Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Investor Presentation (May 2022)
28 slides from Equinox Gold's investor presentation, May 5, 2022
Slide 1: The Premier Americas Gold Producer
equinoxgold.com The Premier Americas Gold Producer CORPORATE PRESENTATION May 5, 2022
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all, including for the RDM statements within the meaning of applicable securities l
Slide 3: Equinox Gold: The Premier Americas Gold Producer
Equinox Gold: The Premier Americas Gold Producer 6 1 4 Producing Mine in Growth Mines Commissioning Projects 30 Moz Greenstone (60%) Castle Mountain / Expansion 16 Moz Mesquite P&P Gold M&I Gold Reserves Resources1 ~670 Koz ~$465 M Aurizona / Expansion Santa Luz Los Filos / Expansion Gold Production
Slide 4: Operating Mines: USA and Mexico
Operating Mines: USA and Mexico Mesquite Mine, California • Opening up new ore body, exploration in multiple deposits, 60% of production expected in H2 2022 • 2022 guidance: 120,000-130,000 oz of gold Castle Mountain, California • Introducing crushing and agglomeration to increase recoveries • Permi
Slide 5: Operating Mines: Brazil
Operating Mines: Brazil Aurizona Mine, Maranhão • Installing pebble crusher, continuing near mine and district exploration • Advancing studies and permitting for underground expansion • 2022 guidance: 120,000-130,000 oz of gold Fazenda Mine, Bahia • Increasing underground development to open up new
Slide 6: Santa Luz Mine: Ramping up to Commercial Production
Santa Luz Mine: Ramping up to Commercial Production First gold pour March 30, 2022 • Past producing mine: refurbished existing infrastructure and retrofitted processing plant • $103 M construction capex • Average 100,000 oz gold life-of-mine • Mining commenced in June 2021 • Completed construction w
Slide 7: Santa Luz: Site Facilities
Santa Luz: Site Facilities Crushing area Mine pit Plant area 7
Slide 8: Greenstone Project: Construction Underway
Greenstone Project: Construction Underway Building one of the largest gold mines in Canada • Developed by Equinox Gold (60%) and Orion (40%) • 5.5 Moz gold reserves with significant exploration upside1 • More than 5 Moz oz gold over initial 14-year mine life1 • More than 400,000 oz/year production f
Slide 9: Greenstone Project: Construction Progress
Greenstone Project: Construction Progress Fuel Station Admin Building Truck Shop Construction Office Pond M1 Power Plant Mill Building Effluent Treatment Plant Reagent - Industrial Pad Warehouse Batch Plant 9
Slide 10: Greenstone Project: Construction Progress
Greenstone Project: Construction Progress East end mill Tailings storage facility starter dam construction Power plant Concrete batch plant Truck shop 10
Slide 11: Committed to Responsible and Ethical Mining
Committed to Responsible and Ethical Mining 2021 Environmental, Governance & Social (ESG) Report published May 4th Launched new ESG portal at www.EquinoxGold.com ENVIRONMENT SAFETY ENERGY & GHG COMMUNITIES Beat 2021 environmental Beat 2021 safety targets, Achieved 2021 short-term Installed water tre
Slide 12: Investing for Growth and Long-term Production
Investing for Growth and Long-term Production ~600 Koz incremental growth from existing assets Revaluation potential with growth • Enhanced scale and diversity with Greenstone • Increased production, higher cash flow,1.1x lower costs • Catalyst rich investment plans • Enhanced diversification across
Slide 13: Funded to Deliver Growth
Funded to Deliver Growth Cash1 Bank Debt3 Cash Flow Strong balance sheet and cash Unrestricted cash Term loan 2022 all-in sustaining flow funds ~$265 M ~$80 M drawn margin4 at $1,800 Au growth >$300 M5 Corporate revolver Total liquidity $200 M drawn ~$465 M2 $200 M available ~$465 M ~$375 M Total li
Slide 14: Creating the Premier Americas Gold Producer
Creating the Premier Americas Gold Producer Canada USA 3.3 Moz Reserves2 ~240 Koz annual production2 4.6 Moz Reserves First production in H1 2024 ~155 Koz annual production >300 Koz with expansions1 Mexico Brazil 3.6 Moz Reserves 4.5 Moz Reserves ~345 Koz annual production ~170 Koz annual production
Slide 15: Appendix
Appendix 15
Slide 16: Equinox Gold: Corporate Summary
Equinox Gold: Corporate Summary Common Shares 1 303.5 M Avg. Daily Trading Value 5 ~ C$13 M + US$13 M Unlisted Warrants @ avg. C$5.30 1,2 0.6 M Cash 6 ~ US$265 M Options @ avg. C$6.62 1,2 2.1 M Net Debt 7 ~ US$385 M Restricted Share Units 3 4.5 M Convertible Notes @ avg. US$6.52 8 US$278.9 M Fully D
Slide 17: 2022 Guidance: Investing for Growth and Long-term Production
2022 Guidance: Investing for Growth and Long-term Production Production Cash Costs1 AISC1,2 Sustaining Growth (ounces) ($/ounce) ($/ounce) Capital ($M)1 Capital ($M)1 Fourth consecutive year of production Los Filos 160,000-180,000 $1,400-$1,475 $1,625-$1,700 $38 $62 growth Mesquite 120,000-130,000 $
Slide 18: 2022 Guidance: Investing for Growth and Long-term Production
2022 Guidance: Investing for Growth and Long-term Production Non-sustaining capex lower in H2 following Santa Luz completion Sustaining Capex Sustaining Capex Non-Sustaining • Los Filos: Open-pit waste stripping ($13M), underground development ($7M), (M$) Capex (M$) fleet rebuilds and processing equ
Slide 19: Q1 2022 Operating Results
Q1 2022 Operating Results Health, safety, environment • Total recordable injury frequency rate in Q1 2022 of 3.76 per M hours worked, 5 3.01 rolling 12-month average1 LOST-TIME INCIDENTS • Significant environmental incident frequency rate of 0.00 Consolidated operating results 117,452 oz GOLD PRODUC
Slide 20: Q1 2022 Financial Highlights & Recent Developments
Q1 2022 Financial Highlights & Recent Developments Consolidated financial results • Revenue $223.2 M $151 M • Mine operating earnings $28.5 M CASH AND EQUIVALENTS AT MARCH 314 • Adjusted EBITDA $43.4 M1 $351 M • Net loss $19.8 million / $(0.07) (basic) per share • Adjusted net loss $23.9 M / $(0.08)
Slide 21: Significant Production and Reserve Growth in Four Years
Significant Production and Reserve Growth in Four Years 1,200,000 16.4 Moz Annual Gold Production Attributable Gold Reserves Annual Gold Production (oz) 12.1 Moz 600,000 5.7 Moz 5.6 Moz 0.9 Moz 0 2018 2018 2019 2019 2020 2020 2021 2021 2022E 2022 1 Mid-2020s 2023 2 + Mesquite + Aurizona + Leagold +
Slide 22: Value Add Per Share
Value Add Per Share Reserve/Resource Growth Operating Cash Flow Growth Production Growth per 1,000 Shares per 1,000 Shares per 1,000 Shares 120 $1,200 4 Mineral Reserves & Resources (oz Au/1,000 shares) Annual Production (oz Au/1,000 shares) Operating Cash Flow ($/1,000 shares) 1 100 $800 3 80 60 $4
Slide 23: Peer-leading Insider Ownership
Peer-leading Insider Ownership Insider Ownership2 8% 0.5% Equinox Gold Ross Beaty Equinox Gold Shareholders1 13% Other Insiders High Net Worth 56% Retail/Other 16% Corporate 6% Institutional USA Geographic 30% 35% Europe Location Australasia South America Canada 2% 2% 15% Source: Company filings, Fa
Slide 24: Equinox Gold: Proven & Probable Mineral Reserves
Equinox Gold: Proven & Probable Mineral Reserves 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) Aurizona 16,581 1.39 740 15,749 1.82 920 32,330 1.60 1,660 Castle Mou
Slide 25: Equinox Gold: Measured & Indicated Mineral Resources
Equinox Gold: Measured & Indicated Mineral Resources1 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) Aurizona 19,849 1.40 892 29,994 1.86 1,797 49,844 1.67 2,689 Castl
Slide 26: Equinox Gold: Inferred Mineral Resources
Equinox Gold: Inferred Mineral Resources Contained Gold Mine Tonnes (kt) Grade (g/t) (koz) Aurizona 13,067 2.18 915 Castle Mountain 86,271 0.58 1,608 Mesquite 85,419 0.34 928 Los Filos 98,204 0.83 2,633 RDM 3,614 1.94 226 Fazenda 3,296 1.51 160 Santa Luz 7,265 2.07 483 1 Greenstone 15,300 3.78 1,857
Slide 27: Technical Disclosure
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 “Independent Technical Rep
Slide 28: ir@equinoxgold.com www.equinoxgold.com
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com 28 TSX: EQX | NYSE-A: EQX