Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Investor Presentation (March 2023)
28 slides from Equinox Gold's investor presentation, March 2023
Slide 1: Creating the Premier Americas Gold Producer
equinoxgold.com Creating the Premier Americas Gold Producer CORPORATE PRESENTATION March 2023
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected statements within the meaning of applicable securities legi
Slide 3: Equinox Gold: The Fastest-Growing Gold Company
Equinox Gold: The Fastest-Growing Gold Company 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 25,601 oz 201,017 oz 477,186 oz 602,110 oz 532,319
Slide 4: Equinox Gold: Creating the Premier Americas Gold Producer
Equinox Gold: Creating the Premier Americas Gold Producer 7 4 Producing Growth Mines 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 ~$327 M Gold Production Total Liquidit
Slide 5: 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 Reserves2 (Moz Au) Evolution 1.43x Northern Star 2.0 Equinox Equinox Gold 63% Northern Star 20.6 Northern Star 1.12x Endeavour 1.6 New Gold 50% Equinox Gold Eq
Slide 6: Greenstone Project: Building one of Canada's Largest Gold Mines
Greenstone Project: Building one of Canada’s Largest Gold Mines1 P&P Reserves Average Grade Annual Production2 5.5 Moz 1.27 g/t Gold ~400,000 oz Gold M&I Resources Initial Capex First Production 2.6 Moz $1.225 B H1 2024 1. 100% basis of which 60% is attributable to Equinox Gold. 2. Average annual pr
Slide 7: Greenstone Project: Cornerstone Asset for Equinox Gold
Greenstone Project: Cornerstone Asset for Equinox Gold One of the highest-grade open-pit gold mines of scale in Canada 2.0 Lynn Lake 1.6 Valentine Lake Greenstone Reserve Grade (g/t Au) Rainy River Development 1.2 Canadian Malartic Magino Production Moose River Cote 0.8 Dublin Gulch Blackwater Bubbl
Slide 8: Greenstone Project: On Track for H1 2024 Production
Greenstone Project: On Track for H1 2024 Production Building one of the largest gold mines in Canada • Developed by Equinox Gold (60%) and Orion (40%) • More than 5 Moz of gold produced over initial 14-year mine life1 • Extension potential from underground and near-mine deposits • Excellent infrastr
Slide 9: Greenstone Project: On Budget and On Track for H1 2024 Production
Greenstone Project: On Budget and On Track for H1 2024 Production Progress at February 10, 2023 • Overall project 70% complete • Construction 61% complete • Procurement 82% complete • Concrete 79% complete • Structural steel 66% complete • Mining started in Q3 2022, 2.6 Mt moved by year end Leach ta
Slide 10: Greenstone Project: Upcoming Milestones
Greenstone Project: Upcoming Milestones Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1-Q2 2024 All buildings enclosed Mechanical, piping and Pre-commissioning TSF complete Commissioning Commence ball mill electrical installations of power plant and Hwy relocation complete First gold pour installation All equipm
Slide 11: Operating Mines: USA and Mexico
Operating Mines: USA and Mexico Mesquite Mine, California, USA 2022: 123,965 oz of gold at $1,285/oz AISC1 2023 plan: Pivot to less stripping and small-pit mining in 2023 to reduce costs, continue exploration and permitting for mine life extension Castle Mountain Mine, California, USA 2022: 23,227 o
Slide 12: Operating Mines: Brazil
Operating Mines: Brazil Aurizona Mine, Maranhão Fazenda Mine, Bahia 2022: 102,368 oz at $1,503/oz AISC1 2022: 65,641 oz at $1,215/oz AISC1 2023 plan: Expanded mining fleet will 2023 plan: Steady state production, maintain productivity, installation of underground development and pebble crusher will
Slide 13: 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 Permitting underway, application submitted in March 2022 ~218,000 oz/year average annual production, 14-year mine life1 Aurizona Mine, Maranhão, Brazil Mining of under
Slide 14: Organic Growth: Assets in Place for 1 Moz Annual Production
Organic Growth: Assets in Place for 1 Moz Annual Production1 ~575 Koz incremental growth from existing assets2 Revaluation potential with growth3 • Enhanced scale and diversity with Greenstone • Increased production, higher cash flow, lower costs • Catalyst rich investment plans • Enhanced diversifi
Slide 15: Financial Strength: Funded to Deliver Growth
Financial Strength: Funded to Deliver Growth Cash1 Bank Debt3 Cash Flow Resiliency Corporate revolver Ongoing cash flow $100 M at-the-market Unrestricted cash $700 M from seven operating facility in place ~$200 M $127 M available mines pursuant to $500 M base shelf prospectus Total liquidity Accordi
Slide 16: 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 • Significantly expanded ESG incident target by 61% target by 36% disclosure and performance metrics • Impro
Slide 17: Aligned with Investors: Peer-leading Insider Ownership
Aligned with Investors: Peer-leading Insider Ownership 7.7% 0.4% Insider Ownership2 Ross Beaty Equinox Gold Endeavour Mining 19.9% 13% Other Insiders Shareholders1 Equinox EquinoxGold Gold 8.1% High Net Worth B2Gold 1.3% 61% Retail/Other 16% Evolution 1.1% Corporate Eldorado 0.7% 2% Institutional SS
Slide 18: 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 Reserves2 ~120 Koz annual production ~240 Koz annual production2 ~300 Koz with expansions1 First production in H1 2024 Mexico Brazil 5.4 Moz Reserves 3.6 Moz Reserves ~170 Koz annual production ~325 Koz ann
Slide 19: Appendix
Appendix 19
Slide 20: Equinox Gold: Corporate Summary
Equinox Gold: Corporate Summary Common Shares 1 312.1 M Avg. Daily Shares Traded 5 TSX: 1.5 M + NYSE-A: 2.3 M Unlisted Warrants @ avg. C$5.30 1,2 0.6 M Cash 6 ~ US$200 M Options @ avg. C$6.60 1,2 1.6 M Net Debt 7 ~ US$630 M Restricted Share Units 3 4.6 M Convertible Notes @ avg. US$6.52 8 US$278.9 M
Slide 21: 2023 Plan: Production and Cost Guidance
2023 Plan: Production and Cost Guidance Sustaining Growth Production Cash Costs1,2 AISC1,2 Expenditure Expenditure (ounces) ($/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 22: 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 23: Bahia: District-scale Potential Between Fazenda – Santa Luz Mines
Bahia: District-scale Potential Between Fazenda – Santa Luz Mines 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 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
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com 28 TSX: EQX | NYSE-A: EQX