Gold’s Next Move Is Political, Not Technical | Ross Beaty - Equinox Gold

Video Description

In this conversation with Ross Beaty, Chairman of Equinox Gold [TSX: EQX | NYSE: EQX], we dig into the macro forces behind gold’s breakout and what the new price environment means for producers. Ross explains why the equity market finally caught up to the metal, why the last six months have been a turning point for Equinox, and how scale, leverage, and timing shaped the company he set out to build in 2017. We get into the Equinox–Calibre merger and why it unlocked the rerating Ross had been waiting for. He breaks down how he evaluates M&A, what makes a combination actually work for shareholders, and why some deals in the sector destroy value while others become catalysts. Ross also outlines the path to higher quality assets, shedding high cost operations, and focusing the portfolio for long term durability. On growth, Ross lays out the near term focus: ramping Greenstone and Valentine, resolving community issues in Mexico, advancing Castle Mountain through the US fast track permitting system, and paying down debt to position the company for a future dividend. He also gives a candid look at when buybacks or capital returns become realistic and why 2026 is shaping up to be a key transition year. We wrap with a more personal question: why, after building 16 companies, Ross still shows up every morning. His reflections on creating value, discovery, philanthropy, and legacy offer a rare look at what drives one of the industry’s most successful builders. If you found value in this conversation, stay plugged in. Subscribing, commenting, and sharing helps us bring on more leaders who move markets and shape the mining sector. #Gold #goldmining #goldprice #stockmarket #finance Catch our full suite of content below: Website: https://thedeepdive.ca/ Twitter: https://twitter.com/TheDeepDive_ca Facebook: https://www.facebook.com/TheDeepDive.ca/ Instagram: https://www.instagram.com/the.deep.dive/ LinkedIn: https://www.linkedin.com/company/the-... ==================================================================== Looking for better insights on the markets? The Deep Dive Spotlights is providing exclusive industry insights from executives, insiders, technicians, specialists and more. We're upgrading our Canadian small cap coverage from written to visual, hitting investors with a double dose of market insights to provide a special look into just what's happening in the Canadian public markets. ================================================================= TheDeepDive.ca Team Writers: Jordan Lutz & Steve Hyland Producer: Chriz Rayos Host: Steve Hyland Post Production Head: Oveja Rayos ================================================================= Disclaimer: Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses. 00:00 Introduction 01:09 Gold’s Repricing and the End of the Equity Disconnect 03:35 Why the Macro Still Favors Gold 05:47 Building Scale in a Cyclical Business 10:02 The Calibre Deal and the Rerating Trigger 15:24 The Next Wave of Growth Across Equinox’s Assets 19:38 Paying Down Debt and When Capital Returns Begin 21:13 Jurisdictions That Matter and the Politics Behind Mining 23:53 The Drive to Build: What Keeps Ross in the Game