Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Q2 2025 Earnings Presentation
13 slides from Equinox Gold's earnings presentation, Aug 14, 2025
Slide 1: Operational Discipline & Delivery: Q2 2025 Results & Corporate Update
Operational Discipline & Delivery High Calibre Canadian Mines Drive the Next Chapter Q2 2025 RESULTS & CORPORATE UPDATE AUGUST 14, 2025 Date X, 2025
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking hazards; relationships with, and claims by, local communities and Indigenous populations; Equinox Gold’s ability to statements within the meaning of applicable securities l
Slide 3: Equinox Gold: Building a Top Quartile Gold Company
Equinox Gold: Building a Top Quartile Gold Company Path to achieving top quartile valuation Diversified Portfolio Weighted to Canada (Consensus Analyst NAV by Region)1 • Reset expectations, a foundation from which to rebuild market credibility • Completed a strategic merger with Calibre Mining • >65
Slide 4: Equinox Gold: Q2 2025 Performance
Equinox Gold: Q2 2025 Performance Consolidated 2025 Production (100%) Consolidated Results (Including Calibre assets from January 1, 2025) 785,000 - 915,000 ozs (Including Calibre assets from Jan 1, 2025) • Q2 production of 219,122 oz (Excluding Los Filos, Castle Mountain and Valentine) • Total Cash
Slide 5: Greenstone: Improving performance
Greenstone: Improving performance………… What have we focused on………….. Deployment of Human Capital • D. Schummer, (Operations) J. Becerra (Supply Chain), D. Coy (Operating Efficiencies) • Two senior load/haul advisors (35+ yrs experience each) Alignment with Vendors and Service Providers • Komatsu, SMS
Slide 6: Valentine: First Ore on Schedule for End of August
Valentine: First Ore on Schedule for End of Month August First Gold Construction & Commissioning Materially Complete • Electrical & Instrumentation, ball mill, SAG mill, inching drive tested and rotated successfully • Mill motors, leaching circuit, ADR plant, electrical substation, control systems a
Slide 7: Equinox Gold: Building a Top Quartile Gold Company
Equinox Gold: Building a Top Quartile Gold Company H2 2025 Production & Cash Flow Growth EV/2025-2027 Production ($/oz)1 (Analyst estimates) Greenstone, Canada Lundin Gold $27,002 • Continued improvement and ramp up underway Alamos $17,032 Valentine, Canada Evolution $14,447 Top • Ore to the plant o
Slide 8: Appendix
Appendix
Slide 9: 2025 Guidance
2025 Guidance CANADA 2025 GUIDANCE1,3 Greenstone, Valentine Production Total Cash Costs2 All-in Sustaining Cost2 Growth Capital2 Exploration (ounces) ($/ounce) ($/ounce) ($ million) ($ million) Greenstone 220,000 – 260,000 $1,275 – $1,375 $1,700 – $1,800 $80 – $85 $2 – $3 BRAZIL Aurizona, RDM, Brazi
Slide 10: Proven & Probable Mineral Reserves
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) Greenstone 6,817 1.16 255 137,846 1.23 5,445 144,662 1.23 5,700 Valentine 23,400 1
Slide 11: Measured & Indicated Mineral Resources
Measured & Indicated Mineral Resources1 Measured Indicated Measured & Indicated 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) Greenstone 29,967 2.30 2,218 29,967 2.30 2,218 Brookbank 3,428 5.45 600
Slide 12: Inferred Mineral Resources
Inferred Mineral Resources1 Inferred Inferred (cont.) Mine/Project Tonnes Grade Contained Mine/Project Tonnes Grade Contained (kt) (g/t) Gold (koz) (kt) (g/t) Gold (koz) Greenstone 26,371 3.26 2,763 Los Filos 135,935 0.74 3,237 Brookbank 751 3.30 80 El Limon 6,332 4.43 902 Kailey 4,858 0.87 136 La L
Slide 13: Technical Disclosure
Technical Disclosure National Instrument 43-101 Scientific and technical information concerning the Los Filos Mine Complex is summarized, derived, or White Pine County, Nevada” dated March 16, 2023 with an effective date of December 31, 2022. Each extracted from the “Updated Technical Report for the