Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Investor Presentation (September 2023)
28 slides from Equinox Gold's investor presentation, September 2023
Slide 1: Creating the Premier Americas Gold Producer
equinoxgold.com Creating the Premier Americas Gold Producer CORPORATE PRESENTATION September 2023
Slide 2: Cautionary Notes
Cautionary Notes This presentation shall not constitute an offer to sell or a solicitation of an offer to purchase securities, and shall not comply with environmental, health and safety laws; the Company’s ability to achieve its objective of becoming an industry leader constitute an offer, solicitat
Slide 3: Equinox Gold: Creating the Premier Americas Gold Producer
Equinox Gold: Creating the Premier Americas Gold Producer In its first five years Equinox Gold has grown from a single-asset developer to a diversified gold producer with potential to produce more than 1 Moz of gold annually1 2018 2019 2020 2021 2022 20232 25,601 oz 201,017 oz 477,186 oz 602,110 oz
Slide 4: Diversified Producer: Mines, Countries, New Mine on Track for 2024
Diversified Producer: 7 Mines, 4 Countries, 1 New Mine on Track for 2024 7 1 3 Producing Mine in Expansion Mines Construction Projects Greenstone (60%) Castle Mountain / Expansion ~17 Moz ~16 Moz Mesquite P&P Gold M&I Gold Reserves Resources1 Los Filos / Expansion Aurizona / Expansion Santa Luz ~590
Slide 5: Seven Operating Mines: 555,000 - 625,000 oz of Gold Expected in 2023
Seven Operating Mines: 555,000 - 625,000 oz of Gold Expected in 20231 Aurizona, Maranhão, Brazil Mesquite, California, USA 120,000 - 130,000 oz of gold 80,000 - 90,000 oz of gold Fazenda, Bahia, Brazil Castle Mountain, California, USA 60,000 - 65,000 oz of gold 25,000 - 30,000 oz of gold Santa Luz,
Slide 6: Greenstone: Building one of Canada's Largest Gold Mines
Greenstone: Building one of Canada’s Largest Gold Mines ~400,000 oz gold expected per year1 ~$170 M remaining spend2 1.27 g/t gold average grade ~5.5 Moz P&P Reserves1 ~1.5 Moz M&I Resources1 1. Average annual production for the first five years, of which 60% is attributable to Equinox Gold. 2. Equi
Slide 7: Greenstone: On Schedule and On Budget
Greenstone: On Schedule and On Budget Progress at August 25, 2023 • Overall project 90% complete • Construction 89% complete • Concrete 96% complete • Structural steel 98% complete • Tailings facility 88% complete • Mechanical, piping and electrical ~80% complete Ball mills • On budget with $937 M s
Slide 8: Greenstone: 90% Complete, Pre-Commissioning Underway
Greenstone: 90% Complete, Pre-Commissioning Underway Power Plant Process Plant Tailings Facility Additional Infrastructure • 99.7% complete • 84% complete • 88% complete • Truck shop, warehouse, • Successful first start • Both ball mills • South portion complete water treatment plants, in August mec
Slide 9: Greenstone: Key Milestones to H1 2024 Gold Pour
Greenstone: Key Milestones to H1 2024 Gold Pour Q3 2023 Q4 2023 H1 2024 Highway 11 open to traffic • Mechanical, piping and • Hot commissioning with ore • Power plant complete electrical installation complete and reagents in system • Process plant construction • Commence process plant • First gold
Slide 10: Organic Growth: Expansion Projects
Organic Growth: Expansion Projects Castle Mountain Mine, California, USA Increase mining to stack over 45,000 t/d on heap leach pads ~218,000 oz/year expected average annual production, 14-year mine life1 Aurizona Mine, Maranhão, Brazil Mining of new underground and additional open-pit deposits conc
Slide 11: Financial Strength: Well Funded to Deliver Growth
Financial Strength: Well Funded to Deliver Growth1 (info at June 30, 2023) Cash 2 Debt 3 Investments 6 Resilience Unrestricted cash Debt available Equity investments $75 M available through ~$174 M $127 M 4 ~$140 M ATM facility pursuant to $500 M base shelf Ongoing cash flow Accordion available pros
Slide 12: ESG: Committed to Responsible and Ethical Mining
ESG: Committed to Responsible and Ethical Mining Target to achieve 25% reduction in GHG emissions by 2030 ENVIRONMENT SOCIAL GOVERNANCE • Beat 2022 environmental • Beat 2022 health and safety • Expanded ESG disclosure incident target by 61%1 target by 36%2 and performance metrics • Improved environm
Slide 13: Aligned with Investors: Peer-leading Insider Ownership
Aligned with Investors: Peer-leading Insider Ownership 8.2% 1.4% Insider Ownership2 Ross Beaty Equinox Gold 12% Other Insiders Endeavour Mining 18.1% Shareholders1 High Net Worth EquinoxEquinox Gold 8.6% 12% Retail/Other Evolution 1.1% 65% Corporate B2Gold 0.9% 2% Institutional Eldorado 0.8% SSR Min
Slide 14: Equinox Gold: Creating the Premier Americas Gold Producer
Equinox Gold: Creating the Premier Americas Gold Producer USA Canada ~4.6 Moz Reserves ~3.3 Moz Reserves3 ~115 Koz annual production1 ~240 Koz annual production3 ~300 Koz with expansion2 First production in H1 20241 Mexico Brazil ~5.4 Moz Reserves ~3.6 Moz Reserves ~170 Koz annual production1 ~310 K
Slide 15: Appendix
Appendix 15
Slide 16: Equinox Gold: Corporate Summary
Equinox Gold: Corporate Summary Common Shares 1 313.0 M Avg. Daily Shares Traded 5 TSX: 1.4 M + NYSE-A: 2.0 M Options @ avg. C$5.61 1,2 1.2 M Cash 6 ~ US$174 M Restricted Share Units 3 6.8 M Net Debt 7 ~ US$661 M Potential Shares from Convertible Notes 44.5 M Convertible Notes @ avg. US$6.52 8 US$27
Slide 17: 2023 Plan: Production and Cost Guidance
2023 Plan: Production and Cost Guidance Sustaining Growth Production Cash Costs1,2 AISC1,2 Expenditure Expenditure (ounces) ($/ounce) ($/ounce) 70,000 ounces more ($M)1,2 ($M)2 than normalized Mesquite 80,000-90,000 $1,345-$1,410 $1,415-$1,480 $5 $16 2022 production 6 Castle Mountain 25,000-30,000 $
Slide 18: Greenstone: Near-Mine & Belt-Scale Exploration Potential
Greenstone: Near-Mine & Belt-Scale Exploration Potential Belt-scale potential Near-mine potential 1 10km 1 Hosts the unexploited Kailey Deposit) 1. Northern Empire, Sand River and Greenstone Satellite Mineral Resource Estimate Leitch held 100%(Exclusiv by Equinox Gold. e of Mineral Reserves) Deposit
Slide 19: Bahia: District-scale Potential Between Fazenda – Santa Luz Mines
Bahia: District-scale Potential Between Fazenda – Santa Luz Mines 19
Slide 20: Aurizona: Advancing an Underground Expansion
Aurizona: Advancing an Underground Expansion1 Extend mine life and increase production by mining underground deposit and satellite open-pit deposits concurrently with existing open pit Permits in place for three portal locations Advancing feasibility study Starting portal development in H1 2024 1. S
Slide 21: Aurizona: Mine Life Extension Along Strike
Aurizona: Mine Life Extension Along Strike Numerous PIABA NORTH TREND deposits within Tatajuba grades similar GENIPAPO MESTRE trucking distance or higher than Piaba: CHICO of existing plant • 13.74 g/t Au/ 35 m • 2.71 g/t Au/ 56 m PIABA and surface • 2.47 g/t Au/ 69 m MICOTE infrastructure • 1.42 g/
Slide 22: Aurizona: District-scale Potential on EQX Land Package
Aurizona: District-scale Potential on EQX Land Package Numerous regional targets within ~1,100 km 2 land package 22
Slide 23: Castle Mountain: Easy Site Access, Synergies with Mesquite Mine
Castle Mountain: Easy Site Access, Synergies with Mesquite Mine Phase 2 expansion will be contained Castle within existing Mountain approved mine boundary Mesquite 23
Slide 24: Equinox Gold: Proven & Probable Mineral Reserves
Equinox Gold: Proven & Probable Mineral Reserves1 Proven Probable Proven & Probable Mine/Project Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (kt) (g/t) gold (koz) (kt) (g/t) gold (koz) (kt) (g/t) gold (koz) Mesquite 34 0.79 1 30,264 0.48 470 30,298 0.48 471 Castle Mountain 8
Slide 25: Equinox Gold: Measured & Indicated Mineral Resources
Equinox Gold: Measured & Indicated Mineral Resources1,2 Measured Indicated Measured & Indicated Mine Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (kt) (g/t) gold (koz) (kt) (g/t) gold (koz) (kt) (g/t) gold (koz) Mesquite 81 0.77 2 104,910 0.41 1,382 104,991 0.41 1,384 Castle
Slide 26: Equinox Gold: Inferred Mineral Resources
Equinox Gold: Inferred Mineral Resources1 Contained Gold Mine Tonnes (kt) Grade (g/t) (koz) Mesquite 84,030 0.34 912 Castle Mountain 69,890 0.63 1,422 Los Filos 135,935 0.74 3,237 Aurizona 12,689 2.19 895 Fazenda 3,283 1.50 158 RDM 3,614 1.95 226 Santa Luz 7,254 2.09 490 Greenstone 2 14,969 3.83 1,8
Slide 27: Equinox Gold: Technical Disclosure
Equinox Gold: Technical Disclosure National Instrument 43-101 Scientific and technical information concerning the Los Filos Mine Complex is summarized, derived, or Scientific and technical information concerning the Hasaga Property is summarized, derived, or extracted extracted from the “Updated Tec
Slide 28: ir@equinoxgold.com www.equinoxgold.com
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com 28 TSX: EQX | NYSE-A: EQX
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