Equinox Gold Corp. (NYSE:EQX) Q3 2023 Earnings Conference Call November 1, 2023 10:30 AM ET

Company Participants

Rhylin Bailie - VP of IR

Greg Smith - CEO, President and Director

Peter Hardie - CFO

Doug Reddy - COO

Conference Call Participants

Wayne Lam - RBC

Kerry Smith - Haywood Securities

John Sclodnick - Desjardins

Anita Soni - CIBC World Markets

Michael Parkin - National Bank

Operator

Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold Third Quarter 2023 Results and Corporate Update. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [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, Chris, and thank you, everybody, for joining us this morning to discuss our Q3 results. We will, of course, be making a number of forward-looking statements today. So please do visit our website and our continuous disclosure documents on SEDAR and EDGAR to learn more about the company.

I will now pass the conference over to our CEO and President, Greg Smith.

Greg Smith

Thanks, Rhylin, and good morning, and thanks, everyone, for joining the call today. On the line with me is our COO, Doug Reddy, our CFO, Peter Hardie; our EVP of Exploration, Scott Heffernan and of course, our VP of Investor Relations, Rhylin Bailie.

Again, today, we're discussing Equinox Gold's 2023 third quarter financial and operating results and I'll just start with a broad overview for the quarter and then turn the call over to Pete and Doug for more details.

So, this was a record quarter or a record third quarter for the company in terms of gold sales and revenue, with just over 148,000 ounces of gold sold at a realized gold price of $19.17 per ounce. Cash cost per ounce sold was $13.63 with all-in sustaining cost per ounce sold at $16.03. I would note that these costs do include our write-down of inventory at Los Filos, which totaled approximately $70 per ounce on a consolidated basis.

For the first nine months of the year, we sold 409,000 ounces at a cash cost of $13.57 per ounce and all-in sustaining costs of $15.95 per ounce. These also take into account the inventory write-down at Los Filos. These results also reflect record sales for the company for the first nine months of the year, and we remain on track to meet our 2023 production and cost guidance.