Greenstone was Equinox Gold’s largest segment in fiscal 2025, bringing in $777.59M of $1.82B (43%).
| Segments [axis] | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2025 |
|---|---|---|---|---|---|---|
| Greenstone | — | $777.59M | ||||
| Nicaragua | — | $491.59M | ||||
| Mesquite | $220.47M | $286.89M | ||||
| Aurizona | $183.27M | — | ||||
| Los Filos | $237.98M | $109.45M | ||||
| Fazenda | $116.40M | — | ||||
| Rdm | $58.11M | — | ||||
| Valentine | — | $80.53M | ||||
| Santa Luz | $65.28M | — | ||||
| Minera Mercedes Minerales, S. De. R.L. De C.V | $28.81M | — | ||||
| Pan | — | $41.50M | ||||
| Corporate & Other | — | — | ||||
| Castle Mountain | $41.89M | $29.64M | ||||
| Total | $952.20M | $1.82B |
Equinox Gold brought in $1.82B from its seven segments in fiscal 2025, the year ended December 31, 2025. Equinox Gold regrouped these segments after fiscal 2022, so the total does not compare directly with that year's $952.20M. Greenstone was the largest at $777.59M (42.8%), ahead of Nicaragua at $491.59M (27.1%) and Mesquite at $286.89M (15.8%). The other four segments brought in $261.11M combined.
Compared with fiscal 2022, the previous year with figures, Mesquite grew 30.1% to $286.89M, while Los Filos fell 54.0% to $109.45M.
Equinox Gold began breaking out Greenstone in fiscal 2025, Nicaragua in fiscal 2025, Valentine in fiscal 2025 and Pan in fiscal 2025. Equinox Gold stopped reporting Aurizona ($183.27M in fiscal 2022), Fazenda ($116.40M in fiscal 2022), Santa Luz ($65.28M in fiscal 2022) 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 2020, bringing in $354.98M of $833.34M (43%).
| Customer | FY 2019 | FY 2020 |
|---|---|---|
| Customer 1 | — | $354.98M |
| Customer 3 | — | $259.37M |
| Customer 4 | — | $87.55M |
| Customer Four | $280.41M | — |
| Customer 2 | — | $131.44M |
| Total | $280.41M | $833.34M |
Equinox Gold brought in $833.34M from its four revenue lines in fiscal 2020, the year ended December 31, 2020. Equinox Gold regrouped these revenue lines after fiscal 2019, so the total does not compare directly with that year's $280.41M. Customer 1 was the largest at $354.98M (42.6%), ahead of Customer 3 at $259.37M (31.1%) and Customer 2 at $131.44M (15.8%). The remaining revenue line, Customer 4, brought in $87.55M.
Equinox Gold began breaking out Customer 1 in fiscal 2020, Customer 3 in fiscal 2020, Customer 4 in fiscal 2020 and Customer 2 in fiscal 2020. Equinox Gold stopped reporting Customer Four as a separate revenue line after fiscal 2019, when it brought in $280.41M.
Equinox Gold (EQX) reports its revenue by segments [axis], by geography and by customer. In fiscal 2025, Greenstone was its largest segment, bringing in $777.59M (42.8% of the total), followed by Nicaragua at $491.59M (27.1%).
Greenstone was Equinox Gold's largest segment in fiscal 2025, bringing in $777.59M, or 42.8% of the $1.82B 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 2020, bringing in $354.98M, or 42.6% of the $833.34M total across its four 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 2018, 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.