Equinox Gold – A Full Update From The Sprott Conference

While at the recent Sprott Conference I had the chance to sit down with Christian Milau, CEO of Equinox Gold (TSX.V:EQX & OTC:EQXFF). The Company has grown from a single asset developer to a multi-mine producer in just two years.

Christian and I discuss all three of the projects in the Company’s portfolio. We outline the production profiles of each and the possible expansion opportunities when in production.

If you have any follow up questions for Christian regarding Equinox please email me at Fleck@kereport.com.

Click here to read over the full Equinox presentation.

  1. On August 6, 2019 at 1:59 pm,
    Excelsior says:

    Cory – Good interview with Christian. I’m a shareholder and fan of their company, and have liked seeing the roll-up of the old Trek Mining & Newcastle & Anfield into the new incarnation, Equinox Gold, and the steady progress they have made getting production ramped up @ 2 mines, and the development work moved down the road on the 3rd project.

    The EQX share price has been on a slow and steady climb, just the way many quality companies move over extend time periods. I expect that trend to continue as they keep increasing production and as metals prices continue to rise.

    Ever Upward!

    • On August 6, 2019 at 2:22 pm,
      Excelsior says:

      It is also clear that the team at EQX Equinox is doing a much better job as operators of the Mesquite mine than NGD New Gold was doing. They were very strategic in picking off that operating mine while NGD was feeling the financial pressure, and it is paying dividends now.

      • On August 6, 2019 at 8:45 pm,
        Dick Tracy says:

        Ex, being aggressive in your business dealings and being right is the sign of a winner and often times slow but steady is the way to go. If I didn’t like trading so much I would agree with you on this one. DT

        • On August 6, 2019 at 11:06 pm,
          Excelsior says:

          Thanks DT. Well, any stock could be traded, including (EQX), but I’ll agree that it isn’t as volatile as some of the more Jr nano-cap stocks, so not quite as many swings to trade.

          I see (EQX) as more of a steady accumulation value investment, like (KNT) K92 Mining or (SVM) Silvercorp have been. In contrast, there are plenty of smaller producers, development-stage companies, or exploration plays that swing 10-30% on the day that are much more fun for agressive trading approaches; as you mentioned. Cheers and good trading!

          • On August 7, 2019 at 1:16 am,
            Excelsior says:

            In The Pit: David Medilek, VP Business Development, K92 Mining (KNT) (KNTNF)

            by Lobo Tiggre

            “I visited K92’s flagship operation in Papua New Guinea not long after they bought it, and liked it, but wanted to see it bought online and operating as hoped before getting too excited. That took far longer than promised, but the mine is finally ramping up, and producing at an exceptionally low cost. How did that happen, and what happens next? That’s what The Independent Speculator wants to know…” #VIDEO


  2. On August 6, 2019 at 11:10 pm,
    Excelsior says:

    Equinox Gold Announces Planned Share Consolidation to Pursue U.S. Listing

    @newswire on 6 Aug 2019

    Equinox Gold Corp. (EQX) (EQXFF) is pleased to announce that its Board of Directors has approved a consolidation of the common shares of the Company on a five-to-one basis. The Company currently has 566,235,062 common shares outstanding and if completed, the Consolidation would reduce the issued and outstanding common shares to approximately 113,247,012 common shares. Subject to TSX Venture Exchange approval, the Company anticipates that the Consolidation will take effect on or around August 20, 2019, at which time its common shares will trade on a consolidated basis under the existing name and trading symbol. Completion of the Consolidation will allow the Company to pursue a dual listing on a U.S. stock exchange.”


    • On August 7, 2019 at 1:39 am,
      Excelsior says:

      While I normally don’t care for share rollbacks, in the case of getting a US listing on the big board, it makes total sense. Equinox is now producing at 2 mines and generating revenues and have outperformed most of their guidance, so this isn’t the normal rollback you see in a struggling Jr, but rather an eye on the bigger prize – US investor, ETF inclusion, and more institutional funds investing in EQX.

      This is the same strategy that (USA) Americas Silver deployed when adding in (USAS) or that (AXR) Alexco used in listing (AXU) and it paid off handsomely as the US shares in most dual listed companies have far more action and liquidity.

  3. On August 7, 2019 at 2:31 am,
    Excelsior says:

    Do folks here get a sense that investors are really utilizing these higher #Gold prices (knocking on $1500) in their valuations of #Developers or #Producers?

    The development-stage companies moving towards production should have much better NAV, IRR, and shorter payback periods at $1450-$1500 Gold than they did at $1200-$1300.

    Those old metals prices have now been left in the rear-view mirror. It seems like many of these developers are barely responding, but their economics should have radically shifted higher.

    It’s the same basic point with the producers that are now selling the yellow metal in their respective currencies at much higher prices. The Q3 earnings (reported in early Q4) should raise a few eyebrows…

  4. On August 7, 2019 at 4:10 am,
    Excelsior says:


    August 07, 2019

    “Pure Gold Mining Inc. (PGM) (LRTNF) is pleased to announce closing of a US$90 million project financing package with Sprott Resource Lending Corp.”

    “With approximately C$90 million in the treasury on closing of the first tranche of this financing, and a recent Project Agreement signed with Wabauskang First Nation and Lac Seul First Nation, the Company will immediately commence development activities with a goal of first gold pour by the end of 2020.”


    • On August 7, 2019 at 4:12 am,
      Excelsior says:

      Great chart from a technician @Ty over at ceo:


      @Ty – “$PGM Daily”

      “A daily close above C$0.79 and it breaks to new highs. Got to be patient with this one”


  5. On August 7, 2019 at 4:51 am,
    Ti-Butch says:

    Hi Excelsior good to see you posting here & on CEO.CA & enjoy your informative dd, this is my first time but I’ve been following Korelin podcast interviews for many years which are very good & informative.

    Getting on a US stock exchange for Equinox is a must in this gold bull run. I’ve been watching the trading on many gold stocks since Dec last year when I first got back in the sector. I took notice that many US banking & brokeridge firms with offices in Toronto have been heavy on the trading of mining gold stocks with volume of trades increasing as time goes by.

    It’s a good indicator that our good American friend investors want to get in on this gold bull ride & knowing that Canada as a huge list of Canadian gold mining companies so they follow the trend & invest in the markets where the action is.

    Management had already given a heads up to the market on the q2 cc that they would do reverse split to get on the main TSX index & get on a bigger US exchange
    but it was initially planned for early next year.

    I believe they fast tracked that strategic move due to the bull gaining more momentum with each passing day to get more liquidity in the stock on the US side wanting to get more institutional investors onboard probably being pressed on by them since Chris alluded to that on past video interviews that some ETFs were looking at them, so the r/s is for all the right reasons.



    • On August 7, 2019 at 8:32 am,
      Dick Tracy says:

      A lot of institutional investors won’t buy into a stock unless the price is above $5, which will be the case for Equinox after the reverse split. DT

      • On August 7, 2019 at 9:23 am,
        OOTB Jerry says:

        It, use to be ….$15 ….on general stock market……

    • On August 7, 2019 at 9:58 am,
      Excelsior says:

      Hi Ti-Butch – Good to see you posting over here at the KER.

      Great points about EQX Equinox fast-tracking their US listing to take advantage of the large US investor pool in both retail and institutional funds. Also agreed on certain ETF or Mutual Fund inclusion, as the Gold bull has broken out faster than some generalist investors, watching from the sidelines, had anticipated.

      Looking forward to a few more Canadian mid-tiers getting dual listings, as they usually have far greater liquidity, and thus become the go to names in a space.

      Think of companies like First Majestic (FR) (AG), Amercias Silver (USA) (USAS), Alexco (AXR) (AXU), Silvercorp (SVM), Avino Silver & Gold (ASM), McEwen Mining (MUX)…. etc…. The dual-listings really make a difference when a company gets to a certain size, and EQX needs to upgrade their OTC (EQXFF) to the big board. 🙂


  6. On August 7, 2019 at 8:32 am,
    Marty says:

    Good interview Cory