Equinox Gold Corp (NYSE:EQX) Q2 2023 Earnings Call Transcript August 3, 2023 7:00 AM ET

Company Participants

Rhylin Bailie - Vice President of Investor Relations

Greg Smith - CEO, President and Director

Peter Hardie - Chief Financial Officer

Doug Reddy - Chief Operating Officer

Conference Call Participants

Kerry Smith - Haywood Securities

Anita Soni - CIBC

Wayne Lam - RBC

Dalton Baretto - Canaccord Genuity

Operator

Thank you for standing by. This is the conference operator. Welcome to Equinox Gold's Second Quarter 2023 Results and Corporate Update. As a reminder, all participants are in listen-only mode, and the conference is being recorded. [Operator Instructions]

I would now like to turn the conference over to Rhylin Bailie, Vice President, Investor Relations for Equinox Gold. Please go ahead.

Rhylin Bailie

Thank you, [Gillian], and thank you, everybody, for joining us this morning. We will, of course, be making a number of forward-looking statements today. So please do visit our continuous disclosure documents on our website, on SEDAR and on EDGAR.

I'd now like to turn the call over to our CEO and President, Greg Smith.

Greg Smith

Thanks, Rhylin and good morning, and thanks, everyone, for joining us today, especially at this very early hour on the West Coast here. On the call with me is our COO, Doug Reddy, our CFO, Peter Hardie; our EVP of Exploration, Scott Heffernan and our VP of Investor Relations, Rhylin Bailie, who you just heard from. As a quick introduction to those new to the company, Equinox is a diversified Americas-focused gold producer.

We have 7 producing mines across Brazil, Mexico and the United States, and we also have several growth projects, including our large-scale Greenstone Gold mine in Ontario, which is in construction now with our 40% joint venture partner, Orion Mine Finance.

So today, we're discussing our 2023 second quarter financial and operating results. But before we jump into those results, I just want to acknowledge the fatality at our Santa Luz mine in June. This was a tragic incident, and we extend our deepest sympathies to our employees, family, friends and coworkers. We had a 1-week site-wide suspension of operations at Santa Luz to facilitate the investigation and to refresh safety training.

I'll now start with a broad overview for the quarter, and then I'll turn over the call to Pete and Doug for more details. We had a solid quarter with sales of just over 138,000 ounces at a cash cost per ounce sold of $13.61 and an all-in sustaining cost per ounce sold of 1502. For the first 6 months of the year, we sold 261,000 ounces at cash costs of $13.54 per ounce and all-in sustaining cost of $15.76 per ounce. This reflects record sales for the company for the first 6 months of the year, and we remain on track to meet our 2023 production and cost guidance.