Toronto, Feb 24, 2026, 08:16 EST — Premarket
- Equinox Gold ended Monday’s session in Toronto up 6.25%. Its U.S.-listed shares were also trading higher after hours.
- The focus heading into Tuesday: a fresh quarterly dividend and plans for a buyback.
- Gold dropped over 1% on Tuesday, posing a short-term challenge for gold miners.
Equinox Gold shares closed up 6.25% in Toronto on Monday at C$24.48. U.S. shares changed hands after hours at $17.85, roughly 6% higher than the previous close. (MarketScreener)
This shift lands at a crucial time for Equinox, as the company looks to move beyond cutting debt and start focusing on consistent cash returns. In its Feb. 18 results, Equinox reported slashing its debt by $1.1 billion since the second quarter of 2025, bringing net debt down to roughly $75 million as of Jan. 31. (GlobeNewswire)
It’s hitting the sector at an odd time. Gold prices remain high and choppy, headlines keep moving the market, and “shareholder returns” feel as relevant as they are uncertain.
The company on Monday reported it has submitted its audited financials and accompanying management’s discussion and analysis for the year ending Dec. 31, 2025. (MarketScreener)
Equinox on Feb. 18 rolled out its first-ever quarterly cash dividend—$0.015 a share, set for payment March 26 to those holding shares as of March 12. The company also revealed it’s filed an application with the Toronto Stock Exchange for a normal course issuer bid, a mechanism that lets firms buy back their own stock. “With our strengthened balance sheet, Equinox Gold is pleased to announce the initiation of a quarterly cash dividend,” said chief executive Darren Hall. (Equinox Gold)
Gold slipped over 1% on Tuesday, giving up ground after hitting a three-week peak. The firmer dollar and a round of profit taking were the main drivers. “There was some profit taking as prices spiked to highs of around $5,249/oz,” said Zain Vawda, analyst at MarketPulse by OANDA. Traders are still looking for signals on U.S. tariff policy. (Investing.com)
For miners such as Equinox, bullion’s moves usually call the shots. A dividend news burst might jolt shares for a session, but it’s the metal that keeps the momentum going through the week.
Equinox runs gold mines in Canada and throughout the Americas, and it’s been promoting a slate of development and expansion projects as it unveils its fresh capital return framework.
Still, there’s no guarantee on cash returns. Dividends are up to the board, and any buyback faces regulatory hurdles and debt covenants. If gold prices tumble, free cash flow could get squeezed fast. (stocktitan.net)
Investors are eyeing any word from the TSX regarding the buyback application, as well as the March 12 record date for the first dividend, set for payment on March 26.
