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EQX / Equinox Gold ... update / Last: US$6.02 > $C7.62 is xx% below C$10 Target / 1.28= US$ xx

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4yr:

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" ... Guidance at all assets was generally weaker than we had forecast, we note in particular Los Filos, where production guidance is 15% below our estimate, cash cost guidance is 16% above our estimate, and AISC guidance is 19% above our forecast. In addition, we note that EQX plans to spend $62 million on "growth capex" at Los Filos this year despite delaying the planned CIL plant for at least two years.

2022 guidance highlights:

Consolidated Au production of 625-710koz vs. our estimate of 731koz
Consolidated cash cost guidance of $1,080-$1,140/oz vs. our estimate of $1,074/oz Consolidated AISC of $1,330-$1,415/oz vs. our estimate of $1,301/oz
Total capex of $681 million vs. our estimate of $553 million.

Balance sheet implications: Based on our estimates, EQX will require external funding of $494 million through Q2 2024. The company has $114 million available on its revolver (as of Sept 30, 2021), and the stakes in SLS and IAU are together worth ~$360 million. In addition, the possibility exists to add a project finance facility to Greenstone or more debt to the balance sheet, but we would be concerned about EQX stretching its balance sheet too far

( Canaccord )

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EQX News

Date ET Symbol Type Headline
2022-02-24 22:49 U:EQX News Release Equinox Gold Reports Strong Operating Cash Flow of $321 Million in 2021, Achieves 26% Production Growth with 602,668 Ounces of Gold Sold
2022-02-22 12:28 U:EQX News Release Equinox Gold to Announce Fourth Quarter and Fiscal 2021 Financial Results on February 24, 2022

==

2021 HIGHLIGHTS

Operational

  • Realized 26% production growth compared to 2020
  • Achieved 2021 guidance with total production of 602,110 ounces ("oz") of gold
  • Sold 602,668 ounces of gold at an average realized gold price of $1,791 per oz
  • Total cash costs of $1,087 per oz and all-in sustaining costs ("AISC") of $1,350 per oz(1)
  • Produced the Company's millionth ounce of gold and realized over $1 billion in revenue
  • Achieved a total recordable injury frequency rate(2) of 3.05, 17% better than 2020, with 13 lost-time injuries
  • Achieved a significant environmental incident frequency rate(2) of 0.68, 60% better than 2020
  • Continued proactive COVID-19 health and safety protocols with no production days lost due to COVID-19; supported community health with donations of supplies and support for education, medical staffing and vaccination programs

Earnings

  • Earnings from mine operations of $230.6 million
  • Net income of $556.8 million or $1.95 per share
    • Includes $85.8 million unrealized gain on change in fair value of warrants, $58.1 million unrealized gain on change in fair value of gold contracts, $186.1 million gain on reclassification of investment in Solaris Resources Inc. ("Solaris") from fair value to cost accounting, $50.3 million gain on sale of partial interest in Solaris, $45.4 million gain on sale of Pilar Mine and $81.4 million gain on acquisition of Premier Gold
  • Adjusted net income(1) of $73.8 million or $0.26 per share

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TML / Treasury Metals ... All: 10-yr : 5yr / Last: 0.74 / YrL: xx - YrH: xx

From Below:  NPV = $328 Million @ $1600 /oz., / 137.9 M shs = $2.38 , 0.75 is= 31.5%

Gold to be produced1.1 Million oz., years 1-9 ave.: 102k oz.... MktCap @0.75: $103m / 1.1M oz= $94 per oz.

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All:

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Ratio TML to GDXJ ($40.00) = 1.63%

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===

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From Above: 

NPV = $328 Million @ $1600 /oz., / 137.9 M shs = $2.38 , 0.75 is= 31.5%

Gold to be produced1.1 Million oz., years 1-9 ave.: 102k oz.... MktCap @0.75: $103m / 1.1M oz= $94 per oz.

Next Steps
Complete 60,000 metres of drilling by end of Q4 2021 to facilitate updated resource in Q1 2022

Treasury Metals Announces New Discoveries

New gold discovery at Ocelot target, as well as positive gold results from Fold Nose and Far East.   Highlights: Far East hole TL21-568 with 6.95 g/t Au over 1.0 metre from 86.0 to 87...read more
 2/
The lengths are insignificant, but these discoveries have the merit of confirming the probability of new discoveries! There are still results to come from the drillings carried out in 2021.  rate and reply

RE:US$20 Million Royalty Financing to Fund Goliath Gold Complex

It seems positive, if Sprott commits it is that they believe in it. TML will thus have funding of 41.9M and it is a security in this period of rising costs! The limit of 1.5 million ounces of gold...read more

US$20 Million Royalty Financing to Fund Goliath Gold Complex

Highlights: US$20 million financing through the sale of a royalty to an affiliate of Sprott Resource Streaming and Royalty Corp ("SRSR") expected to fund the completion of economic...read more

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EQX / Equinox ... update / Last:  $7.66 +0.58, +8.2%

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This Option Combination trade from a few days ago when EQX was at about $6 has gone well   

I entered a BULLISH OPTIONS COMBINATION on EQX  for approx ZERO COST.
1.
Bot  Apr. $5c - Sell Jul.$7.50p - for 0.60 Credit x30 contracts
( Notional: 1.20, Notional 1.80 , with EQX near $6.05 )
2.
Bot  Apr. $5c - Sell Jul.$7.50p - for 0.70 Credit x30 contracts

(When I got the $60 x30= $1800 + $2100 = $3900 credit total)
then:
3.
Buy Apr. $5c x at $1.20 x 30 contract = ($3600 debit)

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EQX ... 3yr: 1yr: 6mo: 10d / Last: $8.27 + 0.01

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Equinox Gold pours first gold at its Santa Luz mine in Brazil

Kitco News |

(Kitco News) - Equinox Gold said today that the company has poured first gold from the resin and elution circuit at its new Santa Luz Mine in Brazil.

The company said that Santa Luz construction has been completed on time and on budget, with no lost-time injuries. Commissioning commenced in February 2022 and the mine is expected to ramp up to commercial production over the next few months.

When operating at capacity, Santa Luz is expected to produce approximately 100,000 ounces of gold annually. During 2022, with a partial year of production, Santa Luz is expected to produce 70,000 to 90,000 ounces of gold, the company noted.

Equinox Gold added that the mine has expansion potential from underground development opportunities and several exploration targets within the greenstone belt that extends between Santa Luz and Fazenda Mine.

CEO Christian Milau commented, “Santa Luz is the second project Equinox Gold has built in Brazil and our third since starting the company. With Santa Luz ramping up to full production, we are focused on constructing our Greenstone project in Ontario, Canada, with first gold pour targeted for the first half of 2024.”

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IAG vs. TPRff ... : 2021 : i.vs.g: CAD=  : $3.75 : $5.49 : r 68.3%

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IAG, etc, from 2/2020 2021 : USD=  : $2.96 : $4.33 : r 68.4%

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=====  IAG vs GCM.t : GOLD :
CAD=  : $3.75 : $5.49: $28.94 :
Price   : $2.96 : $4.33: $22.73 :
ShsOS: 477.M: 97.7M : 1.78 B:
MktCp: 1.41 B: 423.M : 40.5 B:
Prod.  : 600.0 :  200.0 :  4,400 :
$ / Oz : 2,353 : 2,115 : 9,205.:
Cash. : 553.M:  324.M: 5.19 B.:
Debt. :  464.M:  314.M: 5.15 B.:
EntVal:  1.32 B: 413.M: 40.4 B.:
$ / Oz : 2,200 : 2,115 : 9,182.:
E.P.S. :  $0.06 :  $0.87 :  $1.10 :
Earns : 27.1M : 71.6M:  2.07 B:
NcfOp: 293.M : 80.6M:  4.38 B:
Cf/oz. : $0.49 :  $0.73 :  $1.00 :
AISC.: $1,426 : $1,200 : $1,080 :
M&I rs: 14.0M:  10.0M : 160.M :
EV /rs: $ 115 :  $ 41.3 : $ 253 :

 

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EQX / Equinox ... update - to 5.6.2022 : $4.80
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Equinox Gold reports net loss in Q1, says on track to meet 2022 guidance

Kitco News |

(Kitco News) - Equinox Gold (TSX: EQX) yesterday reported that the company produced 117,452 oz of gold during the quarter, down 9% compared to 129,233 oz produced in Q1 2021.

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