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Equinox Gold announced it made a record $1.0 billion in sales last quarter after merging with Orla Mining.

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Good for EQX

Equinox Gold reported record third-quarter revenue of $1.0 billion, and cash costs and mine costs including upkeep per ounce fell 9% and 4% from Q2. Two added mines contributed production for only 2 months, but the record revenue and falling costs favor the company.

EQX · Equinox Gold Corp.

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Lower costs per ounce improve the gap between the amount received for gold and the cost to produce it. The results include 2 months of production from Musselwhite and Camino Rojo after the Orla combination, so some output came from newly added mines. The planned reorganization may simplify the company, but no savings were reported.

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