This compared with annual guidance of 590,000 to 675,000 ounces from its seven operating gold mines in Canada, the US, Mexico, and Brazil.
Shares of Equinox were up 6.5% at 11 am EDT, giving the company a market capitalization of CAD $4 billion ($2.8 billion).
The company ended the year with $240 million in cash and cash equivalents. During the fourth quarter, Equinox reduced its debt by $180 million.
Equinox CEO Greg Smith attributed the company’s growth primarily to the Greenstone mine in Ontario.
“2024 was a pivotal year for Equinox Gold, defined by our success at Greenstone. We consolidated 100% ownership of the mine, achieved commercial production, and produced more than 111,700 ounces of gold in the first, partial year of operations at Greenstone,” said Smith.
At full production, Greenstone will be one of Canada’s largest and highest-grade open-pit gold mines, producing 390,000 oz. per year on…
