Equinox Gold Corp (EQX)

[Bobwins]

Recently bought some EQX LEAP options. EQX is in the penalty box because they lost their Los Filos mine due to a community not ratifying agreement. This created lower production and higher costs resulting in Q1 loss. However medium term appears very bright. The Greenstone mine is a big mine located in Canada that is just ramping up. Their merger with Caliber will bring them a second mine that will ramp up in 2026. Equinox will just need to get back on track, which shouldn't be hard to do with Greenstone in rampup. There aren't many 1 million+ producers in good jurisdictions. Equinox will be one in 2026/7.