Slide 1: Creating the Premier Americas Gold Producer
equinoxgold.com Creating the Premier Americas Gold Producer CORPORATE PRESENTATION August 2023
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; operational risks statements within the meaning of applicable securiti
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 the assets in place to produce more than 1 Moz of gold annually1 2018 2019 2020 2021 2022 20232 25,601 oz 201,017 oz 477,186 oz 6
Slide 4: Diversified Producer: Mines, Countries, New Mine
Diversified Producer: 7 Mines, 4 Countries, 1 New Mine in 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 Koz ~$300
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: On Budget and On Track for H1 2024 Production
Greenstone: On Budget and On Track for H1 2024 Production ~400,000 oz gold expected per year1 ~$170 M remaining spend2 1.27 g/t gold average grade ~5.5 Moz P&P Reserves1 ~2.6 Moz M&I Resources1 1. Average annual production for the first five years, of which 60% is attributable to Equinox Gold. See T
Slide 7: Greenstone: Building one of Canada's Largest Gold Mines
Greenstone: Building one of Canada’s Largest Gold Mines ~400,000 oz gold/year for first five years1, 14+ year mine life • Developed by Equinox Gold (60%) and Orion (40%) • More than 5 Moz1 of gold expected to be produced over initial mine life • Expansion and extension potential from additional depo
Slide 8: Greenstone: On Budget and On Track for H1 2024 Production
Greenstone: On Budget and On Track for H1 2024 Production Progress at July 21, 2023 • Overall project 85% complete • Construction 83% complete • Procurement 87% complete • Concrete 93% complete • Structural steel 89% complete • Piping and electrical 67% complete Ball mills • Capital spend 76% comple
Slide 9: 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 10: Peer-leading Growth Profile: Organic Growth from Existing Assets
Peer-leading Growth Profile: Organic Growth from Existing Assets P/NAV1 (x) 2025E Production1 (Moz Au) 2022E - 2025E Prod. Growth1 (%) Total Reserves1,2 (Moz Au) Evolution 1.24x Northern Star 1.9 Equinox Equinox Gold 64% Northern Star 20.2 Alamos 1.09x Endeavour 1.4 New Gold 48% Equinox Gold Equinox
Slide 11: Investing in Growth: Assets in Place for 1+ Moz Annual Production
Investing in Growth: Assets in Place for 1+ Moz Annual Production Potential for ~575 Koz incremental growth1 Revaluation potential with growth2 • Enhanced scale and diversity with Greenstone • Increased production, higher cash flow, lower costs • Catalyst rich investment plans • Enhanced diversifica
Slide 12: Financial Strength: Funded to Deliver Growth
Financial Strength: Funded to Deliver Growth1 Cash 2 Debt Available 3 Investments 6 Resilience Unrestricted cash Corporate revolver 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 prospectus 7 from seven $100
Slide 13: 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 14: Aligned with Investors: Peer-leading Insider Ownership
Aligned with Investors: Peer-leading Insider Ownership 8.2% 1.4% Insider Ownership2 Ross Beaty Equinox Gold Other Insiders Endeavour Mining 18.1% Shareholders1 12% 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 15: 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 16: Appendix
Appendix 16
Slide 17: 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$27
Slide 18: 2023 Plan: Production and Cost Guidance
2023 Plan: Production and Cost Guidance Sustaining Growth Production Cash Costs1,2 AISC1,2 Expenditure Expenditure (ounces) ($/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 production6 Castle Mountain 25,000-30,000 $1
Slide 19: 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%(Exclusive by Equinox Gold. of Mineral Reserves) Deposit
Slide 20: Castle Mountain: Easy Site Access, Synergies with Mesquite
Castle Mountain: Easy Site Access, Synergies with Mesquite Phase 2 expansion will be contained within existing approved mine Castle Mountain boundary Mesquite 20
Slide 21: Aurizona: Mine Life Extension Along Strike and Underground
Aurizona: Mine Life Extension Along Strike and Underground PIABA NORTH Numerous TREND deposits within Tatajuba grades similar GENIPAPO MESTRE or higher than Piaba: CHICO trucking • 13.74 g/t Au/ 35 m distance of • 2.71 g/t Au/ 56 m PIABA MICOTE • 2.47 g/t Au/ 69 m existing plant • 1.42 g/t Au/ 34 m
Slide 22: Bahia: District-scale Potential Between Fazenda – Santa Luz Mines
Bahia: District-scale Potential Between Fazenda – Santa Luz Mines 22
Slide 23: Non-core Assets: Bringing Value to Equinox Gold
Non-core Assets: Bringing Value to Equinox Gold Divest: Mercedes & Pilar Launch: Solaris Create: i-80 Gold Create: Sandbox Royalties Sold non-core assets Spin-out to shareholders Spinco from Premier acquisition Spin-out non-core royalties ~$175 M (Total value) $640 M (Current market cap) $630 M (Cur
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 2 Greenstone 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
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