EQX

Equinox Gold is a gold producer (Gold and Silver Ores), but as a foreign private issuer its SEC footprint here is a Form SD filed 2026-06-05 plus a single XBRL datum: 786M shares outstanding for FY2025, up a striking 72.6% year over year. No revenue, cash-cost, margin, leverage, or returns figures are provided.

The standout fact is the 72.6% YoY increase in shares — substantial dilution, typically the result of a large equity-funded acquisition or financing. For a gold miner, this materially raises the per-share bar: production and cash flow must grow faster than the share count for existing holders to come out ahead, and there is no production or cost data here to confirm that. That tilts the risk slightly to the downside relative to a clean balance sheet.