EQX has strong cash position to support development projects and aims to reduce debt

From Zacks Investment Research: 2025-06-27 08:44:00

Equinox Gold Corp. (EQX) reported $173M in cash and $65M in undrawn credit at the end of Q1 to support its development projects. The Greenstone mine is ramping up to target 390K ounces of gold annually. EQX plans to reduce debt in H2 2025. B2Gold Corp. (BTG) also ended Q1 with a strong financial position, holding $330M in cash and $800M available under a credit facility. Eldorado Gold Corporation (EGO) had $978M in cash and $241M in credit at the end of March. EQX stock has gained 17.7% YTD and trades at a 40.5% discount to the industry average with a Value Score of B.



Read more at Zacks Investment Research: EQX’s Solid Cash Base Fuels Project Progress: Can It Sustain the Pace? – June 27, 2025