Equinox Gold - Investor Reception 2024
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- เผยแพร่เมื่อ 22 ม.ค. 2024
- Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas. The Company has seven operating gold mines in the USA, Mexico and Brazil, is commissioning a new mine in Canada that is on track to pour first gold in H1 2024, and has a path to achieve more than one million ounces of annual gold production by advancing a pipeline of expansion projects. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
Ross Beaty is Warren Buffett of mining industry!!! Humble and appreciative.
Of the people I’ve got knowledge of at EQX, Ross has done a remarkable job of recruiting “like minded people”. That take’s nothing away from, in my opinion… Ross, the GOAT in mining! They don’t come better IMO
Thanks for the update, Ross. Hangin' tough on this end!! Always hard to be patient, but I know what I own in EQX!
I always own shares of Ross’s companies. Holding EQX since the beginning. Always adding on dips. With sentiment in the dumps, hoping for $3 or less again. Long…
just to hold and add more shares - how does it make sense?
@@GLang-kq5lw Makes perfect sense. DCA is my strategy.
Not a day/swing trader.
Strategy since 2014. Proved to work well so far with gold/silver/uranium. Oil since covid crash.
This stock is my life investment
Record gols prices but EQX continues to slide. Why?
Hopefully the community at Los FIlos and Equinox can come to an agreement to get that CIL plant built! Ross is right that the plant should be shut down if they can't come to an agreement because it's too risky and expensive to operate in it's current state. Fingers crossed Greenstone can start up with a low AISC, on time and on budget. It seems that way, just really hopeful they get it across the finish line. Glad to hear that EQX has a right of first refusal to purchase the rest of Greenstone. It would be incredible if they could somehow finance the purchase of the rest of the mine. Good luck to all the team, 2024 is going to be an exciting year!
EQX has a lot of debt
EQX investors lost over 50% in the last 3 years, what is so great with EQX? Warren Buffett's BRK is only up....and Warren is not investing in Gold
Mining is the toughest business in the world
@@baarbacoa why then investing?
@@GLang-kq5lw If you believe that inflation pressures are abating and the economy is slowing, and interest rates will drop, gold mining stocks should do well.
Equinox is bringing a new mine online. That's risky, and the market gives them no credit for it. If you believe Equinox will successfully accomplish this, then Equinox stock should do very well.
Shocking that Beaty is so flippant about writing off an asset that cost them a small fortune and accounts for 160,000 oz of production, or 1/3 of the entire production profile. I think much like rob mcewen, Beaty is going to flop with equinox, there is just too much debt that has been saddled on shareholders buying very average assets, greestone aside.
The market has already wrote off Los Filos a long time ago. I don't think he's flippant about it, he's more just stating the reality of the situation. They produce for $1,900 an oz there which is totally unsustainable. Debt is definitely a huge issue. But the company won't go under IMO unless the startup of Greenstone is really bad and has high AISC (knock on wood) and they have more issues at their other mines (also knock on wood). February guidance will be huge to learn about AISC for the mines for 2024. Even if they did get into more troubles, I think Ross or Mubadala would step in to do another financing. Ross owns 8.2% of the company worth $123M at today's market price. For that reason, he's not going to let the company go under unless a ton more really bad things happen. IMO, the biggest catalyst for the company would be the announcement that the community at Los Filos and Equinox have come to an agreement to get that $350M CIL plant built. That would provide the community with guaranteed cashflow for over a decade and instantly add a mine that's larger than Greenstone BACK into the valuation of EQX. Of course there would be skeptics, so the stock price wouldn't increase right away, but it's been two years since those community protests, so hopefully the goodwill has been built up and the negotiations are going well. Once that CIL plant would be complete, in say 2026, you would see the full value of Los Filos back into the stock price (another $3-5 CAD). All a long ways away, but I'm a believer in what they are doing and it will be a bumpy road, but there's a lot of benefit if they are successful on all of these goals they have.
Listen carefully to Ross' presentation
He didn't write anything off. He's sending a message
@@baarbacoa he said the market has wrote it off in the value of the stock. Market participants value that mine at $0 now.
@@dlepanfunny that he says the market has written the mine out of the stock price, yet it is projected to be one of the top producers in the 2024 guidance. Very disappointed by the lack of candor of this presentation.