What caused EQX's earnings to rebound in Q4 2024?

Equinox Gold Corp. (EQX) experienced a significant rebound in its earnings in Q4 2024, driven by several key factors:

1. **Record Gold Production**: The company achieved record gold production in Q4 2024, with approximately 214,000 ounces produced. This marked the highest quarterly production in the company's history, contributing to the rebound in earnings.
2. **Increased Gold Sales**: Equinox Gold reported quarterly gold sales of 218,000 ounces in Q4 2024. The increase in sales, coupled with record production, contributed to the growth in revenue.
3. **Revenue Exceeding Expectations**: Despite missing EPS forecasts, the company's revenue exceeded expectations, coming in at $575 million compared to the anticipated $534.42 million. This positive revenue surprise likely had a significant impact on the company's earnings.
4. **Strategic Initiatives**: The company's successful consolidation of ownership of the Greenstone mine and the achievement of commercial production in November 2024 are expected to enhance future performance. These strategic moves likely contributed to the improved earnings in Q4 2024.
5. **EBITDA and Cash Flow Strength**: Equinox Gold reported a substantial increase in EBITDA for Q4 2024, reaching $185 million, which is a significant improvement over previous quarters. The company also maintained impressive momentum with revenue growing 17.84% over the last twelve months. The strength in EBITDA and cash flow from operations, with $213 million reported for Q4 2024 before changes in noncash working capital, indicates financial resilience and the ability to generate cash, which is a critical indicator of the company's profitability and liquidity.

In conclusion, Equinox Gold's earnings rebound in Q4 2024 can be attributed to a combination of record gold production, increased sales, strategic initiatives, revenue exceeding expectations, and strong EBITDA and cash flow performance. These factors collectively contributed to the company's financial strength and profitability during the quarter.