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Equinox Gold: The Market Still Underestimates Their Ramp-Up

Seeking Alpha
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⚡ Quantum Brief
The gold miner projects 2026 production of 700,000–800,000 ounces at all-in sustaining costs of $1,775–$1,875 per ounce, driven by ramp-ups at Greenstone, Valentine, and Nicaragua operations. A recent $1.015 billion Brazilian asset sale enables $800 million debt repayment, strengthening the balance sheet while redirecting capital to high-margin North American projects. Management’s high insider ownership aligns with shareholder interests, reinforcing confidence in the company’s growth trajectory toward exceeding 1 million ounces annually by 2030. The firm maintains a "Buy" rating due to undervalued stock, robust production growth, and conservative gold price assumptions supporting long-term profitability. Analysts highlight strategic asset allocation and operational efficiency as key drivers, positioning the company as a standout in the gold mining sector.
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IWA Research2.32K FollowersFollow5ShareSavePlay(13min)CommentsSummaryEquinox Gold Corp. is rated Buy, with discounted valuation and robust long-term production growth, even under conservative gold price assumptions.EQX expects 2026 production of 700,000–800,000 ounces at AISC $1,775–$1,875, with major ramp-ups at Greenstone, Valentine, and Nicaragua.Recent Brazilian asset sale secures ~$1.015 billion, enabling ~$800 million debt repayment and focusing capital on high-quality North American growth projects.EQX management’s high insider ownership, strong balance sheet, and strategic asset allocation position EQX for a production of >1 million ounces by the end of the decade. alfexe/iStock via Getty Images Introduction The last time I covered Equinox Gold Corp. (EQX), I called them “One Of The Few Strong Buys Left In Gold Mining,” highlighting their robust fundamentals, significant near-term production growth, and attractive valuation. WithThis article was written byIWA Research2.32K FollowersFollowI've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AEM either through stock ownership, options, or other derivatives. 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.

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