Equinox Gold VP of Investor Relations Rhylin Bailie talked with Proactive at the One2One Investor forum about the company's transformational growth strategy and its upcoming merger with Calibre Mining.
Bailie outlined how Equinox Gold has rapidly grown through mergers and acquisitions since its formation in 2017, noting that the company is on track to produce more than one million ounces of gold annually. “The Calibre transaction is the final piece in the puzzle that we need to achieve that,” she said.
The Greenstone and Valentine mines are positioned as cornerstone assets, with Greenstone expected to produce 390,000 ounces and Valentine approximately 200,000 ounces per year once fully operational. Equinox Gold expects the Calibre merger to close within the next month, adding a second Canadian mine and several operating assets in Nicaragua to its portfolio.
Bailie highlighted the company’s expectation of substantial EBITDA growth, potentially reaching up to $2.3 billion in 2025 based on spot gold prices. She also discussed plans to reduce debt significantly and explore shareholder returns through dividends and buybacks. “We’ve been given a mandate from our board to look at the potential to pay a dividend this year,” she said.
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