Equinox Gold Corp. (EQX) is set to open higher on Thursday, with shares surging 5.85% in pre-market trading. This upward momentum follows the company's release of its impressive third-quarter 2025 financial results, which exceeded analyst expectations and showcased record production figures.

The gold mining company reported an adjusted earnings per share (EPS) of $0.19 for Q3 2025, significantly outperforming the analyst consensus estimate of $0.14 by 39.71%. This represents a substantial 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, marking a remarkable 91.18% year-over-year growth, despite falling slightly short of the estimated $824 million.

Driving the positive sentiment 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 showed notable improvements, with Q3 mining rates exceeding 185,000 tonnes per day, a 10% increase from the previous quarter. Additionally, mill grades at Greenstone improved by 13% in Q3 to 1.05 grams per tonne gold. These operational achievements, combined with the strong financial performance, have clearly resonated with investors, driving the stock's substantial pre-market gain and setting a positive tone for Thursday's trading session.