Equinox Gold (TSX: EQX; NYSE American: EQX) CEO Darren Hall says the company has reset its balance sheet and is now focused on disciplined execution as it advances toward becoming a 1 million oz per year producer. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Hall said Equinox reduced net debt from more than $1.4 billion at the end of June 2025 to less than $100 million at the end of January 2026, alongside launching an inaugural dividend and applying for an NCIB. “I think it’s more creating a boring business,” he said, describing a strategy centered on quarter-on-quarter delivery and rebuilding credibility with investors.

Equinox produced 923,000 oz in 2025, up 48% year over year, and Hall highlighted operational momentum at Greenstone and Valentine, where throughput reached 110% of nameplate month to date in February after winter-related challenges in January. He outlined an organic growth pipeline including Valentine Phase 2, Castle Mountain, and Los Filos expansion, supported by a $70–$80 million exploration budget and a target to drive total all-in costs below $2,500 per oz, excluding major growth capital.

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00:27 - Equinox Calibre Merger And CEO Transition
01:21 - 2025 Balance Sheet Reset And Dividend Launch
03:13 - Path Toward 1 Million Ounces Per Year
04:46 - Brazil Asset Sale Legal Challenge Explained
06:04 - Greenstone And Valentine Operational Update
07:53 - Cost Discipline And Sub $2,500 All In Target
10:27 - Net Debt Reduction And Liquidity Position
12:29 - AI Discovery At Valentine And $70M–$80M Exploration Budget
16:02 - Targeting Top Quartile Peer Valuation
18:25 - Castle Mountain And Los Filos Capital Priorities
19:58 - M And A Speculation And Organic Growth Focus
20:41 - Investor Meetings And Shareholder Base Shift At BMO
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Equinox Nears Net Cash as 1Moz Gold Plan Advances | Darren Hall

Kitco MINING

Equinox Nears Net Cash as 1Moz Gold Plan Advances | Darren Hall