A July 8, 2026, analysis issues a buy rating for Equinox Gold. The report suggests the market has not yet recognized the company's recent financial overhaul.
Equinox sold its Brazilian mines for $1 billion. It used the proceeds to lower debt from a previous $1.1 billion. Current debt levels sit at $77 million. This deleveraging enabled the company to initiate a quarterly dividend of $0.015 per share.
A merger with Orla Mining will make Equinox the second-largest gold producer in Canada. The company targets 1.1 million ounces of annual production. Existing assets provide a path to 1.9 million ounces without further acquisitions.