Equinox Gold
Equinox Gold Corp. is a Vancouver-based senior gold producer operating four producing mines across Canada, the United States, and Nicaragua, plus two Nicaraguan complexes from the Calibre Mining merger, selling physical gold at market prices to refiners and ETFs.
- Company typePublic
- Founded2017
- HeadquartersVancouver, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Equinox Gold does
Equinox Gold Corp. is a Vancouver-headquartered, publicly traded gold producer (TSX and NYSE American: EQX) operating four producing mines in North America — Greenstone and Valentine in Canada, Castle Mountain and Mesquite in the United States — plus the suspended Los Filos complex in Mexico (restart underway in 2026) and the El Limon and La Libertad complexes in Nicaragua acquired through the Calibre Mining merger in June 2025. The company generates revenue by producing and selling physical gold at prevailing market prices to refiners, ETFs, and other commodity market participants; FY2025 revenue was $2.71 billion on record production of 922,827 ounces, with Q4 2025 realized gold price of $4,060 per ounce and 2026 guidance of 700,000 to 800,000 ounces excluding Los Filos restart volume.
The company has executed a deliberate portfolio refocusing strategy: divesting its Brazil operations to CMOC Group for $1.015 billion in January 2026 and Nevada assets to Minera Alamos for $115 million in October 2025, while acquiring Calibre Mining in June 2025 and announcing the all-share combination with Orla Mining in May 2026 (approximately $18.5 billion implied market capitalization, expected to close Q3 2026). Post-Orla, pro-forma annual production is approximately 1.1 million ounces across six mines with a stated growth pipeline to 1.9 million ounces. The technology stack is conventional for the industry — open-pit and underground mining, heap leach processing, and carbon-in-leach facilities — augmented by VRIFY's DORA AI-supported exploration software at Valentine for target generation. Net debt was reduced by over 93 percent from $1.4 billion in mid-2025 to approximately $75 million by January 2026, and the company projects approximately $1.4 billion in free cash flow in 2026, prompting the launch of an inaugural quarterly dividend and a normal course issuer bid in February 2026.
Equinox Gold firmographics
Firmographics- Name
- Equinox Gold
- Legal name
- Equinox Gold Corp.
- Website
- https://equinoxgold.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Equinox Gold Corp. is a Vancouver-based senior gold producer operating four producing mines across Canada, the United States, and Nicaragua, plus two Nicaraguan complexes from the Calibre Mining merger, selling physical gold at market prices to refiners and ETFs.
- Ownership category
- akta.pro rank
Equinox Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Equinox Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Equinox Gold business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Others
Revenue model
- Gold Production and Sales: Equinox Gold generates revenue through the production and sale of gold at market prices. The company operates multiple gold mines in Canada, USA, and Nicaragua, producing approximately 700,000-800,000 ounces annually (2026 guidance). Revenue is commodity price dependent with Q1 2026 revenue of $861.6 million and full-year 2025 revenue of $2.71 billion.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Equinox Gold product offering
Product offeringCore offering
Equinox Gold is a publicly traded Canadian gold mining company that produces and sells gold from a portfolio of operating mines and growth projects. The company operates four producing mines in Canada, the USA, and Nicaragua, with additional operations in Mexico and a pipeline of expansion projects. Following the Calibre Mining merger and pending Orla Mining combination, the company will operate six producing mines with a path to 1.9 million ounces of annual gold production.
Product overview
Equinox Gold is a Canadian gold mining company operating as a traditional mining producer rather than a technology platform. The company operates four producing mines in North America (Greenstone and Valentine in Canada, Castle Mountain and Mesquite in the USA) with international operations in Mexico (Los Filos) and Nicaragua (El Limon and La Libertad complexes). Following the June 2025 merger with Calibre Mining and the pending acquisition of Orla Mining, the company will operate six producing mines. The company's product offering centers on gold production, with a growth pipeline including Phase 2 expansions at Valentine and Castle Mountain, Los Filos expansion in Mexico, and South Railroad and Camino Rojo underground projects from Orla. Production guidance for 2026 is 700,000 to 800,000 ounces of gold from North American operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Greenstone Mine
Quantifiable outcome
- 922,827 ounces of gold produced in 2025, a record for the company
- +3 more outcomes
Companies that use Equinox Gold
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Equinox Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Equinox Gold partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core, flagship, major and minor.
- Los Filos Community Partners (Carrizalillo, Mezcala, and Xochipala)coreEquinox Gold signed 20-year land access agreements with all three communities (Carrizalillo, Mezcala, and Xochipala) hosting its Los Filos Mine in Guerrero, Mexico. These agreements enable the restart of heap leach operations and advance technical studies for potential expansion including a carbon-in-leach processing facility. The mine contains 5.4 million ounces of mineral reserves and 7.9 million ounces of measured and indicated mineral resources.
- Orla MiningflagshipEquinox Gold announced definitive arrangement agreement to acquire Orla Mining in an at-market all-share transaction valued at approximately $18.5 billion. Each Orla share will be exchanged for 1.00 Equinox Gold common share and $0.0001 in cash. The combined company will produce 1.1 million ounces annually with path to 1.9 million ounces. Existing Equinox shareholders will own approximately 67% and former Orla shareholders approximately 33%. Transaction expected to close Q3 2026 pending shareholder, court, and regulatory approvals.
- CMOC Group (China Molybdenum Company)majorEquinox Gold completed sale of its Brazil operations to CMOC Group subsidiary for $1.015 billion ($900 million cash + $115 million contingent payment due January 23, 2027). Assets included Aurizona Mine, RDM Mine, and Bahia Complex with approximately 5 million ounces of contained gold resources. Proceeds used to reduce debt by approximately $720 million.
- Minera AlamosminorEquinox Gold sold its 100% interest in Pan Mine, Gold Rock Project, and Illipah Project in Nevada to Minera Alamos Inc. for $115 million. The transaction was part of Equinox's portfolio optimization strategy to focus on core operations.
Scale indicators11 records
Recent moves10 records
Expansion highlights5 records
Equinox Gold competitors and assessment
Company assessmentDirect peers
- Newmont Corporation: The world's largest gold miner, producing ~5.5 Moz annually with operations across North and South America, Australia, and Africa. Directly comparable as a senior gold producer focused on Tier 1 jurisdictions, providing a benchmark for Equinox's post-Orla scale ambitions.
- Barrick Gold: One of the largest gold producers globally, with major operations in Nevada, the Dominican Republic, and Africa. Directly comparable as a senior gold producer with significant North American exposure and a similar focus on Tier 1 jurisdictions.
- Agnico Eagle Mines: A senior Canadian gold producer with operations primarily in Canada, Mexico, and Finland, producing ~3.4 Moz annually. Closely comparable as a North American-focused senior producer with strong free cash flow generation and dividend track record.
- Kinross Gold: A mid-tier gold producer with operations across the Americas and West Africa, producing ~2 Moz annually. Directly comparable mid-to-senior producer with similar geographic footprint and growth project pipeline.
- Alamos Gold: A Canadian intermediate gold producer with operations in Canada (Young-Davidson, Island Lake) and Mexico (Mulatos, Cerro Pelon). Directly comparable as a North American-focused intermediate producer with Mexican exposure.
- Eldorado Gold: A Canadian mid-tier gold producer with operations in Canada, Greece, and Turkey. Comparable as a mid-tier producer with similar Tier 1 jurisdiction focus and growth pipeline.
- IAMGOLD: A Canadian intermediate gold producer with operations in Canada, Burkina Faso, and Suriname, currently building Côté Lake. Comparable as a North American-listed gold producer with similar growth-stage asset profile.
- Centerra Gold: A Canadian mid-tier gold producer with operations in Canada, the USA, and Turkey, recently completing the Goldfields acquisition. Directly comparable as a North American-focused intermediate producer with growth project execution.
- Orla Mining: The announced acquisition target of Equinox Gold, operating the Camino Rojo mine in Mexico and developing the South Railroad project in Nevada. Becoming part of Equinox's portfolio, with overlapping North American asset focus and similar production growth trajectory.
- Hecla Mining: A North American precious metals producer with operations in the USA (Greens Creek, Lucky Friday, Casa Berardi) and Mexico (San Sebastián). Comparable as a North American-focused precious metals producer of similar intermediate scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Equinox Gold social profiles
Digital presenceEquinox Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Equinox Gold leadership team
Management profileNumber of profiles
Profiles9 records
Equinox Gold subsidiaries and ownership
Company hierarchySubsidiaries3 records
Equinox Gold funding detail
Funding detailFunding overview
Funding rounds9 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Equinox Gold M&A and investment
M&A and investmentM&A5 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Equinox Gold
What does Equinox Gold do?
Equinox Gold is a publicly traded Canadian gold mining company that produces and sells gold from a portfolio of operating mines and growth projects. The company operates four producing mines in Canada, the USA, and Nicaragua, with additional operations in Mexico and a pipeline of expansion projects. Following the Calibre Mining merger and pending Orla Mining combination, the company will operate six producing mines with a path to 1.9 million ounces of annual gold production.
Is Equinox Gold a public or private company?
Equinox Gold is a public company. It is classified as public and is currently operating.
When was Equinox Gold founded?
Equinox Gold was founded in 2017. It employs 1,001 to 5,000 people.
Where is Equinox Gold based?
Equinox Gold is headquartered in Vancouver, Canada, in the North America region.
How does Equinox Gold make money?
One revenue line is on record: gold Production and Sales.
Who are Equinox Gold's main competitors?
Direct peers on record are Newmont Corporation, Barrick Gold, Agnico Eagle Mines, Kinross Gold, Alamos Gold, Eldorado Gold, IAMGOLD, Centerra Gold, Orla Mining and Hecla Mining.
Does Equinox Gold have an API?
No public API is recorded for Equinox Gold.
What industry is Equinox Gold in?
Equinox Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.