Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Investor Presentation (November 2022)
28 slides from Equinox Gold's investor presentation, November 2022
Slide 1: The Premier Americas Gold Producer
equinoxgold.com The Premier Americas Gold Producer CORPORATE PRESENTATION November 2022
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking relations; relationships with, and claims by, local communities and indigenous populations; Equinox Gold’s ability to 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 ~540 Koz ~$270 M Aurizona / Expansion Santa Luz Los Filos / Expansion Gold Production Total Liqui
Slide 4: 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 • More than 400,000 oz/year production for first five years1 • Excellent infrastru
Slide 5: Greenstone Project: Tracking on Time, on Budget
Greenstone Project: Tracking on Time, on Budget Construction progress at October 21, 2022 • Overall project 57% complete • Construction 47% complete • Procurement 65% complete • Earthworks 67% complete • Structural concrete 67% complete • Structural steel 38% complete • Process plant 31% complete •
Slide 6: Greenstone Project: Construction Progress
Greenstone Project: Construction Progress N Reclaim tunnel Leaching Crushers Power plant HPGR Reagent cold storage Grinding Mill building Construction and admin offices Truck shop Effluent water treatment plant Progress is documented weekly in the Greenstone Construction Photo Gallery at www.Equinox
Slide 7: Operating Mines: USA and Mexico
Operating Mines: USA and Mexico Mesquite Mine, California, USA Open-pit heap leach mine operating since 1986 120,000-130,000 oz of gold per year 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 d
Slide 8: Operating Mines: Brazil
Operating Mines: Brazil Aurizona Mine, Maranhão Fazenda Mine, Bahia Open-pit mine since 2019 Operating for nearly 40 years 120,000-130,000 oz per year 60,000-65,000 oz per year Advancing expansion to +150,000 oz Replaced reserves for last 5 years RDM Mine, Minas Gerais Santa Luz Mine, Bahia Open-pit
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 assets Revaluation potential with growth • Enhanced scale and diversity with Greenstone • Increased production, higher cash flow,1.1x lower costs • Catalyst rich investment plans • Enhanced diversification across
Slide 11: Financial Flexibility to Deliver Growth
Financial Flexibility to Deliver Growth Cash1 Bank Debt3 Cash Flow Corporate revolver Unrestricted cash Ongoing cash flow $700 M ~$142 M from seven $127 M available operating mines Total liquidity Accordion feature ~$270 M2 $100 M ~$270 M + ~$220 M Total liquidity2 Market value of investments4 1. Ca
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 58% in 2021 Improved 19% in 2021 Reduced GHG emissions Training programs, compared to 2020 compared to 2020 by 5% compared to 202
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$140 M Options @ avg. C$6.47 1,2 2.0 M Net Debt 7 ~ US$585 M Restricted Share Units 3 2.6 M Convertible Notes @ avg. US$6.52 8 US$278.9 M Fully D
Slide 17: 2022 Guidance
2022 Guidance Production Cash Costs1 AISC1,2 Sustaining Growth (ounces) ($/ounce) ($/ounce) Capital ($M)1 Capital ($M)1 As the result of operational challenges Los Filos 155,000-170,000 $1,620-$1,670 $1,800-$1,840 $30 $63 and ongoing inflationary pressures: Mesquite 120,000-130,000 $1,010-$1,050 $1,
Slide 18: Delivering on our Growth & Diversification Strategy
Delivering on our Growth & Diversification Strategy 2018 2019 2020 2021 • Financed and commenced • Refinanced our debt • Added four producing mines and a • Added Greenstone project, construction of Aurizona Mine • Mubadala as strategic development-stage project with Mercedes mine and portfolio of •
Slide 19: 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 20: 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 21: Aurizona: Near-mine and District Exploration Potential
Aurizona: Near-mine and District Exploration Potential 21
Slide 22: Bahia: District-scale Potential Between Fazenda – Santa Luz Mines
Bahia: District-scale Potential Between Fazenda – Santa Luz Mines 22
Slide 23: Castle Mountain: Easy Site Access, Synergies with Mesquite Mine
Castle Mountain: Easy Site Access, Synergies with Mesquite Mine Phase 2 permitting underway Castle Expansion will be Mountain contained within existing approved mine boundary Mesquite 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) Aurizona 16,581 1.39 740 15,749 1.82 920 32,330 1.60 1,660 Castle Mo
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) Aurizona 3,505 1.45 163 14,612 1.50 704 18,117 1.49 868 Castle M
Slide 26: 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 27: 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 28: ir@equinoxgold.com www.equinoxgold.com
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com 28 TSX: EQX | NYSE-A: EQX