Added to YB: 2025-12-22
Pitch date: 2025-12-18
EQX [neutral]
Equinox Gold Corp.
+2.73%
current return
Author Info
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Company Info
Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.
Market Cap
CAD 10.9B
Pitch Price
CAD 19.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.75
P/E
122.25
EV/Sales
5.43
Sector
Metals and Mining
Category
special_situation
My take on the EQX situation
EQX (special sit overview): Australian mining co seeking US$529M-$2B from Congo in ICSID arbitration for iron ore project expropriation. Strong legal case - counterclaims dismissed, final hearing completed Nov 2025, award pending. But Congo failed to pay A$1.2M tribunal-ordered costs since July, signaling collection risk. Even conservative US$600M award faces enforcement challenges vs state with limited attachable assets. Timeline 2028-2030 creates dilution risk for A$27M market cap company.
Read full article (5 min)