Equinox Gold Corp. (EQX) saw its stock soar 11.34% in Thursday's trading session, following the release of its impressive second-quarter 2025 financial results and the unveiling of a new corporate strategy. The gold producer's strong performance and forward-looking plans have instilled confidence in investors, driving the stock's significant uptick.
The company reported stellar Q2 2025 results, with adjusted earnings per share of $0.11, significantly beating analyst estimates of $0.02. This represents a remarkable turnaround from the $0.01 loss per share in the same period last year. Equinox Gold's quarterly revenue reached $478.60 million, surpassing the analyst consensus estimate of $470.00 million and marking a 77.65% year-over-year increase. The company's gold production for the quarter stood at 150,849 ounces, with sales of 148,938 ounces at a realized gold price of $3,207 per ounce.
Adding to the positive sentiment, Equinox Gold unveiled a new corporate strategy focused on becoming a leading gold producer in the Americas. The company's pro forma consolidated guidance for 2025 projects gold production between 785,000 to 915,000 ounces, emphasizing the addition of high-quality, long-life gold mines in Canada. This strategic shift is expected to significantly enhance free cash flow and valuation. With a diversified portfolio boasting 23 million ounces of reserves and 22 million ounces of resources, Equinox Gold is well-positioned for future growth. The company's focus on ramping up operations at the Greenstone Gold Mine and the upcoming Valentine Gold Mine start-up in Q3 further reinforces its growth trajectory, likely contributing to investor optimism and the stock's upward movement.