Shares of Equinox Gold Corp. (EQX) are soaring 13.87% in Thursday's trading session, building on the previous day's gains, as investors enthusiastically respond to the company's exceptional third-quarter 2025 financial results and record production figures.

The gold mining company reported a quarterly adjusted earnings per share (EPS) of $0.19, significantly outperforming the analyst consensus estimate of $0.14 by 39.71%. This represents a remarkable 111.11% increase compared to earnings of $0.09 per share in the same period last year. Equinox Gold's quarterly sales reached $819 million, showcasing an impressive 91.18% year-over-year growth, although slightly below the analyst estimate of $824 million.

Driving the surge in stock price is Equinox Gold's record gold production of 236,382 ounces for Q3 2025, with all-in sustaining costs of $1,833 per ounce. The company's Greenstone operation demonstrated notable improvements, with Q3 mining rates exceeding 185,000 tonnes per day, marking a 10% increase from the previous quarter and a 21% rise from Q1. Additionally, mill grades at Greenstone improved by 13% in Q3 to 1.05 grams per tonne gold. Despite the divestment of its Nevada assets, Equinox Gold remains on track to meet the mid-point of its 2025 consolidated production guidance, excluding production from Valentine. These strong operational results, combined with the positive financial outcomes, appear to be the key drivers behind the stock's substantial surge, reflecting growing investor confidence in the company's performance and future prospects.