Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Q4 2025 Earnings Presentation
10 slides from Equinox Gold's earnings presentation, Feb 19, 2026
Slide 1: Q4 2025 Results & Corporate Update
Gaining Momentum Streamlined Portfolio Strong Balance Sheet Q4 2025 RESULTS & CORPORATE UPDATE FEBRUARY 19, 2026 Date X, 2025
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking Non-IFRS Measures. This presentation refers to all-in sustaining costs (AISC) per ounce sold, cash costs per ounce statements within the meaning of applicable securities le
Slide 3: Equinox Gold: 2025 A Transformational Year
Equinox Gold: 2025 A Transformational Year Merger with Calibre reset the foundation of the business and Diversified portfolio weighted to Canada marked the beginning of a new chapter (Consensus Analyst NAV by Region)4 Building Confidence, Delivered 2025 Production & Cost Guidance1 • Record full year
Slide 4: Equinox Gold: Q4 & Full Year 2025 Performance
Equinox Gold: Q4 & Full Year 2025 Performance Q4 2025 Results1 Improving Financial Metrics • Produced 247,024 oz (including 23,207 from Valentine, 1,336 from Castle) $600 $0.60 • Sold 242,392 oz at a realized gold price of $4,060/oz • Total cash costs1 $1,392/oz $500 $0.50 • All-in sustaining costs1
Slide 5: Canadian Production: Continued Momentum
Canadian Production: Continued Momentum Q4 2025 Greenstone Performance • Produced 72,091 ounces, 29% increase vs Q3 • Mining exceeded 198,000 tpd, 9% increase vs Q3 • Mill throughput averaged 23,859 tpd, 15% increase vs Q3 • Plant averaged nameplate of 27,000 tpd for 30 consecutive days ending Decem
Slide 6: Equinox Gold: Continued Momentum and Value Creation
Equinox Gold: Continued Momentum and Value Creation Key Metrics in Place to Deliver Top Quartile Valuation 1,000,000 Quality long life, high margin gold assets Located in Tier 1 jurisdictions + 500,000 oz organic growth potential 4 That deliver into expectations Organic growth pipeline 750,0
Slide 7: Appendix
Appendix
Slide 8: 2026 Guidance
2026 Guidance CANADA 2026 GUIDANCE1 Greenstone Valentine Nicaragua Greenstone Mesquite Consolidated Newfoundland, Ontario, Canada Complex California, USA Canada Gold Production 700,000 - 800,000 250,000 - 300,000 150,000 - 200,000 200,000 - 250,000 70,000 - 80,000 (ounces) CANADA Valentine Cash Cost
Slide 9: Technical Disclosure
Technical Disclosure National Instrument 43-101 Scientific and technical information concerning the Los Filos Mine Complex is summarized, Readers are reminded that results outlined in the technical reports for some of these projects derived, or extracted from the “Updated Technical Report for the Lo
Slide 10: ir@equinoxgold.com www.equinoxgold.com
TSX: EQX NYSE-A: EQX +1 604.260.0516 ir@equinoxgold.com www.equinoxgold.com 10