Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (9190)	11/6/2024 11:42:50 AM
From: Sultan	Read Replies (1) \| Respond to of 10713

I still hold ARMN and EQX .. No plans to sell it for 12-18 months.. Gold was bound to pullback but nothing really has changed for holding gold.. Trump being the President does not really mean US is going to get religion and finances will be any kosher, as it were.. FWIW

To: sixty2nds who wrote (9190)	11/7/2024 12:59:34 PM
From: Sultan	2 Recommendations Recommended By sixty2nds Sun Tzu Read Replies (1) \| Respond to of 10713

Equinox Gold Third Quarter 2024 Financial and Operating Results Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce its third quarter 2024 summary financial and operating results. The Company’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2024 will be available for download on the Company’s profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on the Company’s website at www.equinoxgold.com. The Company will host a conference call and webcast on November 7, 2024 commencing at 7:30 am Pacific Time to discuss third quarter results and activities underway at the Company. Further details are provided at the end of this news release. Greg Smith, President and CEO of Equinox Gold, commented: “This was a record quarter for Equinox Gold, with our best-ever third-quarter production and all-time highest quarterly revenue and adjusted EBITDA, reflecting the ongoing ramp-up at our Greenstone Mine and strong gold prices. During Q3, the Greenstone Mine demonstrated good progress, with both mining and processing rates increasing substantially. Subsequent to quarter-end, mining and milling rates have continued to increase and we were pleased to declare commercial production at Greenstone earlier today. The team remains focused on continuing this momentum through the fourth quarter as the mine progresses toward design capacity. “In early October we updated our production expectations for Greenstone to reflect ramp-up progress to date, resulting in 2024 consolidated production guidance of 590,000 to 675,000 ounces of gold. With our highest quarterly production this year expected in Q4, we look forward to ending the year strongly and applying our increasing cash flow to pay down debt.” HIGHLIGHTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024 Operational Produced 173,983 ounces of gold Sold 173,973 ounces of gold at an average realized gold price of $2,461 per oz Total cash costs of $1,720 per oz and AISC of $1,994 per oz(1) Two lost-time injuries; total recordable injury frequency rate(2) of 1.79 per million hours worked for the 12-month rolling period (1.78 for the Quarter) Earnings Income from mine operations of $101.4 million Net income of $0.3 million or $0.00 per share (basic) Adjusted net income of $37.4 million or $0.09 per share(1) (basic) Financial Cash flow provided by operations before changes in non-cash working capital of $130.1 million (cash flow provided by operations of $139.5 million after changes in non-cash working capital) Adjusted EBITDA of $141.9 million(1) Sustaining expenditures(1) of $35.7 million and non-sustaining expenditures of $81.5 million Cash and cash equivalents (unrestricted) of $167.8 million at September 30, 2024 Net debt(1) of $1,314.7 million at September 30, 2024 October 2024, $140 million 2019 convertible notes converted to shares on maturity to reduce net debt Corporate Greenstone ceremonial mine opening in late August “Ride to Greenstone” fundraiser, an Equinox Gold employee cycling relay from Vancouver, BC to Geraldton, ON, raised C$1.3 million for the Geraldton District Hospital Exploration Released an updated Mineral Resource Estimate for the exploration-stage Hasaga Property in Red Lake, ON RECENT DEVELOPMENTS During October 2024, Equinox Gold: Issued an updated technical report for Greenstone, which is available for download on the Company’s website, on SEDAR+ and on EDGAR Filed a short form base shelf prospectus, replacing the expiring one, that permits the issuance of the Company’s securities over a period of 25 months in Canada and the United States Issued 26.6 million common shares on conversion by noteholders of the $140 million 2019 convertible notes Provided an update on Greenstone ramp-up progress and adjusted Greenstone 2024 production and cost guidance to 110,000-130,000 ounces of gold with cash costs of $850-$950/oz and AISC of $1,050-$1,150/oz Amended certain gold prepay agreements to defer deliveries of 3,900 ounces per month originally scheduled for October 2024-February 2025 to May-September 2026 Announced on November 6, 2024, that Greenstone has reached commercial production based on the operating progress achieved through October Note: Very detailed breakdown here equinoxgold.com