual leaching.
Development pipeline:
- South Railroad (Nevada): received its federal Record of Decision in August 2026 and targets first gold in the first half of 2028.
- Valentine Phase 2: expansion to 5.0 Mtpa, approved in August 2026.
- Castle Mountain Expansion: a FAST-41 project with an investment decision expected in 2027.
- Camino Rojo Underground: pre-feasibility study expected in 2027.
- Los Filos (Guerrero, Mexico): preparing a gradual heap-leach restart after signing 20-year land access agreements in June 2026.
Recent portfolio changes:
- In January 2026 the company sold its Brazil Operations (Aurizona, Bahia Complex, RDM).
- On July 31, 2026 it acquired Orla Mining in an all-share transaction, adding Musselwhite, Camino Rojo and South Railroad.
- Jason Simpson, formerly Orla's CEO, became President & CEO after Darren Hall retired on October 31, 2026.
The company sells gold mainly at spot. It also delivers ounces under a stream arrangement, gold prepay transactions (including those assumed from Orla) and a gold purchase and sale arrangement. Updated
Frequently Asked Questions
What does Equinox Gold do?
Equinox Gold Corp. is an Americas-focused gold producer that operates, acquires, explores and develops gold properties. All of its mines are 100% owned, and its shares trade on the TSX and NYSE American under the symbol EQX.
What is the EQX stock price target?
The Wall Street consensus 12-month price target for EQX is $15.84.