Equinox Gold Corp. (NYSE:EQX) Q3 2024 Earnings Conference Call November 7, 2024 10:30 AM ET

Company Participants

Rhylin Bailie - VP, IR
Greg Smith - President and CEO
Peter Hardie - CFO
Doug Reddy - COO

Conference Call Participants

Anita Soni - CIBC
Jeremy Hoy - Canaccord Genuity

Operator

Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold Third Quarter 2024 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, operator, and thank you, everybody, for joining us here this morning. We will, of course, be making a number of forward-looking statements today. So please do visit our website, SEDAR and EDGAR to learn more about the company and read the rest of our continuous disclosure documents.

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

Greg Smith

Thanks, Rhylin, and good morning, everyone, and thanks for joining the call. 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. Today, we are discussing Equinox Gold's 2024 third quarter financial and operating results. I'll start with a broad overview of the quarter, and then I'll turn the call over to Pete and Doug for more details.

I'm going to start with safety. Our safety performance this quarter was good. Six of our sites had no lost time incidents with two recorded for the quarter overall, and our 12-month rolling total recordable injury frequency rate stands at 1.79 per million hours worked. We also had no significant environmental incidents in Q3.

With the increasing production from Greenstone and the strong gold prices, this was a record third quarter for the company. In terms of gold sales, revenue, adjusted EBITDA and other metrics with just under 174,000 gold ounces produced and sold at a cash cost per ounce sold of $1,720 and an all-in sustaining cost per ounce sold of $1,994 per ounce. Note that cash costs and all-in sustaining cost per ounce do not include cost per ounce for Greenstone as Greenstone was not yet commercially producing in Q3. However, revenue and operating costs in the financial statements do include sales and costs from Greenstone.