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Equinox Gold Lifts 2026 Guidance After Orla Merger, Boosts Dividend 50%
['Jay Lutz']
the deep dive
Equinox Gold (TSX: EQX) reported revenue of $769.8 million for the second quarter and income from mine operations of $301.7 million, with net income of $230.6 million, or $0.29 per share.
Excluding those and other items, adjusted net income was $123.3 million, or $0.16 per share.
Cash flow from operations before working capital changes reached $272.0 million, and mine-site free cash flow was $223.7 million.
Following the Orla Mining merger, which closed July 31, the combined company reported a pro forma net cash position of $214 million and available liquidity of $1,214 million.
Equinox lifted 2026 production guidance to 870,000 to 920,000 ounces, reflecting five months of contribution from Orla’s Musselwhite mine in Canada and the Camino Rojo project in Mexico, with pro forma output of about 1.1 million ounces on a full-year basis.