Greenstone was Equinox Gold’s largest segment in fiscal 2025, bringing in $777.59M of $1.63B (48%).
| Segments [axis] | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Greenstone | — | — | $278.37M | $777.59M | |||
| Metal | — | — | — | $301.00M | |||
| Los Filos | $237.98M | $305.95M | $412.24M | $109.45M | |||
| Mesquite | $220.47M | $168.00M | $173.22M | $286.89M | |||
| Aurizona | $183.27M | $233.42M | — | — | |||
| Fazenda | $116.40M | $127.96M | — | — | |||
| Rdm | $58.11M | $101.93M | — | — | |||
| Santa Luz | $65.28M | $110.12M | — | — | |||
| Valentine | — | — | — | $80.53M | |||
| Minera Mercedes Minerales, S. De. R.L. De C.V | $28.81M | — | — | — | |||
| Pan | — | — | — | $41.50M | |||
| Corporate & Other | — | — | — | — | |||
| Castle Mountain | $41.89M | $40.81M | $49.00M | $29.64M | |||
| Total | $952.20M | $1.09B | $912.84M | $1.63B |
Equinox Gold brought in $1.63B from its seven segments in fiscal 2025, the year ended December 31, 2025. Equinox Gold regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $912.84M. Greenstone was the largest at $777.59M (47.8%), ahead of Metal at $301.00M (18.5%) and Mesquite at $286.89M (17.6%). The other four segments brought in $261.11M combined.
Compared with fiscal 2024, Greenstone grew fastest, up 179.3% to $777.59M, while Los Filos fell the most, down 73.5% to $109.45M.
Equinox Gold began breaking out Greenstone in fiscal 2024, Valentine in fiscal 2025 and Pan in fiscal 2025. Equinox Gold stopped reporting Aurizona ($233.42M in fiscal 2023), Fazenda ($127.96M in fiscal 2023), Santa Luz ($110.12M in fiscal 2023) and two others as separate segments.
United States was Equinox Gold’s largest region in fiscal 2019, bringing in $178.18M of $281.70M (63%).
| Geography | FY 2019 |
|---|---|
| United States | $178.18M |
| Brazil | $103.52M |
| Total | $281.70M |
Equinox Gold brought in $281.70M from its two regions in fiscal 2019, the year ended December 31, 2019. United States was the largest at $178.18M (63.3%), ahead of Brazil at $103.52M (36.7%).
Customer 1 was Equinox Gold’s largest revenue line in fiscal 2023, bringing in $653.40M of $1.07B (61%).
| Major Customers | FY 2019 | FY 2020 | FY 2023 |
|---|---|---|---|
| Customer 1 | $354.98M | $653.40M | |
| Customer 3 | $259.37M | $145.81M | |
| Customer 2 | $131.44M | $268.69M | |
| Customer 4 | $87.55M | — | |
| Customer Four | — | — | |
| Total | $833.34M | $1.07B |
Equinox Gold brought in $1.07B from its three revenue lines in fiscal 2023, the year ended December 31, 2023. Equinox Gold regrouped these revenue lines after fiscal 2020, so the total does not compare directly with that year's $833.34M. Customer 1 was the largest at $653.40M (61.2%), ahead of Customer 2 at $268.69M (25.2%) and Customer 3 at $145.81M (13.7%).
Compared with fiscal 2020, the previous year with figures, Customer 2 grew fastest, up 104.4% to $268.69M, while Customer 3 fell the most, down 43.8% to $145.81M.
Equinox Gold stopped reporting Customer 4 as a separate revenue line after fiscal 2020, when it brought in $87.55M.
Equinox Gold (EQX) reports its revenue by segments [axis], by geography and by major customers. In fiscal 2025, Greenstone was its largest segment, bringing in $777.59M (47.8% of the total), followed by Metal at $301.00M (18.5%).
Greenstone was Equinox Gold's largest segment in fiscal 2025, bringing in $777.59M, or 47.8% of the $1.63B total across its seven segments.
United States was Equinox Gold's largest region in fiscal 2019, bringing in $178.18M, or 63.3% of the $281.70M total across its two regions.
Customer 1 was Equinox Gold's largest revenue line in fiscal 2023, bringing in $653.40M, or 61.2% of the $1.07B total across its three revenue lines.
Every figure comes from Equinox Gold's annual financial filings, as reported. Each line keeps the name Equinox Gold gives it, and years follow its fiscal calendar.
Equinox Gold's revenue by segments [axis] goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.