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Equinox GoldTSX:EQX

Gold producer, with a project stated to be in California, United States.

California · United States — as stated on the recordings

producer gold California, United States
Jul 2025 → Jul 2026Covered
10 of 10Topics on record
6Figures tracked over time
2 executivesNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 8 interviews with the company · 6 independent recordings
Stage
Producer
Primary commodity
Gold
Jurisdiction
California, United States
Deposit
heap leech asset
Latest appearance
03 Jul 2026
On record
11 interviews · 60 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
Combined Equinox and Orla midpoint around 350,000 ounces of annual gold production this year
Management-stated Ryan King Jun 2026
Grade
CIL plant to process sulfide materials and operate heap leach mine at Los Felos
Management-stated Ryan King Jan 2026
Money on hand
about 1.5 billion dollars of debt at end of 2025
Stated capital need: spending somewhere between 75 and hundred million in exploration this year
Management-stated Ryan King Jan 2026
What happens next
South Railroad construction completed by the end of 2027
Management-stated Ryan King Jun 2026
The main open question
Garrett Goggin criticizes cost inflation, lower guidance, and weaker free cash flow after acquisitions.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
8 independent voices on record — 13 constructive, 6 neutral
Don Durett, Rick Rule, Steve Barton, Kyle Floyd…
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

First production ● Moved earlier 2028 → 2025 as stated 3 statements on record
10 Sep 2025
tier one asset or a tier one jurisdictional asset into production by say 28, maybe 2028
“on another tier one asset or a tier one jurisdictional asset into production by say 28, maybe 2028.”
16 Jan 2026
record of gold production in 2025, a little over 920,000 ounces
“produced uh on a consolidated all asset basis a little over 920,000 ounces of gold in 2025”
Resource size ≠ Different basis One statement qualifies the figure and the other does not (annual, combined, gold) 8 statements on record
16 Jan 2026
plus 15 million ounce in all categories
“Loss is a plus 15 million ounce in in all categories uh deposit. So gold deposit”
11 Jun 2026
Castle Mountain and South Railroad combined adding about 300 to 350,000 ounces of annual gold production
“on a combined basis with Castle Mountain and with um Self Railroad, you're adding about 300 to 350,000 ounces of of annual gold production coming out of uh United States and Canada with the inclusion …”
Operating cost ? Stated at several levels 7 statements on record — these are the earliest and the latest, not a trend 7 statements on record
10 Sep 2025
2026 production call it 900 to 1.1 million ounces
“2026 should be a solid year for for Equinox. you know, call it 900 to 1.1 million ounces of production.”
16 Jan 2026
250 plus maybe 300,000 ounce a year opportunity at Los Felos
“you're looking at an additional call it 250 plus maybe 300,000 ounce a year uh opportunity there”
Grade ? Wording changed One statement carries no figure to compare 2 statements on record
10 Dec 2025
Greenstone and Valentine are tier one, Los Filos in Mexico would be tier one except it's in difficult jurisdiction
“We've got a couple of tier ones now. We have greenstone and we have Valentine tier one. uh Los Filos in Mexico would be tier one except it's in a a difficult jurisdiction and it's been a headache mine…”
16 Jan 2026
CIL plant to process sulfide materials and operate heap leach mine at Los Felos
“installing a CIL, you know, a modern plant in place at that asset that could process what we call the sulfide materials and operate the heat bleach mine”
Capital needed ? New figure The earlier statement put no number on this 2 statements on record
10 Dec 2025
not in mood to buy anything, looking at maybe divesting one or two assets
“we're not we're not in any kind of mood to to buy anything. Uh in fact, we're looking at maybe divesting uh one or two assets still.”
16 Jan 2026
capex will range from 500 to a million to a billion dollars
“it'll take some time to build it and we're talking about capex that'll range from 500 to a million to a billion dollars to build these things”
Permitting ? Wording changed No comparable date in one of the two statements 2 statements on record
10 Sep 2025
Castle Mountain accepted into the FAST 41 program
“Castle Mountain is uh it's a it's a gold asset.”
10 Dec 2025
Los Filos in Mexico has been a headache mine since acquired
“Los Filos in Mexico would be tier one except it's in a a difficult jurisdiction and it's been a headache mine since we acquired it.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Equinox Gold's own claims across 11 interviews — most-covered theme first.

What outside voices pick up on

6 independent voices — people who do not speak for the company — across 24 mentions.

13 constructive 6 neutral
  • Don Durett “Trading at $8.62 and 'on sale'; path to 1.5-1.9M oz production; Ora deal closing September improves the story; cleaned-up balance …”
  • Rick Rule “In danger of upgrading from 4 to 3. Near-term headwind from ORA holders selling. Medium-term: Greenstone cash flow, tier-3 asset s…”
  • Steve Barton “He is near an upgrade from four to three, but expects short-term selling pressure and notes recent mergers were tactical rather th…”
  • Kyle Floyd “Named as the operator at Los Filos, which matters for the stream’s optionality.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says at current metal prices the company can self-fund growth and generate strong free cash flow.

What it rests on
▶
▶
▶
Evidence: 3 moments from 1 interview
Read the full case

Management says at current metal prices the company can self-fund growth and generate strong free cash flow. The merged company is on the verge of 1.1 million ounces annual production with a large growth profile: Valentine phase 2 (200–225k oz/yr), Castle Mountain (200–225k oz/yr), South Railroad (130k oz/yr), plus 3–400k oz/yr from Los and Camino Rojo. An outside investor noted it doubled after operational issues resolved and is an undervalued major with strong pipeline discipline.

▼ Bear case

Garrett Goggin criticizes cost inflation, lower guidance, and weaker free cash flow after acquisitions.

What it rests on
▶
▶
▶
Evidence: 3 moments from 2 interviews
Read the full case

Garrett Goggin criticizes cost inflation, lower guidance, and weaker free cash flow after acquisitions. Management acknowledges capex of $500m–$1b to build out projects, 1.5 billion dollars of debt at end of 2025, and Los Filos has been a headache mine since acquisition due to Mexico's difficult jurisdiction. Timeline slippage and permitting risk across multiple jurisdictions remain unresolved.

◆ Watch next

South Railroad record of decision expected July or August of this year, with mid-year construction start and completion by end of 2027, ramping 130k oz/yr in 2028.

What it rests on
▶
▶
▶
Evidence: 3 moments from 1 interview
Read the full case

South Railroad record of decision expected July or August of this year, with mid-year construction start and completion by end of 2027, ramping 130k oz/yr in 2028. Castle Mountain record of decision by December this year, construction decision Q2–Q3 2027, hitting production rate end of 2029/early 2030. Valentine phase 2 construction to start second half of this year, lasting about 18 months. Q4 production hit 247k ounces—watch if that trajectory sustains through 2026 guidance of 700–800k oz.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 22 statements

The deposit 16

Key takeaway. Equinox Gold management described the combined company's resource base as "plus 15 million ounce in all categories" (Jan 2026) and "over four million ounces in reserves" (Jan 2026), with a separate claim of "20 or 25 million ounces of…

Read the full summary

gold" (Dec 2025). The company reports that the combined Equinox and Orla entity would have a midpoint of "around 350,000 ounces of annual gold production this year" (Jun 2026), and that the overall combined company will result in annual production of "about 1.1 million ounces this year" (Jun 2026). Management noted the deposit types include heap leach assets and 11 mines spanning Greenstone, Valentine, Los Filos in Mexico, and assets from the Caliber deal in Nicaragua and Nevada (Dec 2025).

What was actually said
resource size
Combined Equinox and Orla midpoint around 350,000 ounces of annual gold production this year
“So combined this year, I think they're they're midpoint is around 350,000 ounces of annual gold production”
Ryan King· 11 Jun 2026·
resource size
Combined company will result in annual production of about 1.1 million ounces this year
“The company has published that this will result in annual production of about 1.1 million ounces this year with a large profile for growth.”
Ryan King· 11 Jun 2026·
resource size
South Railroad complex approximately 130,000 ounces a year of annual production starting around 2028
“would expect uh some construction to start in the second half of this year there as well. That is approximately a 12 to 16month build. So if we were to start in the middle of the year you'd expect it to be completed by the end of 2027. So sequentially that comes off uh and adds about 130,000 ounces a year of annual production starting around 2028.”
Ryan King· 11 Jun 2026·
Show the other 13 statements
resource size
Valentine phase 2 expansion would result in annual gold production running somewhere around 200 to 225,000 ounces of gold a year
“Equinox is advancing the Valentine phase 2 expansion, which again, based uh recently reported technical reports, we would anticipate that annual gold production is going to be running somewhere around 200 to 225,000 ounces of gold a year.”
Ryan King· 11 Jun 2026·
resource size
Los project and Camino Rojo project could lead to additional in the order of magnitude 3 to 400,000 ounces of annual production
“we have the Los project and the Camino Rojo project which could lead to again additional in the order of magnitude 3 to 400,000 ounces of of annual gold production.”
Ryan King· 11 Jun 2026·
resource size
Castle Mountain and South Railroad combined adding about 300 to 350,000 ounces of annual gold production
“on a combined basis with Castle Mountain and with um Self Railroad, you're adding about 300 to 350,000 ounces of of annual gold production coming out of uh United States and Canada with the inclusion of our increased production coming out of Valentine.”
Ryan King· 11 Jun 2026·
deposit type
heap leech asset
“It's been as a it's been producing as a heap leech asset for many many years now”
Ryan King· 16 Jan 2026·
exploration upside
multi-year exploration upside, phase 2 expansion at open pit in Newfoundland
“They've got multi-year in front of them. They've got tremendous exploration upside. We're actually already looking at a phase 2 expansion at uh at one of the new open pits in Newfoundland”
Ryan King· 16 Jan 2026·
grade
CIL plant to process sulfide materials and operate heap leach mine at Los Felos
“installing a CIL, you know, a modern plant in place at that asset that could process what we call the sulfide materials and operate the heat bleach mine”
Ryan King· 16 Jan 2026·
resource size
plus 15 million ounce in all categories
“Loss is a plus 15 million ounce in in all categories uh deposit. So gold deposit”
Ryan King· 16 Jan 2026·
resource size
over four million ounces in reserves
“that asset is over four million ounces in reserves”
Ryan King· 16 Jan 2026·
deposit type
11 mines now, includes Greenstone, Valentine, Los Filos in Mexico, assets from Caliber deal including mines in Nicaragua and Nevada
“Included in that portfolio I think we have 11 mines now. Included in that portfolio or 10 mines maybe it depends on how you count Nicaragua. Um including the assets we got from val from the caliber deal.”
Ross Beaty· 10 Dec 2025·
grade
Greenstone and Valentine are tier one, Los Filos in Mexico would be tier one except it's in difficult jurisdiction
“We've got a couple of tier ones now. We have greenstone and we have Valentine tier one. uh Los Filos in Mexico would be tier one except it's in a a difficult jurisdiction and it's been a headache mine since we acquired it.”
Ross Beaty· 10 Dec 2025·
reserve size
20 or 25 million ounces of gold
“we probably had 20 or 25 million ounces of gold in reserves and resources.”
Ross Beaty· 10 Dec 2025·
deposit type
Greenstone is a large open pit in northern Ontario
“Greenstone um a large open pit uh northern Ontario asset.”
Ryan King· 10 Sep 2025·
deposit type
Valentine asset is a 2.5 million ton per annum plant
“Valentine is a is a 2.5 million ton per anom plant.”
Ryan King· 10 Sep 2025·

Jurisdiction 4

Key takeaway. Equinox Gold operates in Canada, California and Mexico, management says.

Read the full summary

Speaking in January 2026, management reported that multi-decade community agreements are in place with two of the three communities at Los Filos in Mexico. However, the company acknowledged in December 2025 that Los Filos "has been a headache mine since acquired." On a more positive permitting note, management said in September 2025 that the Castle Mountain project in California has been accepted into the FAST 41 program, which is designed to streamline federal environmental reviews.

What was actually said
community agreement
multi-decade agreements in place with two communities out of three at Los Felos
“we've we've got uh multi-deade agreements in place with two communities of the three that over that sit over top of the of the asset”
Ryan King· 16 Jan 2026·
country
Canada, California, Mexico
“in Canada here, we've got two key assets, development stage asset in California, asset in Mexico called Los Felos”
Ryan King· 16 Jan 2026·
permit status
Los Filos in Mexico has been a headache mine since acquired
“Los Filos in Mexico would be tier one except it's in a a difficult jurisdiction and it's been a headache mine since we acquired it.”
Ross Beaty· 10 Dec 2025·
Show the other 1 statement
permit status
Castle Mountain accepted into the FAST 41 program
“Castle Mountain is uh it's a it's a gold asset.”
Ryan King· 10 Sep 2025·

Technical risk 2

Key takeaway. Management's key assumption for Greenstone is a mill nameplate of 27,000 tons per day, and a nameplate capacity of about 195 to 200,000 tons per day of material movement, as stated in September 2025.

What was actually said
key assumption
name plate capacity at Greenstone is about 195 to 200,000 tons a day of material movement
“the name plate capacity is about 195 to 200,000 tons a day of material movement.”
Ryan King· 10 Sep 2025·
key assumption
Greenstone mill nameplate is 27,000 tons a day
“the mill, the name plate there is 27,000 tons a day.”
Ryan King· 10 Sep 2025·

Economics 13 statements

Economics 8

Key takeaway. Equinox Gold management has laid out its project economics across several assets.

Read the full summary

At Castle Mountain, the company expects a production profile of 200,000 to 225,000 ounces of gold per year. At Los Felos, they see a 250,000 to 300,000-ounce-per-year opportunity. The two Canadian assets are expected to contribute 400,000 to 500,000 ounces of annual gold production. At Greenstone, management forecasts 275,000 to 325,000 ounces per year over a 15-year mine life, with 2025 production between 220,000 and 260,000 ounces. For 2026, the company projects total production of about 900,000 to 1.1 million ounces, with the Valentine asset contributing 150,000 to 175,000 ounces that year. Management also said that at current metal prices, the company has a path to internally fund growth and generate very strong free cash flow.

What was actually said
price assumption
At these metal prices the company has a path to internally fund growth and generate very strong free cash flow
“And all the while at these metal prices we have a path to internally fund that and generate very strong free cash flow.”
Ryan King· 11 Jun 2026·
operating cost
400 to 500,000 ounces of annual gold production from two Canadian assets
“Between the two, we're 400 to 500,000 ounces of annual gold production”
Ryan King· 16 Jan 2026·
operating cost
200 to 225,000 ounce a year gold producer at Castle Mountain
“the expansion opportunity there which would bring that asset up to a 200 to 225,000 ounce a year gold producer”
Ryan King· 16 Jan 2026·
Show the other 5 statements
operating cost
250 plus maybe 300,000 ounce a year opportunity at Los Felos
“you're looking at an additional call it 250 plus maybe 300,000 ounce a year uh opportunity there”
Ryan King· 16 Jan 2026·
operating cost
2026 production call it 900 to 1.1 million ounces
“2026 should be a solid year for for Equinox. you know, call it 900 to 1.1 million ounces of production.”
Ryan King· 10 Sep 2025·
operating cost
150 to 175,000 ounces of production out of the Valentine asset in 2026
“if we look at that run rate, we're probably about 150 to 175,000 ounces of of production out of the out of the Valentine asset in 2026.”
Ryan King· 10 Sep 2025·
operating cost
Greenstone production profile 275 to 325,000 ounce a year, mine life is 15 years
“this asset is probably about a 275 to 325,000 ounce a year production profile. Mine life is 15 years.”
Ryan King· 10 Sep 2025·
operating cost
2025 production between 220 and 260,000 ounces at Greenstone
“we reset expectations for Greenstone particularly and said that we would produce between 220 and 260,000 ounces.”
Ryan King· 10 Sep 2025·

Financing 5

Key takeaway. Management provided a mixed financial picture in early 2026.

Read the full summary

The company had about 1.5 billion dollars of debt at the end of 2025, though it also recently divested its Brazil production for a little over a billion dollars. Looking ahead, the CEO said capital expenditure will range from 500 to a million to a billion dollars, and the company is spending somewhere between 75 and hundred million on exploration this year. Earlier, in December 2025, management stated it was not in the mood to buy anything and was looking at maybe divesting one or two assets.

What was actually said
burn rate
spending somewhere between 75 and hundred million in exploration this year
“I think this year we're spending somewhere between 75 and hundred million in exploration”
Ryan King· 16 Jan 2026·
capital needed
capex will range from 500 to a million to a billion dollars
“it'll take some time to build it and we're talking about capex that'll range from 500 to a million to a billion dollars to build these things”
Ryan King· 16 Jan 2026·
cash position
about 1.5 billion dollars of debt at end of 2025
“the company at the end of 2025 I think uh pre the the deal with Brazil had about 1.5 billion dollars of debt”
Ryan King· 16 Jan 2026·
Show the other 2 statements
financing status
divested Brazil production for a little over a billion dollars
“divested just recently announced a divestiture of uh some Brazil production for a little over a billion dollars”
Ryan King· 16 Jan 2026·
capital needed
not in mood to buy anything, looking at maybe divesting one or two assets
“we're not we're not in any kind of mood to to buy anything. Uh in fact, we're looking at maybe divesting uh one or two assets still.”
Ross Beaty· 10 Dec 2025·

Timeline 19 statements

Timeline 17

Key takeaway. Equinox Gold management has laid out a series of milestones for its projects.

Read the full summary

At Castle Mountain, the company expects a record of decision by December 2026 with a construction decision by end of Q2 or Q3 of 2027, and production by end of 2029 or early 2030. At South Railroad, construction is targeted for completion by the end of 2027 with ramp-up in 2028. For Valentine, phase 2 construction is set to start in the second half of 2026 and last about 18 months. Management also noted that the deal between Caliber and Equinox closed on June 17th, and that the company produced a record 247,000 ounces in Q4 2025 and a little over 920,000 ounces for full-year 2025, with 2026 guided at 700,000 to 800,000 ounces.

What was actually said
milestone
South Railroad construction completed by the end of 2027
“So if we were to start in the middle of the year you'd expect it to be completed by the end of 2027.”
Ryan King· 11 Jun 2026·
milestone
South Railroad ramping up in 2028
“So sequentially that comes off uh and adds about 130,000 ounces a year of annual production starting around 2028.”
Ryan King· 11 Jun 2026·
milestone
Valentine phase 2 construction to start in the second half of this year lasting about 18 months
“we would expect to start that phase 2 construction in the second half of this year, which would last about 18 months through construction, maybe a little longer.”
Ryan King· 11 Jun 2026·
Show the other 14 statements
milestone
Castle Mountain production rate by end of 2029, early 2030
“I would anticipate Castle Mountain's going to be about a 2-year approximate build. So, you'd be hitting your production rate probably by the end of 2029, early 2030.”
Ryan King· 11 Jun 2026·
milestone
Castle Mountain record of decision by December of this year with construction decision by Q2, end of Q2, Q3 of 2027
“we're expecting a record of decision there by December of this year. And then the team will be working through county and state final permits and finishing up detailed engineering so that that project could be in a position for a a construction decision by say Q2, end of Q2, Q3 of 2027.”
Ryan King· 11 Jun 2026·
first production
record of gold production in 2025, a little over 920,000 ounces
“produced uh on a consolidated all asset basis a little over 920,000 ounces of gold in 2025”
Ryan King· 16 Jan 2026·
milestone
Greenstone produced about 29% more ounces in Q4 than Q3
“we have a a large asset in Northern Ontario called Greenstone which produced actually about 29% more ounces in Q4 than uh than Q3”
Ryan King· 16 Jan 2026·
milestone
Q4 we produced 247,000 ounces, record quarter
“Q4 we produced 247,000 ounces. So, that's a record quarter”
Ryan King· 16 Jan 2026·
permit timing
Q4 of this year, record of decision by probably call it Q4 of this year
“We're on track to get a record of decision by probably call it Q4 of this year”
Ryan King· 16 Jan 2026·
production
700 to 800,000 ounces of gold production in 2026
“we announced that we're going to produce somewhere between 700 and 800,000 ounces of gold production in uh in 2026”
Ryan King· 16 Jan 2026·
milestone
on the verge of producing a million ounces a year
“we have now built a company which is on the verge of producing a million ounces a year.”
Ross Beaty· 10 Dec 2025·
first production
tier one asset or a tier one jurisdictional asset into production by say 28, maybe 2028
“on another tier one asset or a tier one jurisdictional asset into production by say 28, maybe 2028.”
Ryan King· 10 Sep 2025·
first production
first gold pour by the end of September
“I believe that it could be sooner than that, but we anticipate first gold pour by the end of September”
Ryan King· 10 Sep 2025·
milestone
first ore going through the plant
“We're right at the finish line with Valentine. We've now started to have first ore going through the plant.”
Ryan King· 10 Sep 2025·
milestone
by the end of Q1 of 26 should be at name plate capacity
“we would anticipate that and we've foreshadowed this in the market that by the end of Q1 of 26 that should be at name plate capacity”
Ryan King· 10 Sep 2025·
milestone
announced commercial production at the end of last year
“we announced commercial production LA at the end of last year.”
Ryan King· 10 Sep 2025·
milestone
deal between Caliber and Equinox closed on June 17th
“The deal only closed between Caliber and Equinox on June 17th.”
Ryan King· 10 Sep 2025·

Catalysts 2

Key takeaway. Equinox Gold's management has outlined two near-term permitting catalysts.

Read the full summary

At Castle Mountain, they expect a Record of Decision by December of this year, while for the South Railroad complex in Nevada they anticipate the Record of Decision in July or August of this year, per a June 2026 update.

What was actually said
upcoming decision
Record of decision in July or August of this year for South Railroad complex in Nevada
“So there's anticipating uh a record of decision in July or August of this year which would as this as the team has advanced through detailed engineering a shovel ready project there in Nevada.”
Ryan King· 11 Jun 2026·
upcoming decision
Record of decision at Castle Mountain by December of this year
“we're expecting a record of decision there by December of this year.”
Ryan King· 11 Jun 2026·

Corporate 6 statements

Management 3

Key takeaway. Management has emphasised the experience of CEO Darren Hall.

Read the full summary

In January 2026 management noted Hall's 30-plus years at Numont. Separately in December 2025, Hall stated that Equinox began at the end of 2017 and that this is his last operating company in his career. An earlier September 2025 statement also cited Hall's 30 years of experience, referencing his tenure as CEO of Caliber and with Pneumon.

What was actually said
track record
Darren Hall, CEO, 30 plus years at Numont
“Darren Hall, the CEO, was 30 plus years at Numont”
Ryan King· 16 Jan 2026·
track record
started Equinox at end of 2017, this is my last operating company in my career
“I've been bullish on gold since we started Equinox back at the just at the end of 2017. Um, and and we started the company because we were bullish on gold.”
Ross Beaty· 10 Dec 2025·
track record
Darren Hall was CEO of Caliber, brings 30 years experience with Pneumon
“Darren Hall, who was CEO of Caliber, is now CEO of Equinox Gold. And Darren brings a tremendous amount of delivery experience, meaning operational experience, expertise, uh, over 30 years with Pneumon.”
Ryan King· 10 Sep 2025·

Share structure 2

Key takeaway. Regarding share structure, management noted that shares outstanding have increased 107% to 137% over the last year, mostly since the Caliber merger that closed at the end of June 2025.

Read the full summary

Looking ahead to the combined proforma business, management said in June 2026 that insiders and strategic owners like Pierre will own roughly a little over 10% of the entity.

What was actually said
insider stake
insiders and strategic owners like Pierre will own roughly a little over 10% of the combined proform business
“insiders and strategic owners like Pierre will be uh will own a roughly a little over 10% of the combined proform of business.”
Ryan King· 11 Jun 2026·
shares outstanding
Equinox up 107 to 137% over the last year, mostly since Caliber merger end of June
“Equinox is up whatever 107 >> 130 Yeah. 137% over the last year. Um and in fact, it's really uh to be specific, it's really been since we completed the Equinox Caliber merger uh at the end of June.”
Ross Beaty· 10 Dec 2025·

Market 1

What was actually said
cost curve position
Nevada assets 30 to 35,000 ounce a year production
“That's a 30,000 ounce year, 30 35,000 ounce a year asset.”
Ryan King· 10 Sep 2025·

Outside views 24 mentions

24 mentions by people who do not speak for the company — 13 constructive, 0 cautious, 6 neutral. These are their views, not the company's.

Don Durett
bullish
Trading at $8.62 and 'on sale'; path to 1.5-1.9M oz production; Ora deal closing September improves the story; cleaned-up balance sheet; potential 10-bagger plus
The Silver Market· 21 Jul 2026·
Rick Rule
bullish
In danger of upgrading from 4 to 3. Near-term headwind from ORA holders selling. Medium-term: Greenstone cash flow, tier-3 asset sales, potential tier-1 acquisition.
The Silver Market· 20 Jul 2026·
Don Durett
bullish
Highly undervalued after Orla merger created an extremely strong company — quality producer
The Silver Market· 18 Jul 2026·
Rick Rule
mixed
He is close to upgrading it and thinks the combined company could grow, but expects near-term selling to continue.
In it to Win it· 17 Jul 2026·
Show the other 20 mentions
Rick Rule
mixed
He is near an upgrade from four to three, but expects short-term selling pressure and notes recent mergers were tactical rather than synergistic.
Rule Investment Media· 16 Jul 2026·
Steve Barton
mixed
He is near an upgrade from four to three, but expects short-term selling pressure and notes recent mergers were tactical rather than synergistic.
Rule Investment Media· 16 Jul 2026·
Rick Rule
bullish
He cites the Equinox-Orla merger as a tactical, scale-driven combination.
Investing News· 15 Jul 2026·
Don Durett
bullish
High-quality producer, 'extremely strong' after Orla merger, highly undervalued.
Wise Metals Investor· 14 Jul 2026·
Rick Rule
neutral
Mentioned as the acquirer in the Orion deal.
MiningStockEducation.com· 16 Jun 2026·
Kyle Floyd
neutral
Named as the operator at Los Filos, which matters for the stream’s optionality.
Crux Investor· 15 Jun 2026·
Sam Pazuki
neutral
Used as a comparable major company with a mine on the same trend and a 5 million ounce deposit.
Proactive Investors· 10 Jun 2026·
Rick Rule
bullish
Rule says he moved it back to a five and expects it to digest Orla, sell non-core assets, and become a major producer.
The Bullion Brief· 09 Jun 2026·
Rick Rule
bullish
He says the merged company will be a larger North American major and that the share price should be substantially higher over time if gold holds or rises.
The Silver Market· 08 Jun 2026·
Rick Rule
bullish
He raises his rating to five and expects the company to digest Orla, sell non-core assets, and gain scale/index demand.
VRIC Media· 06 Jun 2026·
Rick Rule
bullish
He attributes the weakness to merger-arbitrage and says the combined company should be larger and stronger over time.
In it to Win it· 05 Jun 2026·
Steve Barton
bullish
He expects temporary merger-arbitrage pressure to fade as the combined company scales.
Rule Investment Media· 04 Jun 2026·
Rick Rule
bullish
He expects temporary merger-arbitrage pressure to fade as the combined company scales.
Rule Investment Media· 04 Jun 2026·
Rick Rule
bullish
He expects post-merger digestion to clear and for the larger company to appreciate over time.
Rule Investment Media· 03 Jun 2026·
Tavi Costa
neutral
Discussed as part of a merger with Orla; he views the combination as logical but not a pure synergy story.
Kitco NEWS· 03 Jun 2026·
Rick Rule
mixed
He cites its acquisitions as examples of tactical M&A and says digestion success will matter.
Mining Network· 03 Jun 2026·
Rick Rule
mixed
Mentioned in the context of the Orla merger and size-driven consolidation.
The Bullion Brief· 31 May 2026·
Rick Rule
neutral
Mentioned in the merger comparison as a size-driven transaction.
The Silver Market· 28 May 2026·
David Erfle
bullish
He says he bought the merger news and likes the combined company’s scale and valuation.
MiningStockEducation.com· 28 May 2026·
Daniel Henao
neutral
Referenced as a peer/operator in Nicaragua, not as a direct investment call.
Rule Investment Media· 27 May 2026·

Sources 11 interviews

Every interview 11

DateChannelInterviewStatements
03 Jul 2026 David Lin How High Can Gold Go? Why A ‘Major Debt Crisis’ Reckoning Is Inevitable | Ryan King No claims identified
13 Jun 2026 Jimmy Connor Ross Beaty on Investing and Lessons Learned | Jimmy Connor No claims identified
11 Jun 2026 The Deep Dive We’re in a New Era of Gold Price Discovery | Ryan King - Equinox Gold 15
10 May 2026 MiningStockEducation.com “We'll Have the Largest Silver Resources of Any Company on the Planet”: Ross Beaty on Lumina Metals No claims identified
17 Feb 2026 VRIC Media Take Profits Now: We’re in a Gold & Silver Bubble No claims identified
29 Jan 2026 Investing News Ross Beaty: Gold, Silver in "Bubble Territory," What Happens Next? No claims identified
16 Jan 2026 Crux Investor Equinox Gold (TSX:EQX) – How Asset Sales, Canadian Growth and Execution Drive Re-Rating Potential 20
10 Dec 2025 The Deep Dive Gold’s Next Move Is Political, Not Technical | Ross Beaty - Equinox Gold 8
10 Sep 2025 The Deep Dive 2026 Could Be Gold’s Biggest Year Yet!? | Ryan King - Equinox Gold 17
04 Sep 2025 Kitco NEWS Ross Beaty: 'Do Not Sell' This Rally, It's a 'Secular Breakout' No claims identified
30 Jul 2025 MarketBeat The $2.5B Merger No One Is Talking About No claims identified

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 8
silver 5
los filos 4
copper 4
greenstone 3
castle mountain 3
pan-american silver 3
gdxj 2

Questions people ask

What is Equinox Gold's project and where is it?

Equinox Gold is a producer gold company, with a project stated to be in California, United States. Everything here is drawn from its executives' own interviews.

Which interviews mention Equinox Gold?

We track 11 interviews mentioning Equinox Gold, across 9 channels (Crux Investor, David Lin, Investing News, Jimmy Connor, Kitco NEWS, MarketBeat…).

What are investors saying about Equinox Gold?

24 independent voices — people who do not speak for the company — are on record discussing it (13 bullish, 6 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Equinox Gold cover?

The most-discussed topics on record are timeline, the deposit, economics, financing — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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