Equinox Gold Corp. has announced its financial and operating results for the first quarter of 2025. The company reported a net loss before taxes of $64.9 million, compared to a net loss of $34.2 million in the same period the previous year. After accounting for income tax expenses, the net loss was $75.5 million, an increase from the previous year's net loss of $42.8 million. The company recorded income from mine operations of $33.7 million, a significant increase from $11.4 million in the first quarter of 2024. This improvement includes $24.4 million in income from the Greenstone project, which was not in production during the first quarter of 2024. Equinox Gold's cash and cash equivalents stood at $172.9 million, while net debt reached $1.22 billion. The company also noted the impact of a $26.1 million write-down of heap leach inventories at its Los Filos operation, due to the indefinite suspension of operations on April 1, 2025.
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