Core Viewpoint - Equinox Gold shareholders are encouraged to vote in favor of the proposed business combination with Calibre Mining, as independent proxy advisory firms ISS and Glass Lewis have issued positive recommendations [1][2]. Strategic Rationale for the Business Combination - The merger will create a major diversified gold producer in the Americas, with potential for over 1.2 million ounces of annual gold production from a portfolio of mines across five countries [6]. - The combined entity will become the second largest gold producer in Canada, with the Greenstone Gold Mine and Valentine Gold Mine expected to produce a total of 590,000 ounces of gold per year at full capacity [6]. - The merger is anticipated to generate substantial free cash flow, driven by increased production at high gold prices, allowing for rapid deleveraging and capital return to shareholders [6]. - There is an exceptional growth profile with additional production growth expected from the ramp-up of the Valentine Gold Mine and a pipeline of development projects [6]. - The combined company has significant re-rate potential based on peer valuation, with greater scale, lower risk, and superior free cash flow compared to competitors [6]. - The leadership team includes experienced individuals with a proven track record of delivering shareholder value, with key positions filled by executives from both companies [6]. Shareholder Meeting Details - Equinox Gold's Annual and Special Meeting of shareholders is scheduled for April 24, 2025, at 1:30 PM (Vancouver time), where shareholders can vote on the Share Issuance Resolution and other matters [7]. - Shareholders of record as of March 18, 2025, are eligible to vote, and various voting methods are available, including online, by telephone, or in person [7][8].

Core Viewpoint - Equinox Gold Corp. has indefinitely suspended operations at its Los Filos Mine in Guerrero, Mexico, due to the expiration of its land access agreement with the Carrizalillo community on March 31, 2025 [1]. Group 1: Operational Impact - The suspension of operations at Los Filos Mine is a significant setback, as long-term agreements with local communities are crucial for the economic and investment conditions necessary for continued operations, including the proposed construction of a new 10,000 tonnes-per-day carbon-in-leach processing plant [2]. - Equinox Gold has not included any production from the Los Filos Mine in its 2025 production guidance, indicating a direct impact on expected output [3]. Group 2: Community Engagement - The company has been in discussions with the three communities hosting the mine since November 2023, reaching a consensus on terms in January 2025, and has signed new long-term agreements with the Mezcala and Xochipala communities. However, Carrizalillo has not signed a new agreement [3]. Group 3: Company Overview - Equinox Gold is a growth-focused Canadian mining company operating in the Americas, with existing gold mines in Canada, the USA, and Brazil, and aims to achieve over one million ounces of annual gold production from its expansion projects [4].

Core Points - Equinox Gold Corp. will hold its annual and special meeting of shareholders on April 24, 2025, at 1:30 PM Vancouver time, followed by a corporate update [1] - Shareholders will vote on the Arrangement Resolution to issue Equinox Gold common shares as part of the business combination with Calibre Mining Corp., where each Calibre share will be exchanged for 0.31 of an Equinox Gold common share [2] - The Board of Directors recommends that shareholders vote FOR the Arrangement Resolution, believing it is in the best interests of Equinox Gold [3] Strategic Rationale - The combination will create a major diversified gold producer in the Americas with potential annual gold production exceeding 1.2 million ounces from mines in five countries [6] - The combined entity will become the second largest gold producer in Canada, with the Greenstone Gold Mine and Valentine Gold Mine expected to produce a total of 590,000 ounces of gold per year at capacity [6] - The merger is anticipated to generate substantial free cash flow, enabling quick deleveraging due to increased production at high gold prices [6] - There is an exceptional growth profile with additional production growth expected from the Valentine Gold Mine and a pipeline of development projects [6] - The combined company has significant re-rate potential based on peer valuation, with greater scale, lower risk, and superior free cash flow [6] - The leadership team includes experienced individuals with a proven track record, ensuring effective governance and shareholder value creation [6] Meeting Materials and Voting Process - Equinox Gold's management information circular, detailing the Arrangement's background and benefits, is being distributed to shareholders [7] - Shareholders can vote online, by telephone, or by mail, and are invited to attend the Annual Meeting in person or via an online webcast for viewing purposes only [7][8] - The deadline for proxy voting is set for 1:30 PM on April 22, 2025 [9] Regulatory Approvals - Equinox Gold received an advance ruling certificate on March 25, 2025, satisfying the Canadian Competition Approval condition for the Arrangement [10] - The Arrangement is subject to shareholder and court approvals, as well as regulatory approvals from both Canada and Mexico, with an expected closing by the end of Q3 2025 [10] Annual Filings - The Company has filed its Annual Information Form and Annual Report on Form 40-F for the year ended December 31, 2024, available for download on SEDAR+ and EDGAR [11]

Core Viewpoint - Equinox Gold Corp. has filed its audited financial statements and management's discussion and analysis for the year ended December 31, 2024, indicating a commitment to transparency and regulatory compliance [1] Financial Statements - The financial statements for the three months and year ended December 31, 2024, are now available for download on the company's website, SEDAR+, and EDGAR [1]

Production and Sales Performance - Equinox Gold achieved a record annual production of 621,893 ounces of gold in 2024, with 623,579 ounces sold at an average realized price of $2,423 per ounce[4][11]. - For Q4 2024, the company produced 213,964 ounces of gold and sold 217,678 ounces at an average realized price of $2,636 per ounce[7][18]. - Gold production for 2024 was 621,893 ounces, with guidance for 2025 set between 635,000 and 750,000 ounces[22][23]. - Gold ounces sold in Q4 2024 reached 217,678, a 25.1% increase from 173,973 ounces sold in Q4 2023[79]. - Adjusted gold ounces sold for the year ended December 31, 2024, totaled 549,032, slightly down from 559,481 ounces in 2023[79]. - Gold ounces sold for the year ended December 31, 2024, totaled 623,579 ounces, an increase from 559,481 ounces in 2023[90]. Financial Performance - Total revenue for 2024 was $1,514.1 million, with net income of $339.3 million or $0.85 per share[11][18]. - Adjusted EBITDA for 2024 was $458.2 million, reflecting strong operational performance[11][18]. - Total revenue for 2024 reached $1,514,120, an increase of 39.2% compared to $1,088,191 in 2023[72]. - Net income for 2024 was $339,287, significantly up from $28,884 in 2023, representing an increase of 1,075.5%[72]. - Operating cash flow before changes in non-cash working capital was $430,198 in 2024, compared to $527,450 in 2023[74]. - AISC contribution margin for the year ended December 31, 2024, was $300.7 million, compared to $184.2 million in 2023, reflecting a 63.1% increase[90]. - Adjusted net income for the three months ended December 31, 2024, was $77.5 million, compared to $37.4 million in the previous quarter, marking a 106.5% increase[95]. Cost Management - Cash costs for 2024 were $1,598 per ounce, with all-in sustaining costs (AISC) of $1,870 per ounce[11][18]. - Cash costs for 2024 were $1,598 per ounce, with 2025 guidance estimated between $1,075 and $1,175 per ounce[22][23]. - All-in sustaining costs (AISC) for 2024 were $1,870 per ounce, with 2025 guidance ranging from $1,455 to $1,550 per ounce[22][23]. - Cash costs per gold ounce sold decreased to $1,458 in Q4 2024 from $1,720 in Q3 2024, a reduction of 15.3%[79]. - AISC per ounce sold for the year ended December 31, 2024, was $1,870, compared to $1,612 in 2023, indicating a 15.9% increase[79]. Future Guidance and Expectations - The company expects to produce between 635,000 to 750,000 ounces of gold in 2025, with cash costs projected at $1,075 to $1,175 per ounce and AISC at $1,455 to $1,550 per ounce[5][11]. - Greenstone's production guidance for 2025 is set at 300,000 to 350,000 ounces, with cash costs of $790 to $890 per ounce and AISC of $1,045 to $1,145 per ounce[40]. - The Bahia Complex production guidance for 2025 is set at 125,000 to 145,000 ounces of gold, with cash costs projected between $1,360 and $1,460 per ounce[58]. - Mesquite's production guidance for 2025 is set at 90,000 to 105,000 ounces of gold, with cash costs expected between $1,235 and $1,335 per ounce[45]. - Aurizona's production guidance for 2025 is 70,000 to 90,000 ounces of gold, with cash costs projected at $1,205 to $1,305 per ounce[54]. - RDM's production guidance for 2025 is 50,000 to 60,000 ounces of gold, with cash costs expected to range from $1,615 to $1,715 per ounce[69]. Operational Developments - Equinox Gold consolidated 100% ownership of the Greenstone Mine, producing over 111,700 ounces of gold in its first partial year of operations[4][11]. - The company is advancing the Castle Mountain expansion and consolidating its Fazenda and Santa Luz mines into the Bahia Complex[6][11]. - The company achieved commercial production at Greenstone on November 6, 2024, which is expected to positively impact future production and revenue[80]. - The company plans to use increased cash flow from operations to target approximately $200 million in debt repayment in the second half of 2025[34]. - The company is focused on expanding operations at Castle Mountain and Aurizona, with ongoing negotiations for new long-term agreements at Los Filos[99]. Community and Environmental Relations - New long-term agreements with local communities at the Los Filos Mine are critical for continued operations, with two communities ratifying agreements while one remains outstanding[5][11]. - Operations at Los Filos in 2025 depend on the successful completion of long-term agreements with local communities, with one agreement still outstanding[24]. - The Company is focused on maintaining relationships with local communities and Indigenous populations to mitigate risks related to production and cost estimates[103]. - The Company is committed to achieving environmental performance objectives and complying with health and safety regulations[101]. Financial Position - The company maintained cash and cash equivalents of $239.3 million and net debt of $1,108.5 million as of December 31, 2024[11][18]. - Cash and cash equivalents increased to $239,329 in 2024 from $191,995 in 2023, a growth of 24.6%[74]. - Total assets rose to $6,713,595 in 2024, up 54.1% from $4,350,377 in 2023[71]. - Total liabilities increased to $3,316,043 in 2024, a rise of 73.8% compared to $1,907,916 in 2023[71]. - Net debt as of December 31, 2024, was $1,108.5 million, an increase from $733.0 million in 2023[97]. Strategic Vision and Risks - The Company emphasizes that Forward-looking Information is based on current expectations and projections regarding exploration, production, and cost management[101]. - The Company has outlined potential risks including fluctuations in gold prices and operational hazards inherent in mining, which may impact actual results[103]. - The Company cautions that assumptions made regarding macroeconomic factors and energy prices may prove incorrect, impacting future performance[102]. - The Company has established a framework for disclosing mineral reserves and resources in accordance with NI 43-101 standards, which differ from SEC requirements[106]. - The Company has qualified personnel overseeing technical content, ensuring adherence to industry standards in reporting[107].

Core Insights - The article discusses the recent trends in the commodities market, particularly focusing on gold prices and their fluctuations due to various economic factors [1] Group 1: Market Trends - Gold prices have seen significant volatility, influenced by changes in interest rates and inflation expectations [1] - Recent data indicates that gold prices have increased by 5% over the last month, reflecting a shift in investor sentiment towards safe-haven assets [1] Group 2: Economic Factors - The article highlights that rising inflation rates have prompted investors to seek refuge in gold, traditionally viewed as a hedge against inflation [1] - Central bank policies, particularly those of the Federal Reserve, are impacting gold prices as market participants adjust their expectations regarding future interest rate hikes [1]

Core Viewpoint - Equinox Gold Corp and Calibre Mining Corp have entered into a definitive arrangement agreement to combine their operations, creating a major Americas-focused gold producer, New Equinox Gold, which will become the second largest gold producer in Canada [1][2][10]. Company Overview - New Equinox Gold will have a diversified portfolio of operating mines across five countries, anchored by two key Canadian gold mines: Greenstone and Valentine [2][10]. - The Greenstone Mine achieved commercial production in November 2024, while the Valentine Gold Mine is nearing completion with first gold pour expected in mid-2025 [2][10]. Production and Financials - The combined company is projected to produce approximately 950,000 ounces of gold in 2025, with the potential to exceed 1.2 million ounces annually when both Greenstone and Valentine are operating at full capacity [3][10]. - The implied market capitalization of New Equinox Gold is estimated at C$7.7 billion [4]. Shareholder Benefits - Calibre shareholders will receive 0.31 Equinox common shares for each Calibre share held, resulting in approximately 65% ownership for existing Equinox shareholders and 35% for former Calibre shareholders in the combined entity [4][13]. - The merger is expected to unlock benefits for shareholders that would not be available if the companies remained standalone, including enhanced scale and operational expertise [8][11]. Leadership and Governance - The management team will include executives from both companies, with Greg Smith remaining as CEO and Darren Hall joining as President and COO of New Equinox Gold [8][9]. - The Board of Directors will consist of ten members, including Ross Beaty as Chair and representatives from both Equinox and Calibre [9][10]. Strategic Rationale - The merger aims to create a leading gold producer with improved scale, resilience, and the ability to generate significant long-term value for shareholders [7][10]. - The combination of two long-life, low-cost mines is expected to provide a solid foundation for future growth and operational excellence [12][10]. Regulatory and Approval Process - The transaction requires approval from Calibre shareholders and regulatory bodies, with a special meeting expected before May 31, 2025 [14][15]. - The transaction is also subject to customary deal protections and termination fees [17]. Financing and Capital Structure - Concurrently with the arrangement, Calibre will issue approximately US$75 million in convertible notes to fund transaction-related expenses and general corporate purposes [21][22]. - The convertible notes will have a 5.5% annual interest rate and a five-year maturity, convertible into Calibre common shares at a premium [21].

Creating the Premier Americas Gold Producer Q4 2024 RESULTS & CORPORATE UPDATE FEBRUARY 20, 2025 Cautionary Notes Forward-looking Statements. This presentation contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively "Forward-looking Information"). Actual results of operations and the ensuing financial results may vary materially from ...

Financial Data and Key Metrics Changes - Equinox Gold Corp. reported record quarterly gold production of approximately 214,000 ounces and sales of approximately 218,000 ounces in Q4 2024, marking the highest quarterly production in the company's history [7] - The cash cost per ounce sold in Q4 was $1,458, the lowest quarterly cash cost of the year, with an all-in sustaining cost of $1,652 [8][23] - For the full year 2024, the company achieved record annual gold production of approximately 622,000 ounces and sales of 623,000 ounces, with cash costs of $1,598 per ounce and all-in sustaining costs of $1,870 per ounce [8][22] Business Line Data and Key Metrics Changes - Greenstone mine produced 53,022 ounces in Q4 with an all-in sustaining cost of $1,141 per ounce, achieving commercial production in November [30] - Los Filos mine had its highest quarterly production of 60,521 ounces in Q4, with an all-in sustaining cost of $2,051 per ounce [39] - Fazenda mine produced 18,522 ounces in Q4 at an all-in sustaining cost of $1,251 per ounce, with plans to develop a larger open pit in 2025 [43] Market Data and Key Metrics Changes - The company realized a price of $2,636 per ounce for the 218,000 ounces of gold sold in Q4, leading to revenues of $575 million [21] - The increase in revenues was driven by higher realized prices and an increase in ounces sold, primarily due to Greenstone coming online [22] Company Strategy and Development Direction - The major focus for 2024 was commissioning the Greenstone mine and ramping up production, with plans to increase production in 2025 to between 635,000 ounces and 750,000 ounces [14] - The company is advancing plans for an underground mine at the Piaba deposit and a planned expansion at Castle Mountain to increase production to 200,000 ounces per year [13][14] - The company aims to deleverage its balance sheet in 2025, targeting to repay about $200 million in debt, depending on gold prices [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the impact of strong gold prices on financial performance, indicating that 2025 will be a great year for the company [51] - The company acknowledged the need for new long-term agreements with local communities at Los Filos to ensure the mine's economic viability [15][16] - Management highlighted the importance of reducing debt while investing in the portfolio of mines for long-term growth [26][51] Other Important Information - The company had a total recordable injury frequency rate of 2.21% in 2024, beating its safety target [9] - The company improved its S&P Global Corporate Sustainability Assessment score by over 13% compared to the prior year [10] - The company ended the quarter with $239 million of unrestricted cash and $105 million available to draw on the revolving credit facility [28] Q&A Session Summary Question: What will the company do with the extra free cash flow if gold prices remain high? - Management indicated that excess cash generated will be used to strengthen the balance sheet and focus on deleveraging [58] Question: What are the expected grades, tons, and recoveries for Greenstone in 2025? - Management expects grades to ramp up from around 1 gram in Q1 to about 1.6% to 1.7% by the end of the year [62] Question: Can you clarify the difference between ASIC and total cash cost guidance? - Management acknowledged the discrepancy and agreed to follow up with more detailed information [66][68] Question: What are the standby costs for Los Filos during suspension? - Management indicated that standby charges during previous care and maintenance were about $3 to $4 million per month, but would be significantly lower during an indefinite suspension [81] Question: What is the status of agreements with local communities at Los Filos? - Management confirmed that agreements have been reached with three communities, but only two have signed, necessitating a final agreement with all three to proceed [134]

Core Insights - Equinox Gold reported record financial results for 2024, with 623,579 ounces of gold sold, generating revenue of $1.5 billion and operating cash flow of $430 million [1][2][12] Operational Highlights - The company achieved an annual production record of 621,893 ounces of gold, with the fourth quarter being the strongest production quarter [2][10] - The new Greenstone Mine contributed significantly, producing over 111,700 ounces of gold in its first partial year of operations [2][19] - For the fourth quarter, the company produced 213,964 ounces of gold and sold 217,678 ounces at an average realized price of $2,636 per ounce [5][20] Financial Performance - The company reported net income of $339.3 million or $0.85 per share for the year, with adjusted net income of $96.7 million or $0.24 per share [13][20] - Cash costs for the year were $1,598 per ounce, with all-in sustaining costs (AISC) at $1,870 per ounce [20][24] - The company generated cash flow from operations of $430.2 million before changes in non-cash working capital [12][17] 2025 Guidance - Equinox Gold expects to produce between 635,000 to 750,000 ounces of gold in 2025, with cash costs estimated at $1,075 to $1,175 per ounce and AISC of $1,455 to $1,550 per ounce [3][27] - The company plans to use increased cash flow to reduce corporate debt, targeting approximately $200 million in debt repayment [37][38] Recent Developments - The company is advancing permitting for the Castle Mountain expansion and consolidating its Fazenda and Santa Luz mines into a combined unit called the Bahia Complex [4][39] - New long-term agreements with local communities at the Los Filos Mine are crucial for continued operations, with two communities ratifying agreements while one remains outstanding [28][50]