SCHEDULE 13G: Donald Smith & Co. Discloses 5.23% Stake in Equinox Gold Corp.

Investment adviser Donald Smith & Co., Inc. and affiliated entities have reported a beneficial ownership of 5.23% of Equinox Gold Corp.'s common stock as of March 31, 2025.

Summary

• Donald Smith & Co., Inc., along with DSCO Value Fund, L.P., Donald Smith Value Fund, L.P., Jon Hartsel, and Kamal Shah, collectively reported beneficial ownership of 23,863,759 shares of Equinox Gold Corp. common stock.
• This aggregate ownership represents 5.23% of Equinox Gold Corp.'s outstanding common stock.
• The filing indicates that the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Donald Smith & Co., Inc. holds sole voting power over 23,028,327 shares and sole dispositive power over 23,319,397 shares.
• DSCO Value Fund, L.P. holds sole voting and dispositive power over 224,505 shares.
• Donald Smith Value Fund, L.P. holds sole voting and dispositive power over 305,516 shares.
• Jon Hartsel holds sole voting and dispositive power over 10,055 shares.
• Kamal Shah holds sole voting and dispositive power over 4,286 shares.
• The filing was made under Rule 13d-1(b), indicating an institutional investor or group holding shares in the ordinary course of business.

Sentiment

Score: 6

Explanation: The filing indicates a significant institutional stake by Donald Smith & Co., Inc. and its affiliates, which can be seen as a vote of confidence. However, it does not provide operational or financial performance details.

Positives

• The disclosure of a significant 5.23% stake by an institutional investment adviser like Donald Smith & Co., Inc. can be viewed positively as it signals institutional confidence in Equinox Gold Corp.
• The filing indicates that the shares are held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist intent to influence control.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding a 5.23% stake may instill confidence and potentially attract further institutional interest, positively impacting shareholder sentiment.

Key Dates

Keywords

Equinox Gold Corp., Donald Smith & Co., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Adviser