Equinox Gold Corp. · AMEX:EQX
Equinox Gold — World Gold Forum 2020
28 slides from Equinox Gold's conference presentation, Apr 20, 2020
Slide 1: A Premier Americas Gold Producer
equinoxgold.com A Premier Americas Gold Producer WORLD GOLD FORUM April 2020
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements This presentation contains certain forward-looking information and forward-looking statements within the mining industry; and those factors identified in the Company’s year-end MD&A. Forward- the meaning of applicable securities legislation and may in
Slide 3: A Premier Americas Gold Producer
A Premier Americas Gold Producer Castle Mountain Phase 1 & 2 6 4 PRODUCING GROWTH Mesquite MINES PROJECTS Aurizona 12.7 Moz 23.6 Moz P&P GOLD M&I GOLD Santa Luz RESERVES RESOURCES1 Los Filos / Expansion Pilar ~570 Koz ~$1,030/oz GOLD PRODUCTION ALL-IN-SUSTAINING RDM IN 20202 COSTS IN 20202 Fazenda 1
Slide 4: COVID-19 Response
COVID-19 Response Protecting our workforce and communities Protecting our business Health & Safety Business Continuity Workforce Support Travel restrictions Government engagement Regular communication Remote work policies Contingency plan with suppliers Job protection Restrictions to site access Alt
Slide 5: Peer-leading Gold Reserves, Diversified Asset Base
Peer-leading Gold Reserves, Diversified Asset Base One third of 12.7 Moz Castle Mountain Phase 1 & 2 P&P Reserves and 23.6 Moz M&I Resources1 is in each of USA Mesquite the USA, Mexico and Brazil 4.6 Moz Reserves Aurizona Castle Mountain Mesquite Santa Luz Los Filos / Expansion Pilar Brazil Mexico 3
Slide 6: Peer-leading Reserve and Production Growth
Peer-leading Reserve and Production Growth Single-asset developer to multi-mine producer Mar 2020: 120 3.0 Merged with Leagold Mining Jul 2019: Ounces of Gold Production per 1,000 Shares 100 2.5 Aurizona Mine Dec 2017: Jul 2018: Ounces of Gold per 1,000 Shares achieved production Three-way Castle Mo
Slide 7: Peer-leading Capital Markets Growth
Peer-leading Capital Markets Growth Increased capital markets scale and liquidity provides entry point for index inclusion and new institutional investors $2,500 $25 Avg. Market Cap (C$M) Avg. Daily Trading Value (C$M) $2,000 $20 Mar 2020: Avg. Daily Trading Value (C$M) Average Market Cap (C$M) GDXJ
Slide 8: Peer-leading Insider Ownership
Peer-leading Insider Ownership Insiders have personally invested to hold ~11% of the Company Equinox Gold Shareholders Insider Ownership1 Endeavour Mining 30.6% Equinox Equinox Gold 11.3% 9% Ross Beaty 2% B2Gold 1.8% Alacer 1.0% Other Insiders 36% 14% Evolution 1.0% Corporate Northern Star 0.9% IAMG
Slide 9: Enhanced Scale Creates Re-rate Opportunity
Enhanced Scale Creates Re-rate Opportunity Potential for further re-rate as production continues to grow 1.50x Evolution 1.25x B2Gold Kirkland Lake SSR Saracen Northern Star 1.00x Mining Pretium Yamana P / NAV (ratio) Regis Equinox Gold Endeavour Alamos (Current) Mining 0.75x Centerra Alacer St Barb
Slide 10: Growing Production in Mining Friendly Jurisdictions
Growing Production in Mining Friendly Jurisdictions Peer-leading growth profile 1,200,000 1,000,000 Los Filos - Current Gold Production (oz) Pilar 800,000 615,000 to 680,000 Fazenda oz of gold1 RDM Aurizona 600,000 Mesquite Castle Mtn - Phase 1 Los Filos Expansion 400,000 Castle Mtn - Phase 2 Santa
Slide 11: Los Filos: Expansion Project Underway
Los Filos: Expansion Project Underway Current Expansion 170-190,000 oz Up to 400,000 oz/yr production 2020 production1 3.2 Moz LOM production2 • Los Filos open-pit mine • Additional mines and infrastructure • Los Filos underground mine - Bermejal underground mine • Bermejal open-pit mine - Guadalupe
Slide 12: Aurizona: Potential for Expansion and Mine Life Extension
Aurizona: Potential for Expansion and Mine Life Extension Current Expansion 115-125,000 oz Upside Potential 2020 production1 Mine life, production • 6.5-year mine life with existing • Near-mine extension to west of reserves 1 Moz P&P Reserves @ 1.52 g/t Au • Higher-grade discoveries to east • 1.7 Mo
Slide 13: Castle Mountain: Two-phase Expansion Project
Castle Mountain: Two-phase Expansion Project Long-life Phase 1 Low-cost Mine 45,000 oz / year $58 M Capex 3.6 Moz Gold Reserves 16 Year Initial Mine Life Phase 2 200,000 oz / year $763/oz ~$175 M Capex + Fleet Avg. LOM AISC1 SYNERGIES With Mesquite Mine 1. As per the July 2018 pre-feasibility study.
Slide 14: Santa Luz: Re-start Plan
Santa Luz: Re-start Plan1 11-yr Mine Life Restart Plan $82 M Capex • All major infrastructure in place • Key permits in place for construction and 1.3 Moz operations • Retrofit existing plant for resin-in-leach Gold Reserves processing • Upside potential ~100,000 oz - Exploration of two parallel tre
Slide 15: Other Assets in the Americas
Other Assets in the Americas Mesquite (California) • Open-pit heap leach mine in operation since 1985 • M&I Resources of 2.9 Moz1, including P&P Reserves of 1.0 Moz1 • 2020 guidance: 120-130,000 oz at AISC of $975-$1,025/oz2 Fazenda (Brazil) • Primarily underground mining with 1.3 Mtpa CIL plant • M
Slide 16: 2020 Value Creation
2020 Value Creation Creating a premier Complete at-market merger with Leagold Mining Americas gold Achieve corporate and site integration benefits producer Operations Los Filos expansion Complete Castle Mountain Phase 1 for 45,000 oz/yr gold1 Review Castle Mountain Phase 2 for 200,000 oz/yr gold
Slide 17: Appendix
Appendix 17
Slide 18: Equinox Gold Corporate Summary
Equinox Gold Corporate Summary Common Shares 1 214.5 M Fully Diluted Shares 4 272.4 M Listed Warrants @ C$15.00 2 16.1 M Daily Trading Value 5 ~ C$9.5 M + US$3.5 M Unlisted Warrants @ avg C$9.44 2 24.7 M Cash / Drawn Debt 6 $300 M / $512 M Options @ avg C$7.19 2 8.4 M Equity Settled Notes 7 $279 M R
Slide 19: 2020 Production and Cost Guidance (post merger)
2020 Production and Cost Guidance (post merger)1 Guidance does not include potential effects related to COVID-19 2 Production AISC3,4 Sustaining Non-Sustaining (oz) ($/oz) Capital1 Capital1 Los Filos1,2 170,000 - 190,000 $1,000 - $1,050 $24 M $51 M Aurizona 115,000 - 125,000 $1,100 - $1,150 $40 M $1
Slide 20: Equinox Gold Q4 and Full-year 2019 Highlights
Equinox Gold Q4 and Full-year 2019 Highlights Achieved 2019 production and AISC/oz guidance Three months ended Year ended December December December December Operating data Units 31, 2019 31, 2018 31, 2019 31, 2018 Gold produced oz 80,176 25,601 194,941 25,601 Gold produced pre-commercial operation
Slide 21: Committed to Continuous Improvement and Responsible Mining
Committed to Continuous Improvement and Responsible Mining Environment Social Governance Equinox Gold is a signatory to Aurizona received Excellence in Insiders have personally the International Cyanide Mining & Metallurgy Industry invested to own ~11% of Management Code; Mesquite award in 2018 and
Slide 22: Aurizona: Mine Life Extension Along Strike
Aurizona: Mine Life Extension Along Strike PIABA NORTH TREND Tatajuba strike similar to Piaba, GENIPAPO MESTRE grades similar or higher: CHICO • 13.74 g/t Au/ 35 m • 2.71 g/t Au/ 56 m PIABA OPEN PIT MICOTE • 1.42 g/t Au/ 34 m PIABA EXTENSION TATAJUBA TARGET High-grade near-surface discoveries east o
Slide 23: Castle Mountain: Easy Site Access in Safe Jurisdiction
Castle Mountain: Easy Site Access in Safe Jurisdiction Castle Mountain Mesquite 23
Slide 24: Proven & Probable Mineral Reserves
Proven & Probable Mineral Reserves Proven Probable Proven and 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 8,438 1.44 392 11,398 1.58 579 19,836 1.52 971 Castle Mountain 136,611 0
Slide 25: Measured & Indicated Mineral Resources
Measured & Indicated Mineral Resources Measured Indicated Measured and 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 8,957 1.43 414 23,670 1.64 1,249 32,627 1.58 1,663 Castle Mountain 160
Slide 26: Inferred Mineral Resources
Inferred Mineral Resources Contained Gold Mine Tonnes (kt) Grade (g/t) (koz) Aurizona 16,960 1.98 1,080 Castle Mountain 171,395 0.40 2,210 Mesquite 15,000 0.38 184 Los Filos 98,204 0.83 2,633 RDM 8,305 1.50 401 Fazenda 6,040 2.45 476 Pilar 20,399 3.21 2,108 Santa Luz 7,700 2.02 501 Total Inferred 34
Slide 27: Technical Disclosure
Technical Disclosure National Instrument 43-101 There is no certainty that the mine plans and economic models contained in any of the reports Unless otherwise stated, scientific and technical information concerning the Mesquite Mine is will be realized. Readers are further cautioned that mineral res
Slide 28: ir@equinoxgold.com www.equinoxgold.com
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com TSX: EQX | NYSE-A: 28 EQX