- Equinox Gold press release ( NYSE: EQX ): Q4 Non-GAAP EPS of $0.02.
- Revenue of $259.3M (-32.0% Y/Y) misses by $0.35M .
- Produced 150,439 ounces of gold.
- Sold 149,386 ounces of gold at an average realized gold price of $1,733 per oz.
- Total cash costs of $1,223 per oz and AISC of $1,523 per oz.
- Cash flow from operations before changes in non-cash working capital of $80.0M.
- Adjusted EBITDA of $74.7M.
- Outlook: Provided 2023 production and cost guidance of 555,000 to 625,000 ounces of gold at cash costs of $1,355 to $1,460 per oz and AISC of $1,575 to $1,695 per oz .
- Provided 2023 sustaining and non-sustaining expenditure guidance of $460M.
- Approximately 55% of gold production and 85% of operating cash flow is weighted into the second half of the year. Assuming the Company achieves the mid-points of cost guidance, cash costs per oz in the first half of 2023 are expected to be $1,460 per oz, decreasing to $1,360 per oz in the second half of the year. Likewise, AISC in the first half of 2023 are expected to be $1,755 per oz, decreasing to $1,530 per oz in the second half of the year.
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Equinox Gold reports Q4 earnings; initiates FY23 guidance