Equinox Gold Reduces Debt; GoGold Resources Reports Record Cash Balances

Two producers, two strong quarters: Equinox Gold delivers solid third-quarter gold production and remains on track to hit its annual guidance. Including the acquired Orla Mining, production annualizes to roughly 1.1 million ounces. At the same time, the company keeps paying down debt aggressively, having repaid more than a billion dollars since the start of the year, and it holds high liquidity. Share buybacks continue as well. In Canada, Musselwhite stands out while Valentine and Greenstone improve step by step. GoGold closes its fiscal year with strong production. Parral delivered another strong quarter, and the cash balance grew despite heavy spending on the construction of Los Ricos South, which is progressing on schedule. Over 80% of the detailed engineering was already complete before ground was broken.

Note: This program is produced and published on behalf of Equinox Gold and GoGold Resources and is funded by the companies.

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