Share Structure
At August 3, 2022, Equinox Gold had the following securities issued and outstanding:
| 305.1 M Issued common shares |
0.6 M Shares issuable from warrants |
5.0 M Options and RSUs |
355.1 M Fully diluted shares * |
*The fully diluted share count assumes full conversion of in-the-money convertible notes, held primarily by Mubadala Investment Company and Pacific Road. Mubadala holds notes of $130M and Pacific Road of $9.7M, convertible at a fixed US$ price of $5.25 per share at the holders’ option, which comes due on April 12, 2024. Mubadala also holds a second $130M note and Pacific Road holds $9.3M convertible at a fixed US$ price of $7.80 per share at the holder’s option, which comes due on March 10, 2025. If both notes were fully converted, the Company would issue 44.5 M shares.
TSX:EQX |
NYSE-A:EQX |
Top Shareholders
Based on the most recent reports on Form 13F filed by institutional investment managers, Equinox Gold’s top shareholders include:
- Van Eck Associates
- Ross Beaty (individual shareholder and Chair of the company)
- Kopernik Global Investors
- The Vanguard Group
- Sprott Asset Management
- Invesco Advisors
- Donald Smith & Company
- Cobas Asset Management
- Norges Bank Investment Management
- Paulson & Company
- Lemanik Asset Management
- Baker Steel Capital Managers
- Shell Asset Management
Shareholder Base
Broad mix of institutional, high-net-worth and retail shareholders
Equinox Gold has a broad shareholder base with strategic long-term shareholders and a balanced mix of institutional, high-net-worth and retail investors. Equinox Gold’s Chairman, Ross Beaty, has invested more than US$120 million since November 2017 to become the Company’s largest shareholder. Collectively, Equinox Gold’s executives and directors have personally invested to hold more than 8% of the Company - one of the highest insider ownership rates in the industry - ensuring the interests of investors and Equinox Gold’s leadership team are aligned.