Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Investor Presentation (January 2023)
24 slides from Equinox Gold's investor presentation, January 2023
Slide 1: The Premier Americas Gold Producer
equinoxgold.com The Premier Americas Gold Producer CORPORATE PRESENTATION January 2023
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave- statements within the meaning of applicable securities
Slide 3: Equinox Gold: The Premier Americas Gold Producer
Equinox Gold: The Premier Americas Gold Producer 7 4 Producing Growth Mines Projects 16 Moz Greenstone (60%) Castle Mountain / Expansion 17 Moz Mesquite P&P Gold M&I Gold Reserves Resources (exclusive)1 ~532 Koz ~$327 M Aurizona / Expansion Santa Luz Los Filos / Expansion Gold Production Total Liqui
Slide 4: Greenstone Project: On Budget and on Track for H1 2024 Production
Greenstone Project: On Budget and 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 • More than 400,000 oz/year production for first five years1 • Excel
Slide 5: Greenstone Project: Construction Progress
Greenstone Project: Construction Progress HPGR Crushers and Retaining Wall East End Mill West End Mill with E-Room All Six Gensets Installed 5
Slide 6: Greenstone Project: Construction Progress
Greenstone Project: Construction Progress Progress is documented weekly in the Greenstone Construction Photo Gallery at www.EquinoxGold.com 6
Slide 7: Operating Mines: USA and Mexico
Operating Mines: USA and Mexico Mesquite Mine, California, USA Open-pit heap leach mine operating since 1986 110,000-130,000 oz of gold per year1 Exploration for mine life extension Castle Mountain Mine, California, USA Open-pit heap leach mine operating since 2020 25,000-35,000 oz of gold per year
Slide 8: Operating Mines: Brazil
Operating Mines: Brazil Aurizona Mine, Maranhão Fazenda Mine, Bahia Open-pit mine since 2019 Operating for nearly 40 years 110,000-130,000 oz per year1 60,000-65,000 oz per year1 Advancing expansion to 150,000+ oz Replaced reserves for last 5 years RDM Mine, Minas Gerais Santa Luz Mine, Bahia Commer
Slide 9: Expansion Projects
Expansion Projects Castle Mountain Mine, California, USA Construct a new 3,200 t/d milling and CIL plant for higher-grade ore Expand existing heap leach facilities to 45,350 t/d ~218,000 oz/year average annual production, 14-year mine life $389 M initial capital costs (March 2021 feasibility study),
Slide 10: Investing for Growth and Long-term Production
Investing for Growth and Long-term Production ~600 Koz incremental growth from existing assets1 Revaluation potential with growth2 • Enhanced scale and diversity with Greenstone • Increased production, higher cash flow,1.1x lower costs • Catalyst rich investment plans • Enhanced diversification acro
Slide 11: Funded to Deliver Growth
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 Accordion feature ~$327 M2
Slide 12: Committed to Responsible and Ethical Mining
Committed to Responsible and Ethical Mining Quarterly performance data published in ESG portal at www.EquinoxGold.com ENVIRONMENT SAFETY ENERGY & GHG COMMUNITIES Improved 7% in 2022 Improved 29% in 2022 New solar and wind power Training programs, compared to 2021 compared to 2021 contracts in Brazil
Slide 13: Peer-leading Insider Ownership
Peer-leading Insider Ownership Insider Ownership2 7.7% 0.4% Equinox Gold Ross Beaty Equinox Gold 8.1% Shareholders1 13% Other Insiders High Net Worth 61% Retail/Other 16% Corporate 2% Institutional USA Geographic 31% Europe 39% Location Australasia South America Canada 2% 2% 15% Source: Company fili
Slide 14: Creating the Premier Americas Gold Producer
Creating the Premier Americas Gold Producer USA Canada 4.6 Moz Reserves 3.3 Moz Reserves2 ~155 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 ~345 Koz annual production
Slide 15: Appendix
Appendix 15
Slide 16: Equinox Gold: Corporate Summary
Equinox Gold: Corporate Summary Common Shares 1 305.1 M Avg. Daily Trading Value 5 ~ C$12 M + US$12 M Unlisted Warrants @ avg. C$5.30 1,2 0.6 M Cash 6 ~ US$200 M Options @ avg. C$6.47 1,2 2.0 M Net Debt 7 ~ US$650 M Restricted Share Units 3 2.6 M Convertible Notes @ avg. US$6.52 8 US$278.9 M Fully D
Slide 17: 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 18: Aurizona Underground Expansion: Highlights (Sept 2021 PFS)
Aurizona Underground Expansion: Highlights (Sept 2021 PFS) • After-tax NPV5% of $314 M at $1,500/oz gold ($600 M at $1,800/oz gold) • $464 M after-tax LOM cumulative net cash flow at $1,500/oz gold ($830 M at $1,800/oz gold) • $803/oz avg LOM cash costs • $944/oz avg AISC from Year 3 onward and $1,0
Slide 19: Bahia: District-scale Potential Between Fazenda – Santa Luz Mines
Bahia: District-scale Potential Between Fazenda – Santa Luz Mines 19
Slide 20: 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) Aurizona 16,581 1.39 740 15,749 1.82 920 32,330 1.60 1,660 Castle Mo
Slide 21: 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) Aurizona 3,505 1.45 163 14,612 1.50 704 18,117 1.49 868 Castle M
Slide 22: Equinox Gold: Inferred Mineral Resources
Equinox Gold: Inferred Mineral Resources1 Contained Gold Mine Tonnes (kt) Grade (g/t) (koz) Aurizona 12,689 2.19 895 Castle Mountain 69,890 0.63 1,422 Mesquite 84,030 0.34 912 Los Filos 135,935 0.74 3,237 RDM 3,614 1.95 226 Fazenda 3,283 1.50 158 Santa Luz 7,254 2.09 490 2 Greenstone 14,969 3.83 1,8
Slide 23: Technical Disclosure
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 Technical Report
Slide 24: ir@equinoxgold.com www.equinoxgold.com
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com 24 TSX: EQX | NYSE-A: EQX