Latest news with #GoldSales
Yahoo
4 days ago
- Business
- Yahoo
Equinox Gold Corp (EQX) Q2 2025 Earnings Call Highlights: Strong Production and Strategic ...
Gold Production: Over 219,000 ounces produced in Q2 2025. Gold Sales: Sold just over 148,000 ounces at an average realized price of $3,200 per ounce. Pro Forma Consolidated Revenue: Approximately $1.33 billion for H1 2025 from 401,000 ounces. Greenstone Mining Rates: Increased 23% in Q2 compared to Q1. Greenstone Processing Rates: Improved 20% over Q1. August Mining Rates: Averaging 200,000 tonnes per day. Best Demonstrated Performance: 227,000 tonnes per day in August. Investment in Critical Spares: Over $25 million to support ramp-up. First Ore to Plant: Scheduled before the end of August 2025. First Gold from Valentine: Anticipated approximately a month after first ore to plant. Sale of Nevada Assets: $115 million. Warning! GuruFocus has detected 10 Warning Signs with EQX. Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Equinox Gold Corp (EQX) successfully completed a merger, creating a significant Americas-focused gold producer anchored by two cornerstone Canadian mines, Greenstone and Ballantyne. The company reported strong Q2 2025 production results, delivering over 219,000 ounces of gold, with improvements in mining and processing rates at Greenstone. Equinox Gold Corp (EQX) anticipates increased production, cash flow, and earnings in the coming quarters, driven by contributions from Calibre assets and the commencement of production at Valentine. The company has made significant investments in operational readiness at Valentine, including $25 million in critical spares, with first ore to the plant expected before the end of August. Equinox Gold Corp (EQX) is focused on disciplined capital allocation, operational excellence, and advancing high-quality organic growth, with a strategy to deliver tangible returns to shareholders through margin expansion and potential dividends or share buybacks. Negative Points The grade at Greenstone decreased from 1.06 grams per tonne in Q1 to around 0.9 grams per tonne in Q2, with expectations for gradual improvement over the coming quarters. There are ongoing discussions with a third community at Los Filos, which could impact future operations and agreements. The company is dealing with a tax dispute in Nicaragua and a legal matter in Brazil, which could pose risks to financial outcomes and asset sales. Equinox Gold Corp (EQX) has been undercapitalized in certain areas, such as Los Filos, due to prioritizing capital for Greenstone's ramp-up. The company has not yet provided specific guidance on costs for Valentine, creating uncertainty around future capital expenditures and operating costs. Q & A Highlights Q: The grade at Greenstone came in lower than expected. When should we start seeing improvements, and what measures are being taken to manage and improve grade dilution? A: Darren Hall, CEO: We are seeing improvements in grade, with August grades around a gram per tonne. Improvements are expected as we move more material and improve mining practices. We anticipate quarter-on-quarter improvements, with Q3 grades likely similar to current levels, but with better face positions for effective mining. Q: Do you have all the necessary equipment in place to improve mining rates at Greenstone? A: Darren Hall, CEO: Yes, all required equipment is in place. We are focused on maximizing the value of our committed capital and have seen increased engagement from our partners, ensuring we have the necessary support equipment to improve haul speeds and overall performance. Q: Are there ongoing discussions with the third community at Los Filos, and what is the status of agreements with the communities? A: Darren Hall, CEO: We maintain open dialogue with all stakeholders. We have fully executed agreements with two of the three communities and are working on a two-community plan to exploit Los Filos. We are hopeful for a solution with the third community, Karelia, and will work constructively with all stakeholders. Q: Can you provide an update on the tax dispute in Nicaragua and the legal matter in Aurizona? A: Peter Hardie, CFO: We are confident in a beneficial resolution regarding the Nicaragua tax dispute and have not recorded a provision. The Aurizona legal matter is progressing slowly, typical for Brazil, and we do not expect it to interfere with any asset sales. Q: What are the expected costs for Brazilian operations in the second half of the year? A: Darren Hall, CEO: We are comfortable with our full-year guidance and expect variations quarter-by-quarter. Brazil's operations are seasonally driven, with most production and cash flow in the second half, impacting unit costs. We anticipate better performance as we deploy more capital across assets. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
12-08-2025
- Business
- Yahoo
K92 Mining Inc (KNTNF) Q2 2025 Earnings Call Highlights: Record Revenue and Production Surge ...
Revenue: $96.3 million, an increase of 102% from the same period prior year. Gold Production: 34,816 ounces of gold equivalent produced in Q2 2025. Cash Cost: $786 per ounce of gold, down from $919 in Q2 2024. All-In Sustaining Cost: $1,408 per ounce of gold, down from $1,510 in the prior year. Average Selling Price: $3,166 per ounce of gold. Cash Flow from Operating Activities: $47 million before changes in working capital, compared to $17.3 million in the prior year. Cash and Cash Equivalents: $182.9 million as of June 30, 2025. Net Cash Balance: $123.8 million. Gold Sales: 28,864 ounces sold in Q2 2025. Mill Throughput: 130,337 tonnes with a head grade of 8.9 grams per tonne gold equivalent. Gold Equivalent Production Increase: 43% from Q2 2024. Corporate Tax Paid: Approximately $70 million paid as of the end of July 2025. Warning! GuruFocus has detected 5 Warning Sign with KNTNF. Release Date: August 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points K92 Mining Inc (KNTNF) reported no lost time injuries for the eighth consecutive quarter, highlighting their strong safety record. The company achieved a 43% increase in gold equivalent production from Q2 2024, producing 34,816 ounces at a cash cost of $786 per ounce. K92 Mining Inc (KNTNF) reported a significant increase in revenue, up 102% from the prior year, with quarterly revenue of $96.3 million. The Stage 3 expansion is progressing well, with 87% of growth capital spent or committed, and commissioning expected to increase production to over 300,000 ounces gold equivalent per annum. The company maintains a strong financial position with a record $182.9 million in cash and cash equivalents, and a net cash balance of $123.8 million, fully funding the Stage 3 and 4 expansion projects. Negative Points Development meters in Q2 did not meet expectations due to delays from infrastructure installation, impacting underground development progress. All-in sustaining costs remain higher than cash costs due to significant investments in the Stage 3 expansion, though costs are expected to decline post-expansion. The company faces challenges in ramping up development rates and completing key projects underground, which are crucial for the Stage 3 expansion. The commissioning of the new process plant is expected to initially use lower-grade material, potentially impacting grades in Q4. Despite a strong cash position, the company still holds a $60 million loan balance, which will need to be prioritized for repayment. Q & A Highlights Q: Could you talk about your confidence and comfort level on progress made in the underground development to reach the run rates required for Stage 3? Were there any challenges that came up? A: John Lewins, CEO, explained that while they aimed for higher development meters, unexpected delays due to electrical infrastructure installation impacted progress. The commissioning of the ore pass is expected to significantly improve performance. Additional equipment arriving soon will also aid in achieving desired development rates. Q: You noted first half Q4 to complete commissioning. Is that coincident with declaring commercial production as well? A: John Lewins clarified that since they are already in commercial production, they don't use that term. By the end of Q4, they expect the plant to operate at its design capacity and achieve design recoveries. Q: How should we think about grades for the next couple of quarters? A: John Lewins indicated that grades should align with long-term expectations. Q4 grades might be lower due to commissioning with lower-grade material. Q: With a strong balance sheet and free cash flow expected to increase, what's your plan regarding the $60 million in debt? A: John Lewins stated that debt repayment will be prioritized but will fit into the company's overall strategy. They are discussing internally about dividends, buybacks, and other uses of free cash flow. Q: Can you comment on how Q3 is going so far, particularly regarding development meters and annualized tonnes per day? A: John Lewins mentioned that Q3 is on budget, with stockpiles slightly ahead of schedule. They expect an improvement in development meters compared to Q2, although not yet at the desired year-end levels. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
