Equinox Gold is an intermediate gold mining company. This Equinox Gold Business Quality Report explains the Average Quality ranking that Equinox Gold received under my quality ranking system.
Basic Company Information
Company Name: Equinox Gold
Ticker: EQXFF (US OTC) or EQX (TSX-V, Canada)
Quality Ranking: Average (3)
Primary Reason: Commodity Business
Size: Small-Cap
Last Updated: 03/31/2018
Key Points:
Equinox Gold is currently cash flow positive as it has one mine in production and a second mine about to come online.
Gold mining is a capital intensive and commodity business.
Equinox Gold Business Quality Description
Equinox Gold is in the business of producing gold through gold mining. Their current focus is on becoming a multi-asset gold miner. Multi-asset miners tend to trade at a higher multiple of their net asset value. Equinox Gold aims to add value by purchasing old mines that need optimization and growing mine life across their portfolio through skilled exploration.
Equinox is currently in a high growth phase of its business.