Equinox Gold Corp. (AMEX:EQX) shares are trading higher Thursday after the company reported better-than-expected second quarter financial results on Wednesday after the market closed.
What To Know: Equinox reported adjusted earnings per share of 11 cents, beating the consensus estimate of 2 cents. In addition, the company reported sales of $478.60 million, beating the consensus estimate of $470.00 million.
The company produced 219,122 ounces of gold in the quarter, including 72,823 ounces from newly acquired Calibre assets. Total cash costs were $1,478 per ounce and all-in sustaining costs were $1,959 per ounce.
Equinox generated $126 million in cash flow from operations before changes in working capital and reported adjusted EBITDA of $200.5 million.
The company ended the period with $406.7 million in cash and equivalents and net debt of $1.37 billion.
EQX Price Action: At the time of writing, Equinox shares are trading 13.92% higher at $7.73, according to data from Benzinga Pro.
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