← Equinox Gold Corp.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Net income for the year | ($66.9m) | ($20.3m) | $20.7m | $554.9m | ($106.0m) | $28.9m | $339.3m | $221.5m | |
| Share of net income related to joint venture | — | — | — | — | ($46.5m) | ($31.7m) | ($2.4m) | $0 | |
| Net Income | — | — | — | — | ($106.0m) | $28.9m | $339.3m | $221.5m | |
| Net Income From Continuing Operations | — | — | — | — | ($106.0m) | $28.9m | $339.3m | $221.5m | |
| Depreciation and depletion | $4.8m | $39.1m | $151.9m | $198.1m | $188.8m | $216.1m | $222.6m | $517.5m | |
| Amortization of deferred revenue | — | — | — | — | — | — | ($14.3m) | ($158.1m) | |
| Depreciation Amortization Depletion | — | — | — | — | $188.8m | $216.1m | $222.6m | $517.5m | |
| Deferred income tax expense | — | — | — | — | — | — | $0 | $23.0m | |
| Deferred Income Tax | — | — | — | — | $7.6m | ($14.1m) | $290.8m | $191.1m | |
| Deferred Tax | — | — | — | — | $7.6m | ($14.1m) | $290.8m | $191.1m | |
| Share-based compensation | — | $1.8m | $2.2m | $3.2m | $1.6m | $6.2m | $6.9m | $10.3m | |
| Impairment of exploration and evaluation assets | — | — | — | $0 | $1.6m | $0 | — | — | |
| Impairment reversal on investment in joint venture | — | — | $0 | $7.6m | ($7.6m) | $0 | — | — | |
| Asset Impairment Charge | — | — | — | ($81.4m) | $0 | $13.8m | ($31k) | — | |
| Income tax expense | $2.3m | $7.1m | $20.8m | ($19.9m) | $7.6m | ($14.1m) | $290.8m | $191.1m | |
| Gain on derecognition of equity investment in joint venture | — | — | — | — | — | $0 | ($1.4m) | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | — | ($186.1m) | $6.2m | $17.5m | ($702k) | — | |
| Operating cash flow before changes in non-cash working capital | — | $76.1m | $231.7m | $264.1m | $144.3m | $527.5m | $430.2m | $915.1m | |
| Changes in non-cash working capital | — | ($3.8m) | ($15.2m) | $56.7m | ($87.8m) | ($169.0m) | ($58.0m) | ($96.8m) | |
| Finance expense | $6.9m | $17.5m | $39.8m | $41.6m | $40.4m | $60.2m | $95.4m | $185.7m | |
| Change in fair value of derivatives | ($19.0m) | $38.2m | $29.9m | ($90.6m) | $53.8m | ($31.6m) | $123.3m | $114.0m | |
| Settlements of derivatives | — | — | ($35.8m) | ($46.3m) | ($31.8m) | $33.7m | ($13.9m) | ($85.1m) | |
| Unrealized foreign exchange loss (gain) | $6.4m | ($685k) | ($4.8m) | ($3.0m) | $12.6m | $9.4m | ($21.4m) | $21.1m | |
| Gain on remeasurement of previously held interest in the Greenstone Mine | — | — | — | — | — | $0 | ($579.8m) | $0 | |
| Other | $6.6m | $870k | ($5.7m) | ($10.3m) | $1.2m | ($6.7m) | ($3.7m) | ($5.7m) | |
| Cash provided by (used in) operating activities | ($23.0m) | $59.7m | $216.5m | $320.8m | $56.5m | $358.5m | $372.2m | $818.3m | |
| Expenditures on mineral properties, plant and equipment | ($103.0m) | ($97.6m) | ($172.9m) | ($344.2m) | ($557.1m) | ($523.3m) | ($412.1m) | ($692.3m) | |
| Cash acquired on acquisition of Calibre Mining Corp. | — | — | — | — | — | — | $0 | $193.1m | |
| Investment in Calibre Mining Corp. | — | — | — | — | — | — | $0 | ($40.0m) | |
| Net proceeds on disposal of assets | — | $784k | $6.5m | $90.5m | $55.6m | $0 | $0 | $83.2m | |
| Proceeds from dispositions of marketable securities | — | — | — | — | $92.0m | $53.4m | $48.2m | $3.0m | |
| Acquisition of Greenstone Mine | ($144.3m) | ($12.5m) | $55.3m | $8.3m | — | $0 | ($744.1m) | $0 | |
| Cash provided by (used in) investing activities | ($240.7m) | ($111.3m) | ($129.3m) | ($347.6m) | ($419.0m) | ($462.7m) | ($1.1b) | ($458.7m) | |
| Drawdowns on credit facility | $192.0m | $189.7m | $519.0m | $0 | $299.8m | $253.7m | $560.0m | $85.0m | |
| Repayments of loans and borrowings | — | ($136.9m) | ($546.3m) | ($31.0m) | ($13.3m) | ($293.0m) | $0 | ($81.5m) | |
| Lease payments | — | ($438k) | ($6.7m) | ($24.3m) | ($23.8m) | ($34.7m) | ($29.5m) | ($39.9m) | |
| Net proceeds from shares issued in public offerings | — | — | $42.8m | $59.5m | $7.2m | $40.8m | $335.6m | $0 | |
| Transaction costs and other | $691k | $240k | $960k | ($1.3m) | ($3.0m) | ($8.5m) | ($13.5m) | $313k | |
| Cash provided by (used in) financing activities | $268.3m | $57.0m | $190.1m | ($1.6m) | $254.3m | $92.5m | $792.5m | ($171.9m) | |
| Transaction costs | — | — | — | — | — | $0 | $2.5m | $0 | |
| Finance income | — | ($871k) | ($8.3m) | ($257k) | ($1.0m) | ($6.3m) | ($5.9m) | ($6.1m) | |
| Unrealized loss on gold hedge derivative instruments | — | — | — | — | — | — | $13.6m | $74.6m | |
| Deferred consideration paid | — | — | — | — | — | — | $0 | ($25.0m) | |
| Transaction costs paid | — | — | — | — | — | $0 | ($2.5m) | $0 | |
| Redemption of preferred shares in joint venture | — | $10.0m | $37.5m | $5.0m | $0 | $0 | $25.0m | $0 | |
| Interest received | — | $210k | $506k | $407k | $1.0m | $2.9m | $4.7m | $3.4m | |
| Purchase of other assets | — | — | — | — | — | $0 | ($2.0m) | ($460k) | |
| Revolving credit facility related costs | — | — | — | — | — | — | $0 | ($3.5m) | |
| Shares issued for cash on exercise of stock options | — | $332k | $1.9m | $569k | $0 | $19k | $2.8m | $2.1m | |
| Share issuance costs | — | — | — | — | — | $0 | ($41k) | $0 | |
| Acquisition of 45% interest in joint venture from Gold Fields | — | — | — | — | — | $0 | ($65.0m) | — | |
| Share of net loss (earnings) related to joint venture | — | $126.3m | ($59.2m) | $51.5m | ($46.5m) | — | — | — | |
| Acquisition of exploration and evaluation as sets, net of cash acquired | — | — | $0 | ($1.5m) | $0 | — | — | — | |
| Shares repurchased under normal course issuer bid | — | ($958k) | ($2.3m) | $0 | — | — | — | — | |
| Gold Fields investment in joint venture | — | ($20.0m) | $0 | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | $310.1m | $200.8m | $192.0m | $239.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | $254.3m | $92.5m | $792.5m | ($171.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($419.0m) | ($462.7m) | ($1.1b) | ($458.7m) | |
| Change In Account Payable | — | — | — | — | $1.1m | $20.1m | $18.7m | $29.9m | |
| Change In Inventory | — | — | — | — | ($69.6m) | ($165.7m) | ($72.4m) | ($157.8m) | |
| Change In Other Current Liabilities | — | — | — | $0 | $3.8m | — | — | — | |
| Change In Payable | — | — | — | — | $1.1m | $20.1m | $18.7m | $29.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | $1.1m | $20.1m | $18.7m | $29.9m | |
| Change In Prepaid Assets | — | — | — | — | ($4.9m) | $3.7m | ($11.3m) | $17.8m | |
| Change In Receivables | — | — | — | — | ($14.4m) | ($27.1m) | $7.0m | $13.3m | |
| Change In Working Capital | — | — | — | — | ($87.8m) | ($169.0m) | ($58.0m) | ($96.8m) | |
| Changes In Cash | — | — | — | — | ($108.2m) | ($11.7m) | $52.9m | $187.8m | |
| End Cash Position | — | — | — | — | $200.8m | $192.0m | $239.3m | $430.0m | |
| Financing Cash Flow | — | — | — | — | $254.3m | $92.5m | $792.5m | ($171.9m) | |
| Free Cash Flow | — | — | — | — | ($500.6m) | ($164.8m) | ($39.9m) | $126.0m | |
| Gain Loss On Investment Securities | — | — | — | — | $53.8m | ($31.6m) | $123.3m | $114.0m | |
| Gain Loss On Sale Of Business | — | — | — | — | $0 | ($34.5m) | $0 | — | |
| Investing Cash Flow | — | — | — | — | ($419.0m) | ($462.7m) | ($1.1b) | ($458.7m) | |
| Issuance Of Capital Stock | — | — | — | — | $7.2m | $40.8m | $335.6m | $0 | |
| Net Business Purchase And Sale | — | — | — | — | ($3.3m) | $22.8m | ($744.1m) | $193.1m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | $12.6m | $9.4m | ($21.4m) | $21.1m | |
| Net PPE Purchase And Sale | — | — | — | ($344.2m) | ($557.1m) | — | — | — | |
| Operating Gains Losses | — | — | — | — | $84.9m | ($39.1m) | $101.9m | $135.1m | |
| Other Non Cash Items | — | — | — | — | ($9.3m) | $335.5m | ($504.8m) | ($20.9m) | |
| Proceeds From Stock Option Exercised | — | — | — | $17.7m | $11.5m | $3.5m | $2.5m | — | |
| Provisionand Write Offof Assets | — | — | — | — | $446k | $13.8m | — | — | |
| Purchase Of Business | — | — | — | — | ($3.3m) | $0 | ($744.1m) | $0 | |
| Purchase Of PPE | — | $97.6m | $172.9m | ($344.2m) | ($557.1m) | $523.3m | $412.1m | $692.3m | |
| Sale Of Business | — | — | — | — | $0 | $22.8m | $0 | $193.1m | |
| Capital Expenditure | — | — | — | — | ($557.1m) | ($523.3m) | ($412.1m) | ($692.3m) | |
| Capital Expenditure Reported | — | — | — | — | ($557.1m) | ($523.3m) | ($412.1m) | ($692.3m) | |
| Net Investment Purchase And Sale | — | — | — | — | $84.6m | $44.4m | $48.2m | ($37.0m) | |
| Purchase Of Investment | — | — | — | — | ($7.4m) | ($8.9m) | $0 | ($40.0m) | |
| Sale Of Investment | — | — | — | — | $92.0m | $53.4m | $48.2m | $3.0m | |
| Net Other Investing Changes | — | — | — | — | $56.8m | ($6.7m) | ($3.7m) | $77.5m | |
| Issuance Of Debt | — | — | — | — | $299.8m | $426.2m | $560.0m | $85.0m | |
| Long Term Debt Issuance | — | — | — | — | $299.8m | $426.2m | $560.0m | $85.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | $262.6m | $96.7m | $523.2m | ($61.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | $262.6m | $96.7m | $523.2m | ($61.2m) | |
| Net Short Term Debt Issuance | — | — | — | — | $299.8m | $253.7m | ($7.3m) | ($24.9m) | |
| Short Term Debt Issuance | — | — | — | $0 | $299.8m | $253.7m | — | — | |
| Long Term Debt Payments | — | — | — | — | ($37.2m) | ($329.5m) | ($36.8m) | ($146.2m) | |
| Repayment Of Debt | — | — | — | — | ($37.2m) | ($329.5m) | ($36.8m) | ($146.2m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($7.3m) | ($24.9m) | |
| Common Stock Issuance | — | — | — | — | $7.2m | $40.8m | $335.6m | $0 | |
| Net Common Stock Issuance | — | — | — | — | $7.2m | $40.8m | $335.6m | $0 | |
| Cash Dividends Paid | — | — | — | — | $0 | $0 | $0 | $0 | |
| Proceeds from other financing arrangements | — | — | — | $0 | $9.6m | $23.1m | $57.3m | $21.6m | |
| Repayments of other financing arrangements | — | — | — | — | — | ($1.7m) | ($7.3m) | ($24.9m) | |
| Net Other Financing Charges | — | — | — | — | $6.6m | $17.4m | $46.4m | $21.9m | |
| Effect Of Exchange Rate Changes | — | — | — | — | ($1.1m) | $2.9m | ($5.6m) | $2.9m | |
| Increase in cash and cash equivalents | ($2.1m) | $6.9m | $277.2m | ($34.9m) | ($109.3m) | ($8.8m) | $47.3m | $190.7m | |
| Effect of foreign exchange on cash and cash equivalents | ($6.8m) | $1.5m | ($62k) | ($6.5m) | ($1.1m) | $2.9m | ($5.6m) | $2.9m | |
| Cash and cash equivalents – beginning of year | $60.8m | $67.7m | $344.9m | $305.5m | $200.8m | $200.8m | $192.0m | $430.0m | |
| Cash and cash equivalents classified as held for sale | — | — | $0 | ($4.6m) | $0 | — | $0 | ($22.6m) | |
| Cash and cash equivalents, excluding cash and cash equivalents held for sale | — | — | — | — | — | — | $239.3m | $407.4m | |
| Net cash and cash equivalents assumed on acquisition | — | — | — | — | — | — | $47.5m | $0 | |
| Cash and cash equivalents assumed on acquisition | — | — | — | — | — | $0 | $112.5m | — | |
| Change In Cash Supplemental As Reported | — | — | — | — | ($109.3m) | ($8.8m) | $47.3m | $190.7m | |
| Interest paid | — | — | ($26.5m) | ($22.1m) | ($33.6m) | ($64.8m) | ($112.6m) | ($132.6m) | |
| Income taxes paid | — | ($4.9m) | ($32.8m) | ($24.9m) | ($22.1m) | ($13.6m) | ($19.6m) | ($129.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.