Equinox Gold Surges to 299th in Daily Rankings with $294 Million Turnover Despite Stock Price Drop

On June 12, 2025, Equinox Gold (EQX) experienced a significant increase in trading volume, with a turnover of $294 million, marking a 174.1% rise from the previous day. This surge placed Equinox Gold at the 299th position in the daily stock market rankings. However, despite the high trading volume, the stock price of Equinox Gold declined by 5.90%.

Equinox Gold has updated its 2025 production and cost guidance to reflect the business combination with Calibre Mining Corp. This update includes the acquisition of Calibre Mining and the slower-than-planned ramp-up at the Greenstone mine. The company has adjusted its full-year pro forma guidance for 2025, which now includes the assets of Calibre Mining, to a range of 785,000 to 915,000 ounces of gold.

Equinox Gold's strategic move to acquire Calibre Mining Corp. aligns with its growth strategy. The acquisition, agreed upon in February 2025, involves the purchase of all outstanding common shares of Calibre Mining Corp. This acquisition is expected to enhance Equinox Gold's production capabilities and cost efficiency.