Equinox Gold Corp. · AMEX:EQX
Equinox Gold — Investor Presentation (September 2022)
28 slides from Equinox Gold's investor presentation, September 2022
Slide 1: The Premier Americas Gold Producer
equinoxgold.com The Premier Americas Gold Producer CORPORATE PRESENTATION September 2022
Slide 2: Cautionary Notes
Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all, including for tailings statements within the meaning of applicable securities
Slide 3: Equinox Gold: The Premier Americas Gold Producer
Equinox Gold: The Premier Americas Gold Producer 6 1 4 Producing Mine in Growth Mines Commissioning Projects 30 Moz Greenstone (60%) Castle Mountain / Expansion 16 Moz Mesquite P&P Gold M&I Gold Reserves Resources1 ~580 Koz ~$390 M Aurizona / Expansion Santa Luz Los Filos / Expansion Gold Production
Slide 4: Greenstone Project: Construction Nearly 50% Complete
Greenstone Project: Construction Nearly 50% Complete 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 infrastr
Slide 5: Greenstone Project: Tracking on Time, on Budget
Greenstone Project: Tracking on Time, on Budget Capex updated in Q4 2021 before construction began • $1.23 B initial capital (C$1.53 B)1 (100% basis) - Updated from 2020 feasibility to consider inflation pressures - Updated schedule to consider supply chain constraints - Validated with independent r
Slide 6: Greenstone Project: Construction Progress
Greenstone Project: Construction Progress N Power plant Leaching Reagent Thickening Crushers cold storage Concrete Grinding Mill building HPGR batch plant Construction and admin offices Truck shop Effluent water treatment plant Progress documented weekly in the Greenstone Construction Photo Gallery
Slide 7: Santa Luz: Fourth Operating Mine in Brazil
Santa Luz: Fourth Operating Mine in Brazil Ramping up to commercial production • Past producing mine: refurbished existing infrastructure and retrofitted processing plant • Completed construction with no lost-time injuries • First gold pour March 30, 2022 • Commissioning underway to achieve commerci
Slide 8: Operating Mines: USA, Mexico, Brazil
Operating Mines: USA, Mexico, Brazil Mesquite Mine, California • Mining Brownie ore body, stripping VE pit for 2023 ore • Exploration focused on both infill and step-out drilling • 2022 guidance: 120,000-130,000 oz of gold Castle Mountain, California • Converted to crush and agglomeration to improve
Slide 9: Operating Mines: USA, Mexico, Brazil
Operating Mines: USA, Mexico, Brazil Aurizona Mine, Maranhão • More than 60% of production anticipated in H2 2022 • Continuing to advance underground expansion to increase production and extend mine life • 2022 guidance: 120,000-130,000 oz of gold Fazenda Mine, Bahia • Mining a combination of open p
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: Funded to Deliver Growth
Funded to Deliver Growth Cash1 Bank Debt3 Cash Flow Strong balance sheet and cash Corporate revolver flow funds Unrestricted cash 2022 all-in sustaining $472 M drawn ~$160 M margin4 at $1,750 Au growth $227 M available ~$150 M5 Total liquidity Accordion feature ~$390 M2 $100 M ~$390 M ~$250 M Total
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 New Environment & Climate Beat 2021 safety targets, Achieved 2021 short-term Installed water treatment plant for Change Policy, beat 2021
Slide 13: Peer-leading Insider Ownership
Peer-leading Insider Ownership Insider Ownership2 7.7% 0.4% Equinox Gold Ross Beaty Equinox Gold Shareholders1 13% Other Insiders High Net Worth 59% Retail/Other 14% Corporate 6% Institutional USA Geographic 31% Europe 39% Location Australasia South America Canada 2% 2% 15% Source: Company filings,
Slide 14: Creating the Premier Americas Gold Producer
Creating the Premier Americas Gold Producer Canada USA 3.3 Moz Reserves2 ~240 Koz annual production2 4.6 Moz Reserves First production in H1 2024 ~155 Koz annual production >300 Koz with expansions1 Mexico Brazil 3.6 Moz Reserves 4.5 Moz Reserves ~300 Koz annual production ~170 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$13 M + US$13 M Unlisted Warrants @ avg. C$5.30 1,2 0.6 M Cash 6 US$160 M Options @ avg. C$6.47 1,2 2.0 M Net Debt 7 US$472 M Restricted Share Units 3 3.0 M Convertible Notes @ avg. US$6.52 8 US$278.9 M Fully Diluted
Slide 17: Updated 2022 Guidance
Updated 2022 Guidance Production Cash Costs1 AISC1,2 Sustaining Growth (ounces) ($/ounce) ($/ounce) Capital ($M)1 Capital ($M)1 Production guidance updated to reflect Los Filos 155,000-170,000 $1,620-$1,670 $1,800-$1,840 $30 $63 disruptions at RDM and longer ramp-up Mesquite 120,000-130,000 $1,010-$
Slide 18: Significant Production and Reserve Growth in Four Years
Significant Production and Reserve Growth in Four Years 1,200,000 16.4 Moz Annual Gold Production Attributable Gold Reserves Annual Gold Production (oz) 12.1 Moz 600,000 5.7 Moz 5.6 Moz 0.9 Moz 0 2018 2018 2019 2019 2020 2020 2021 2021 2022E 2022 1 Mid-2020s 2023 2 + Mesquite + Aurizona + Leagold +
Slide 19: 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 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 19,849 1.40 892 29,994 1.86 1,797 49,844 1.67 2,689 Cas
Slide 26: Equinox Gold: Inferred Mineral Resources
Equinox Gold: Inferred Mineral Resources1 Contained Gold Mine Tonnes (kt) Grade (g/t) (koz) Aurizona 13,067 2.18 915 Castle Mountain 86,271 0.58 1,608 Mesquite 85,419 0.34 928 Los Filos 98,204 0.83 2,633 RDM 3,614 1.94 226 Fazenda 3,296 1.51 160 Santa Luz 7,265 2.07 483 2 Greenstone 15,300 3.78 1,85
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 “Independent Technical Rep
Slide 28: ir@equinoxgold.com www.equinoxgold.com
+1 604.558.0560 ir@equinoxgold.com www.equinoxgold.com 28 TSX: EQX | NYSE-A: EQX
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