Equinox Gold Clears Clogged Gold Veins To Achieve Free Cash Flow
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Alberto Abaterusso6.87K FollowersFollow5ShareSavePlay(22min)CommentsSummaryEquinox Gold Corp. (EQX) is rated a Buy (re-affirmation) as portfolio restructuring and Brazilian asset sales position the company for improved free cash flow and lower costs.EQX's divestment from Brazil reduces exposure to high-cost operations and geopolitical risk, reallocating capital to Canadian assets like Valentine and Greenstone.Despite a temporary production dip, EQX expects cost reductions (downward correction in AISC) and strong free cash flow, even in a bearish gold price scenario.Proceeds from asset sales are earmarked for debt reduction, enhancing balance sheet strength and supporting future shareholder returns through buybacks or dividends. IherPhoto/iStock via Getty Images Buy Rating For Equinox Gold Corp. In line with the market sentiment triggered by the historic 65% year-to-date rise in Gold Spot Price (XAUUSD:CUR), which has resulted in the NYSE-listed shares of Equinox GoldThis article was written byAlberto Abaterusso6.87K FollowersFollowAlberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.