Mining Stock Daily Equinox Gold's Position for 2026 Growth Following the Divestiture of Brazilian Operations
Dec 18, 2025
Ryan King, Vice President of Equinox Gold, shares insights on the company's strategic divestiture of Brazilian assets, which raised over $1 billion to enhance financial stability. He discusses plans for debt reduction and emphasizes a robust 2026 production target of 700–800k ounces. The conversation also covers growth potential at the Valentine and Greenstone projects, alongside future capital returns to shareholders, highlighting the company's focus on sustainable growth in the gold mining sector.
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Strategic Portfolio Cleanup
- Equinox Gold sold its Brazilian assets to de-lever and improve financial flexibility for growth.
- The divestiture positions the company to be net cash positive by 2026 under current gold price assumptions.
Leadership-Led Portfolio Review
- After Darren's leadership change, the team performed a portfolio review and received many inbound offers.
- This process led to earlier divestments like Nevada and ultimately the Brazilian sale after valuation thresholds were set.
Post-Deal Debt Profile
- Post-sale net debt drops into the ~$300–400M net debt range with remaining convertibles and revolver.
- Management views that remaining level as comfortable while they continue to pay down debt with operating cash flow.