Equinox Gold: Down 29%, And I'm Buying The Growth Story

Equinox Gold has executed a dramatic turnaround, reducing net debt from $1.4 billion to $75 million and streamlining its portfolio. EQX's 2026 production guidance is 700,000–800,000 ounces with AISC of $1,775–$1,875/oz, but the real upside lies in its organic growth pipeline. Management initiated a dividend and share buyback, signaling a shift toward disciplined capital returns and enhanced shareholder alignment.