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Equinox Gold Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 1.8B 912.8M 1.1B 952.2M 1.1B
Operating Revenue 1.8B 912.8M 1.1B 952.2M 1.1B
Cost Of Revenue 1.2B 708.6M 979.2M 868.3M 851.7M
Gross Profit 642.1M 204.2M 109.0M 83.9M 230.6M
Selling General And Administration 103.9M 50.3M 45.2M 45.6M 51.3M
General And Administrative Expense 103.9M 50.3M 45.2M 45.6M 51.3M
Depreciation And Amortization In Income Statement -- 2.1M 1.1M 1.0M 1.2M
Other Operating Expenses 10.9M 1.6M 11.7M 18.4M 16.3M
Operating Expense 209.8M 52.5M 73.2M 74.0M 84.1M
Operating Income 432.3M 151.7M 35.8M 9.9M 146.5M
EBIT 310.7M 624.6M 75.0M -58.1M 576.6M
Interest Expense 179.3M 91.3M 60.2M 40.4M 41.6M
Interest Expense Non Operating 179.3M 91.3M 60.2M 40.4M 41.6M
Interest Income 10.9M 7.1M 11.7M 5.6M 2.8M
Interest Income Non Operating 10.9M 7.1M 11.7M 5.6M 2.8M
Net Interest Income -168.3M -84.2M -48.5M -34.7M -38.7M
Other Income Expense -132.6M 465.8M 27.5M -73.6M 427.3M
Other Non Operating Income Expenses -760,000 7.0M -16.1M -691,000 -22.4M
Special Income Charges -36.1M 562.0M 27.1M -7.3M 164.7M
Restructuring And Mergern Acquisition 49.1M -556.6M 3.0M 0.00 -81.4M
Write Off -- -- 13.8M 446,000 7.0M
Gain On Sale Of Security -95.8M -103.1M 34.0M -59.5M 284.2M
Earnings From Equity Interest -- 6.3M -17.5M -6.2M 735,000
Pretax Income 131.4M 533.3M 14.8M -98.4M 535.0M
Tax Provision 150.2M 273.0M -14.1M 7.6M -19.9M
Tax Effect Of Unusual Items -19.8M 68.8M 24.4M -17.5M 119.0M
Net Income From Continuing And Discontinued Operation 221.5M 339.3M 28.9M -106.0M 554.9M
Net Income From Continuing Operation Net Minority Interest -18.9M 260.3M 28.9M -106.0M 554.9M
Net Income Including Noncontrolling Interests 221.5M 339.3M 28.9M -106.0M 554.9M
Net Income Common Stockholders 221.5M 339.3M 28.9M -106.0M 554.9M
Net Income 221.5M 339.3M 28.9M -106.0M 554.9M
EBITDA 828.2M 847.2M 291.1M 130.8M 774.7M
Normalized EBITDA 960.0M 388.4M 230.0M 197.5M 325.8M
Reconciled Depreciation 517.5M 222.6M 216.1M 188.8M 198.1M
Basic EPS 0.35 0.85 0.09 -0.35 1.95
Diluted EPS 0.35 0.75 0.09 -0.35 1.69
Basic Average Shares 630.3M 400.1M 312.8M 304.0M 284.9M
Diluted Average Shares 630.3M 473.5M 316.3M 304.0M 333.7M
Total Unusual Items -131.9M 458.8M 61.1M -66.7M 448.9M
Total Unusual Items Excluding Goodwill -131.9M 458.8M 61.1M -66.7M 448.9M
Tax Rate For Calcs 0.15 0.15 0.40 0.26 0.27
Normalized Income 93.2M -129.7M -7.8M -56.8M 224.9M
Average Dilution Earnings -- 18.2M 0.00 0.00 8.6M
Depreciation Amortization Depletion Income Statement -- 2.1M 1.1M 1.0M 1.2M
Depreciation Income Statement -- 2.1M 1.1M 1.0M 1.2M
Diluted NI Availto Com Stockholders 221.5M 339.3M 28.9M -106.0M 563.5M
Gain On Sale Of Business -- 0.00 34.5M -7.0M 95.7M
Gain On Sale Of Ppe -- -- -328,000 -5.2M -12.4M
Net Income Continuous Operations -18.9M 260.3M 28.9M -106.0M 554.9M
Net Income Discontinuous Operations 240.3M 79.0M -- -- --
Net Non Operating Interest Income Expense -168.3M -84.2M -48.5M -34.7M -38.7M
Other Gand A 38.3M 21.5M 17.7M 24.0M 25.5M
Other Special Charges -13.0M -5.4M 4.3M -5.0M -186.1M
Provision For Doubtful Accounts -- -31,000 13.8M 446,000 7.0M
Reconciled Cost Of Revenue 1.2B 708.6M 764.2M 868.3M 654.8M
Salaries And Wages 65.6M 28.7M 27.5M 21.7M 25.8M
Total Expenses 1.4B 761.1M 1.1B 942.2M 935.8M
Total Operating Income As Reported 432.3M 151.7M 49.6M 10.4M 146.5M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 407.4M 239.3M 192.0M 200.8M 305.5M
Cash Cash Equivalents And Short Term Investments 570.0M 245.5M 284.7M 237.6M 546.0M
Other Short Term Investments 162.7M 6.1M 92.7M 36.9M 240.5M
Accounts Receivable 7.1M 3.9M 9.9M 8.2M 14.2M
Receivables 65.5M 70.0M 82.3M 76.1M 50.3M
Inventory 369.8M 417.5M 412.0M 265.1M 201.6M
Prepaid Assets 26.4M 44.5M 35.1M -- 33.5M
Other Current Assets 10.6M 6.5M 2.1M 40.0M 33.5M
Current Assets 2.0B 784.1M 834.0M 655.1M 1.2B
Gross PPE 8.8B 6.5B 4.0B 3.3B 2.8B
Accumulated Depreciation -840.0M -921.8M -761.8M -505.3M -296.6M
Net PPE 7.9B 5.6B 3.2B 2.8B 2.5B
Investments And Advances 0.00 32.3M 29.3M 153.1M 127.6M
Long Term Equity Investment -- 0.00 29.3M 150.8M 125.3M
Other Non Current Assets 635.8M 292.4M 222.9M 167.4M 148.6M
Total Non Current Assets 8.6B 5.9B 3.5B 3.2B 2.8B
Total Assets 10.5B 6.7B 4.4B 3.9B 4.0B
Current Debt 181.3M 135.6M 138.6M -- 26.7M
Current Debt And Capital Lease Obligation 181.3M 135.6M 138.6M -- 26.7M
Accounts Payable 104.5M 128.5M 112.8M 122.5M 109.3M
Payables 265.9M 155.9M 128.6M 136.3M 114.9M
Payables And Accrued Expenses 455.5M 268.4M 246.5M 239.8M 190.1M
Current Accrued Expenses 189.6M 112.6M 117.9M 103.5M 75.2M
Current Deferred Revenue 127.6M 116.3M 39.6M 0.00 --
Other Current Liabilities 497.5M 168.7M 54.9M 31.9M 185.8M
Current Liabilities 1.3B 689.1M 479.6M 271.7M 402.6M
Long Term Debt 1.4B 1.2B 786.4M 828.0M 514.0M
Long Term Debt And Capital Lease Obligation 1.4B 1.3B 806.8M 842.1M 541.0M
Long Term Capital Lease Obligation 73.7M 60.5M 20.4M 14.1M 26.9M
Other Non Current Liabilities 151.0M 92.9M 40.3M 13.8M 10.6M
Total Non Current Liabilities Net Minority Interest 3.5B 2.6B 1.4B 1.2B 979.5M
Total Liabilities Net Minority Interest 4.7B 3.3B 1.9B 1.5B 1.4B
Common Stock 4.9B 2.8B 2.1B 2.0B 2.0B
Capital Stock 4.9B 2.8B 2.1B 2.0B 2.0B
Retained Earnings 820.0M 613.7M 348.5M 326.3M 446.6M
Gains Losses Not Affecting Retained Earnings 100.6M -14.9M 8.3M -10.5M 132.0M
Other Equity Adjustments 100.6M -14.9M 8.3M -10.5M 132.0M
Common Stock Equity 5.8B 3.4B 2.4B 2.4B 2.6B
Stockholders Equity 5.8B 3.4B 2.4B 2.4B 2.6B
Total Equity Gross Minority Interest 5.8B 3.4B 2.4B 2.4B 2.6B
Total Capitalization 7.2B 4.6B 3.2B 3.2B 3.1B
Net Tangible Assets 5.8B 3.4B 2.4B 2.4B 2.6B
Tangible Book Value 5.8B 3.4B 2.4B 2.4B 2.6B
Working Capital 708.6M 95.0M 354.4M 383.4M 760.7M
Invested Capital 7.3B 4.7B 3.4B 3.2B 3.1B
Total Debt 1.6B 1.4B 945.4M 842.1M 567.6M
Net Debt 1.1B 1.1B 733.0M 627.3M 235.2M
Share Issued 785.6M 455.2M 318.0M 307.4M 301.3M
Ordinary Shares Number 785.6M 455.2M 318.0M 307.4M 301.3M
Assets Held For Sale Current 928.3M 0.00 -- 0.00 207.5M
Available For Sale Securities -- 32.3M -- -- --
Capital Lease Obligations 73.7M 60.5M 20.4M 14.1M 26.9M
Construction In Progress 39.6M 212.3M 746.1M 382.3M 177.9M
Current Deferred Liabilities 127.6M 116.3M 39.6M 0.00 --
Derivative Product Liabilities 46.7M 46.4M 11.1M 8.8M 7.2M
Employee Benefits 26.6M 11.7M 3.0M 1.5M 1.4M
Financial Assets -- 81,000 496,000 525,000 218,000
Financial Assets Designatedas Fair Value Through Profitor Loss Total -- -- 0.00 2.3M 2.3M
Hedging Assets Current -- 0.00 17.7M 36.2M 124.2M
Income Tax Payable 153.1M 10.1M 6.4M 9.4M 5.6M
Interest Payable -- -- -- -- 0.00
Investmentin Financial Assets 0.00 32.3M 0.00 2.3M 2.3M
Investmentsin Associatesat Cost -- 0.00 29.3M 150.8M 125.3M
Long Term Provisions 229.8M 136.6M 127.9M 95.5M 95.6M
Machinery Furniture Equipment 2.5B 1.9B 971.9M 820.5M 666.2M
Non Current Accounts Receivable -- 8.6M 13.4M 39.8M 19.2M
Non Current Deferred Assets 0.00 2.3M 0.00 0.00 10.6M
Non Current Deferred Liabilities 1.6B 1.1B 439.2M 271.2M 323.8M
Non Current Deferred Revenue 165.1M 266.7M 194.5M 0.00 --
Non Current Deferred Taxes Assets 0.00 2.3M 0.00 0.00 10.6M
Non Current Deferred Taxes Liabilities 1.4B 800.0M 244.7M 271.2M 323.8M
Non Current Note Receivables 18.8M 29.1M 25.2M 0.00 --
Non Current Pension And Other Postretirement Benefit Plans 19.3M 6.3M -- -- --
Other Current Borrowings 181.3M 135.6M 138.6M -- 26.7M
Other Receivables 17.0M 19.0M 9.6M 18.1M 3.4M
Taxes Receivable 41.4M 47.1M 62.8M 49.8M 32.7M
Total Tax Payable 161.4M 27.4M 15.8M 13.8M 5.6M
Treasury Shares Number -- -- 0.00 -- --
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 818.3M 372.2M 358.5M 56.5M 320.8M
Cash Flow From Continuing Operating Activities 818.3M 372.2M 358.5M 56.5M 320.8M
Depreciation Amortization Depletion 517.5M 222.6M 216.1M 188.8M 198.1M
Stock Based Compensation -- -- -- -- 7.3M
Deferred Tax 191.1M 290.8M -14.1M 7.6M -19.9M
Deferred Income Tax 191.1M 290.8M -14.1M 7.6M -19.9M
Change In Working Capital -96.8M -58.0M -169.0M -87.8M 56.7M
Change In Receivables 13.3M 7.0M -27.1M -14.4M -3.8M
Change In Inventory -157.8M -72.4M -165.7M -69.6M 20.2M
Change In Payables And Accrued Expense 29.9M 18.7M 20.1M 1.1M 37.4M
Change In Payable 29.9M 18.7M 20.1M 1.1M --
Change In Other Current Liabilities -- -- -- 3.8M 0.00
Other Non Cash Items -20.9M -504.8M 335.5M -9.3M -1.0M
Capital Expenditure -692.3M -412.1M -523.3M -557.1M -344.2M
Purchase Of PPE -- -- -- -557.1M -344.2M
Net PPE Purchase And Sale -- -- -- -557.1M -344.2M
Purchase Of Business 0.00 -744.1M 0.00 -3.3M -91.8M
Sale Of Business 193.1M 0.00 22.8M 0.00 8.3M
Purchase Of Investment -40.0M 0.00 -8.9M -7.4M 0.00
Sale Of Investment 3.0M 48.2M 53.4M 92.0M 0.00
Net Investment Purchase And Sale -37.0M 48.2M 44.4M 84.6M 0.00
Investing Cash Flow -458.7M -1.1B -462.7M -419.0M -347.6M
Cash Flow From Continuing Investing Activities -458.7M -1.1B -462.7M -419.0M -347.6M
Issuance Of Debt 85.0M 560.0M 426.2M 299.8M 0.00
Repayment Of Debt -146.2M -36.8M -329.5M -37.2M -55.3M
Net Issuance Payments Of Debt -61.2M 523.2M 96.7M 262.6M -55.3M
Issuance Of Capital Stock 0.00 335.6M 40.8M 7.2M 59.5M
Net Common Stock Issuance 0.00 335.6M 40.8M 7.2M 59.5M
Financing Cash Flow -171.9M 792.5M 92.5M 254.3M -1.6M
Cash Flow From Continuing Financing Activities -171.9M 792.5M 92.5M 254.3M -1.6M
Effect Of Exchange Rate Changes 2.9M -5.6M 2.9M -1.1M -6.5M
Changes In Cash 187.8M 52.9M -11.7M -108.2M -28.4M
Beginning Cash Position 239.3M 192.0M 200.8M 310.1M 344.9M
End Cash Position 430.0M 239.3M 192.0M 200.8M 310.1M
Free Cash Flow 126.0M -39.9M -164.8M -500.6M -23.4M
Asset Impairment Charge -- -31,000 13.8M 0.00 -81.4M
Capital Expenditure Reported -692.3M -412.1M -523.3M -557.1M --
Cash Dividends Paid 0.00 0.00 0.00 0.00 0.00
Change In Account Payable 29.9M 18.7M 20.1M 1.1M --
Change In Prepaid Assets 17.8M -11.3M 3.7M -4.9M 2.8M
Common Stock Issuance 0.00 335.6M 40.8M 7.2M 59.5M
Earnings Losses From Equity Investments -- -702,000 17.5M 6.2M -186.1M
Gain Loss On Investment Securities 114.0M 123.3M -31.6M 53.8M -90.6M
Gain Loss On Sale Of Business -- 0.00 -34.5M 0.00 --
Interest Paid Cff -132.6M -112.6M -65.9M -33.6M -22.1M
Long Term Debt Issuance 85.0M 560.0M 426.2M 299.8M 0.00
Long Term Debt Payments -121.4M -29.5M -329.5M -37.2M -55.3M
Net Business Purchase And Sale 193.1M -744.1M 22.8M -3.3M -83.5M
Net Foreign Currency Exchange Gain Loss 21.1M -21.4M 9.4M 12.6M -3.0M
Net Income From Continuing Operations 221.5M 339.3M 28.9M -106.0M 554.9M
Net Long Term Debt Issuance -36.4M 530.5M 96.7M 262.6M -55.3M
Net Other Financing Charges 21.9M 46.4M 17.4M 6.6M -1.3M
Net Other Investing Changes 77.5M -3.7M -6.7M 56.8M 80.2M
Net Short Term Debt Issuance -24.9M -7.3M 253.7M 299.8M 0.00
Operating Gains Losses 135.1M 101.9M -39.1M 84.9M -361.6M
Proceeds From Stock Option Exercised -- 2.5M 3.5M 11.5M 17.7M
Provisionand Write Offof Assets -- -- 13.8M 446,000 --
Short Term Debt Issuance -- -- 253.7M 299.8M 0.00
Short Term Debt Payments -24.9M -7.3M -- -- --
Taxes Refund Paid -129.2M -19.6M -13.6M -22.1M -24.9M
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