2024-02-23 08:26:53 ET
Summary
- Equinox Gold achieved guidance but made little profit.
- Net debt of $733M is cause for concern as profit margin is slim.
- 2024 guidance is for company AISC to increase even though Greenstone enters production.
Equinox Gold (EQX) just released their full year 2023 earnings results. The company produced 564koz of gold in 2023, hitting the low end of guidance, which was 555-625koz at an AISC of $1575-$1695. AISC came in at $1622/oz for the year, hitting the mid-point of cost guidance....
Read the full article on Seeking Alpha
For further details see:
Equinox Gold Full Year Results: Costs Are Simply Too High