10 Stocks Crushing While Wall Street Naps

4. Equinox Gold Corp. (NYSEAmerican:EQX)

Equinox soared to a new record high on Thursday, as investors took heart from expectations of a strong second half of the year, despite a dismal earnings performance in the past quarters.

At intra-day trading, the company soared to a new high of $7.9, before paring gains to end the day just up by 15.17 percent at $7.82 apiece.

In its updated report, Equinox Gold Corp. (NYSEAmerican:EQX) said it is officially entering a pivotal phase on expectations of strong production in the years ahead, following the completion of its acquisition of Calibre Mining Corp.

“We expect a strong second half of the year, with production on track to meet our full-year consolidated guidance of 785,000 to 915,000 ounces and anticipate continued growth in both production and cash flow into 2026,” said Equinox Gold Corp. (NYSEAmerican:EQX) CEO Darren Hall.

“Our focus is clear as we grow into a top-tier producer—operational excellence, disciplined capital allocation, and deliver on our commitments to drive debt reduction, optimize our balance sheet, and maximize returns for shareholders,” he added.

In the second quarter of the year, Equinox Gold Corp. (NYSEAmerican:EQX) dropped its net income by 93 percent to $23.8 million from $353.5 million in the same period last year, despite revenues increasing by 77.6 percent to $478.6 million from $269.4 million in the same period.

In the first half, the company swung to a net loss of $51.6 million from a $310.7 million net income in the same period last year. Revenues increased by 76.7 percent to $902.4 million from $510.8 million.