Management's Discussion and Analysis For the three and six months ended June 30, 2023 (Expressed in United States Dollars, unless otherwise stated) This MD&A contains forward-looking statements. Readers are cautioned as to the risks and uncertainties related to the forward-looking statements, the risks and uncertainties associated with investing in the Company's securities, and the risks and uncertainties associated with technical and scientific information under National Instrument 43-101 ("NI 43-101") con ...

Financial Data and Key Metrics Changes - The company reported an unrestricted cash balance of $285 million at the end of the quarter, an increase of $85 million from year-end [25] - Cash cost per ounce increased to $1,376 in Q1 2023 from $1,238 in Q1 2022, while all-in sustaining cost per ounce rose to $1,658 from $1,578 [27] - EBITDA for Q1 was $65 million, with a net income of $17 million, translating to basic earnings per share of $0.06 [61] Business Line Data and Key Metrics Changes - At Los Filos, improved productivity was noted with more tons being placed in the quarter, although recovery was impacted by high copper grade ore [42][43] - At Arizona, mine production was good, with higher throughput than planned, and the process plant produced slightly above plan for the quarter [44] - At RDM, the process plant was restarted after a permitting delay, and mining was ahead of prior quarters [45] Market Data and Key Metrics Changes - The average realized price for gold was $1,895 per ounce on the sale of 123,000 ounces, generating $234 million in revenue [36] - The company expects to meet its 2023 production guidance of 550,000 to 625,000 ounces of gold, with cash costs between $1,355 and $1,460 per ounce [57] Company Strategy and Development Direction - The company is focused on completing the Greenstone construction, which is 73% complete, with first production expected in the first half of 2024 [46] - The company is advancing its permitting and met test work in support of Phase 2 at Castle Mountain, with environmental assessment work expected during 2023 [74] - The company aims to enhance its financial position through various measures, including hedging and a gold prepay arrangement [63][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production and cost guidance for 2023, emphasizing a focus on continuous improvement and productivity [61][112] - The company noted a continued reduction in its total recordable injury rate and good environmental performance, with a greenhouse gas emissions reduction target of 25% by 2030 [59] - Management indicated that the permitting for Castle Mountain would not be impacted by the designation of the national monument [84] Other Important Information - The company has hedged approximately 164,000 ounces of gold with a floor price of $1,910 per ounce and significant upside participation [64] - The company has paused the use of its at-the-market facility after drawing about $25 million from it, leaving $75 million available [40] Q&A Session Summary Question: What is the impact of the national monument designation on permitting? - Management stated that it should have zero impact on the timing of permitting and expressed satisfaction with the language used in the monument proclamation [84] Question: Can you provide clarity on the inventories and their impact on costs? - Management explained that the increase in inventories at Los Filos was due to stacking activity, which would come out in the back half of the year [88] Question: What is the current status of the Greenstone project? - Management confirmed that the project is on track, with critical path items being addressed and productivity levels maintained [96]

Production and Sales - Produced 122,746 ounces of gold and sold 123,295 ounces at an average realized price of $1,895 per ounce[14] - For Q1 2023, Mesquite produced 16,405 ounces of gold, a 4% decrease from 17,050 ounces in Q1 2022, with an AISC of $1,780 per ounce compared to $1,142 per ounce in Q1 2022[27][28][30] - Castle Mountain produced 4,455 ounces of gold in Q1 2023, down from 5,231 ounces in Q1 2022, with an AISC of $1,567 per ounce, significantly lower than $2,338 per ounce in Q1 2022[37][39] - Los Filos produced 39,574 ounces of gold in Q1 2023, an increase from 38,856 ounces in Q1 2022, with an AISC of $1,696 per ounce, down from $1,776 per ounce in Q1 2022[47] - Aurizona produced 25,800 ounces of gold in Q1 2023, up from 22,936 ounces in Q1 2022, with an AISC of $1,634 per ounce, slightly lower than $1,651 per ounce in Q1 2022[60] - Fazenda produced 15,685 ounces of gold in Q1 2023, an increase from 14,741 ounces in Q1 2022, with an AISC of $1,279 per ounce compared to $1,188 per ounce in Q1 2022[71] - RDM produced 6,342 ounces of gold in Q1 2023, down from 7,160 ounces in Q1 2022, with an AISC of $2,368 per ounce compared to $1,824 per ounce in Q1 2022[81] - Santa Luz produced 14,485 ounces of gold in Q1 2023, slightly lower than 14,680 ounces in Q4 2022, with an AISC of $1,610 per ounce, significantly improved from $2,761 per ounce in Q4 2022[90] Financial Performance - Net income increased to $17.4 million or $0.06 per share, compared to a net loss of $19.8 million in Q1 2022[22] - Adjusted EBITDA was $57.0 million, up from $43.1 million in Q1 2022[23] - Revenue for Q1 2023 was $234.1 million, a 4% increase from $223.2 million in Q1 2022, driven by sales of 123,295 ounces of gold[133] - Operating expenses increased by 13% to $172.2 million in Q1 2023 from $152.4 million in Q1 2022, primarily due to higher costs at Santa Luz and Aurizona[136] - The company recognized a gain of $34.5 million from the sale of its partial interest in i-80 Gold, contributing to other income of $31.9 million in Q1 2023[128][139] - Cash flow from operations before changes in non-cash working capital was $195.4 million[14] - Cash provided by operating activities in Q1 2023 was $143.4 million, a significant increase from cash used in operating activities of $16.4 million in Q1 2022[156] - Revenue for Q1 2023 was $234.1 million, a decrease of 9.7% from $259.3 million in Q4 2022[145] - Net income for Q1 2023 was $17.4 million, compared to a net income of $22.6 million in Q4 2022[145] Cost and Expenditures - Total cash costs were $1,376 per ounce and all-in sustaining costs (AISC) were $1,658 per ounce[14] - Total sustaining and non-sustaining capital expenditures for Q1 2023 were $32.5 million and $95.0 million, respectively[24] - Mesquite's sustaining capital expenditures for Q1 2023 were $10.2 million, primarily related to stripping of the Vista East pit and phase 3 of the Brownie pit[32] - Sustaining capital expenditures for Los Filos in 2023 are budgeted at $40 million, including $12 million for Guadalupe open-pit stripping and $12 million for Los Filos North underground development[54] - Aurizona's sustaining capital expenditures for 2023 are budgeted at $45 million, which includes $18 million for capitalized waste stripping and $15 million for tailings storage facility expansions[66] - Budgeted sustaining expenditures for Fazenda in 2023 are $14 million, primarily for underground development and waste stripping[77] Debt and Cash Management - Net debt decreased to $547.8 million at March 31, 2023, down from $627.3 million at December 31, 2022[20] - Total debt as of March 31, 2023, was $832.7 million, an increase from $828.0 million in the previous quarter and significantly up from $536.2 million in the same quarter of 2022[183] - Cash and cash equivalents at March 31, 2023, were $284.9 million, up from $200.8 million at December 31, 2022[150] - Current liabilities decreased to $260.7 million at March 31, 2023, from $271.7 million at December 31, 2022[155] Guidance and Future Projections - Provided 2023 production guidance of 555,000 to 625,000 ounces of gold at cash costs of $1,355 to $1,460 per ounce and AISC of $1,575 to $1,695 per ounce[14] - Mesquite's estimated production for 2023 is between 80,000 to 90,000 ounces of gold, with cash costs projected at $1,345 to $1,410 per ounce and AISC at $1,415 to $1,480 per ounce[34] - Castle Mountain's production for 2023 is estimated at 25,000 to 30,000 ounces of gold, with cash costs of $1,765 to $1,850 per ounce and AISC of $1,865 to $1,950 per ounce[42] - Los Filos expects production for 2023 to be between 160,000 and 180,000 ounces of gold, with cash costs estimated at $1,460 to $1,620 per ounce and AISC of $1,680 to $1,865 per ounce[52] - Aurizona's production forecast for 2023 is estimated at 120,000 to 130,000 ounces of gold, with cash costs projected at $1,065 to $1,130 per ounce and AISC of $1,410 to $1,500 per ounce[65] - Fazenda's estimated production for 2023 is between 60,000 to 65,000 ounces of gold, with cash costs projected at $1,170 to $1,210 per ounce and AISC at $1,390 to $1,430 per ounce[76] - RDM's production forecast for 2023 is estimated at 50,000 to 60,000 ounces of gold, with cash costs expected to be between $1,460 to $1,620 per ounce and AISC between $1,685 to $1,870 per ounce[86] - Estimated production for 2023 at Santa Luz is between 60,000 to 70,000 ounces of gold, with cash costs projected at $1,535 to $1,695 per ounce and AISC at $1,775 to $1,950 per ounce[96] Projects and Developments - Advanced Greenstone construction, achieving 73% completion and on track to pour gold in H1 2024[19] - The Greenstone Project is expected to produce over 5 million ounces of gold over an initial 14-year mine life, with first five years estimated at more than 400,000 ounces annually[98] - The Castle Mountain Phase 2 expansion is expected to increase production to an average of 218,000 ounces per year for 14 years, with life-of-mine production estimated at 3.4 million ounces[106] - The Aurizona expansion aims to extend the mine life to over 10 years and increase annual production through the development of a new underground mine[110] Environmental and Regulatory - The company aims for a 25% reduction in greenhouse gas emissions by 2030, targeting Scope 1 and Scope 2 emissions[122] - Equinox Gold received an ESG Risk Rating of 35.9, indicating a 16.5% improvement and lower risk compared to many peers in the gold sub-industry[123] - The company is assessing the impact of new mining legislation in Mexico, which includes proposals for tighter regulations and profit-sharing requirements with local communities[56] Legal and Compliance - The company recognized a provision of $9.6 million for legal matters as of March 31, 2023, an increase from $9.2 million at the end of 2022[162] - Environmental fines related to turbidity in the local water supply at Aurizona totaled $10.1 million as of March 31, 2023, up from $9.7 million at the end of 2022[163] Shareholder Information - The fully diluted outstanding share count as of the date of the report was 365,674,645 shares[159] - The company issued 4,369,615 common shares under the ATM Program, generating total gross proceeds of $16.9 million at an average price of $3.88 per share[132]

Equinox Gold Corp (NYSE:EQX) Q4 2022 Results Conference Call February 22, 2023 10:30 AM ET Company Participants Rhylin Bailie - Vice President of Investor Relations Greg Smith - Chief Executive Officer Peter Hardie - Chief Financial Officer Doug Reddy - Chief Operating Officer Conference Call Participants Wayne Lam - RBC Anita Soni - CIBC World Markets Kerry Smith - Haywood Securities John Sclodnick - Desjardins Mike Parkin - National Bank Operator Thank you for standing by, this is the conference operator. ...

Financial Position - As of December 31, 2022, total assets amounted to $3,856,397, a decrease from $3,967,361 in 2021, reflecting a decline of approximately 2.8%[30] - Cash and cash equivalents decreased to $200,769 from $305,498, representing a decline of about 34.3% year-over-year[30] - Total liabilities increased to $1,503,313 from $1,382,016, marking an increase of approximately 8.7%[30] - The total equity decreased to $2,353,084 from $2,585,345, reflecting a decline of about 9%[30] - The company’s accounts payable and accrued liabilities increased to $239,808 from $190,116, representing an increase of approximately 26%[30] - The Company’s trade payables increased to $122.5 million in 2022 from $109.3 million in 2021, representing a growth of 12%[206] - Accrued liabilities rose to $103.5 million in 2022, up from $75.2 million in 2021, indicating a 38% increase[206] Revenue and Profitability - Revenue for 2022 was $952,196, a decrease of 12.0% from $1,082,286 in 2021[32] - Net loss for 2022 was $106,027 compared to a net income of $554,889 in 2021, representing a significant decline[34] - Income from mine operations dropped to $84,970 in 2022, down 63.2% from $230,590 in 2021[32] - Total comprehensive loss for 2022 was $256,040, contrasting with a comprehensive income of $639,828 in 2021[34] - Operating cash flow before changes in non-cash working capital was $144,293, down from $264,122 in 2021[36] Asset Management - The company's mineral properties, plant, and equipment rose to $2,840,499 from $2,497,919, indicating an increase of about 13.7%[30] - The Company capitalized $318.7 million in costs at Greenstone and $47.9 million at Santa Luz during 2022, compared to $70.1 million at Santa Luz and $66.4 million at Greenstone in 2021[181] - The net book value of mineral properties, plant, and equipment increased to $2,840,499 as of December 31, 2022, up from $2,497,919 in 2021, representing a growth of about 13.7%[179] - The Company reclassified $123.5 million in capitalized development and construction costs from construction-in-progress to mineral properties and plant and equipment for Santa Luz[182] Impairment and Valuation - The recoverable amount of the Los Filos cash-generating unit was assessed as higher than its carrying amount, indicating no impairment loss was required[17] - The Company performed an impairment test for the Los Filos CGU as of September 30, 2022, concluding no impairment loss was required as the fair value less costs of disposal exceeded the carrying amount[140][141] - The Company evaluates its non-financial assets on a property-by-property basis for impairment testing, ensuring accurate financial reporting[90] Shareholder Equity and Financing - The company issued 2,281,402 shares in public offerings, raising $7,995 in 2022[37] - The weighted average shares outstanding increased to 304,001,631 in 2022 from 284,932,357 in 2021[32] - The Company expects to recognize an adjustment of $1.3 million to decrease opening retained earnings as of January 1, 2022, due to the initial application of amendments to IAS 12[120] Business Combinations and Acquisitions - The Company concluded that the acquisition of Premier on April 7, 2021, met the criteria for accounting as a business combination, while the acquisition of an additional 10% interest in Greenstone on April 16, 2021, was determined to be an asset acquisition[126] - The acquisition of Premier on April 7, 2021, involved a total consideration of $408.3 million, with a bargain purchase gain of $81.4 million recognized in 2021[154][157] - The fair value of net assets acquired in the Premier acquisition was $489.7 million, including cash, receivables, and mineral properties[155] Investments and Marketable Securities - The Company recognized a gain of $186.1 million on the reclassification of its investment in Solaris Resources Inc. after its interest decreased to 19.9%[129] - The Company reported a net loss of $135.2 million on the remeasurement of the fair value of marketable securities for the year ended December 31, 2022, compared to a net gain of $101.2 million in 2021[171] - The fair value of the Company's retained investment in Solaris was $197.7 million, leading to a gain of $186.1 million recognized in other income for the year ended December 31, 2021[168] Inventory Management - The Company's total inventories increased to $413.2 million as of December 31, 2022, compared to $325.9 million in 2021[176] - During the year ended December 31, 2022, the Company recognized $52.9 million in write-downs of inventories to net realizable value, primarily related to heap leach ore at Los Filos[177] Financial Reporting and Compliance - The consolidated financial statements were prepared in accordance with IFRS and approved by the Board of Directors on February 21, 2023[43] - The Company recognizes investments in associates using the equity method, initially at cost, and adjusts for its share of net income or loss and other comprehensive income (OCI) thereafter[70] - The Company has a note receivable from PGI amounting to $8.8 million as of December 31, 2022, compared to $7.6 million in 2021[203] Other Financial Metrics - Basic net income (loss) per share is calculated by dividing net income or loss attributable to common shareholders by the weighted average number of common shares outstanding during the period[117] - Deferred income tax assets and liabilities are recognized for temporary differences and measured at expected tax rates applicable when they reverse[114] - The Company capitalizes borrowing costs directly attributable to the acquisition and construction of qualifying assets[112]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September, 2022. Commission File Number 001-39038 700 West Pender Street, Suite 1501 Vancouver, British Columbia V6C 1G8 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F Form 20-F o Form 40-F ☒ Indic ...

Equinox Gold Corp. (NYSE:EQX) Q2 2022 Earnings Conference Call August 4, 2022 10:30 AM ET Company Participants Rhylin Bailie - VP, IR Ross Beaty - Chairman Christian Milau - CEO Peter Hardie - CFO Doug Reddy - COO Scott Heffernan - EVP, Exploration Conference Call Participants Anita Soni - CIBC World Markets Wayne Lam - RBC Kerry Smith - Haywood Securities Mike Parkin - National Bank Operator Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold Second Quarter 2022 Results ...

Equinox Gold Corp. (NYSE:EQX) Q1 2022 Earnings Conference Call May 4, 2022 10:30 AM ET Company Participants Rhylin Bailie - IR Christian Milau - CEO Peter Hardie - CFO Doug Reddy - COO Conference Call Participants Mike Parkin - National Bank Financial Operator Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold First Quarter 2022 Results and Corporate Update. [Operator Instructions] I would now like to turn the conference over to Rhylin Bailie, Vice President, Investor Re ...

Consolidated Financial Statements For the years ended December 31, 2021 and 2020 (Expressed in thousands of United States dollars, unless otherwise stated) CONTENTS Management's Report 3 Report of Independent Registered Public Accounting Firm – Consolidated Financial Statements 4 Report of Independent Registered Public Accounting Firm – Internal Control over Financial Reporting 4 Consolidated Statements of Financial Position 6 Consolidated Statements of Income 7 Consolidated Statements of Comprehensive Inco ...

Equinox Gold Corp (NYSE:EQX) Q4 2021 Earnings Conference Call February 24, 2022 10:30 AM ET Company Participants Rhylin Bailie - IR Christian Milau - CEO Peter Hardie - CFO Douglas Reddy - COO Conference Call Participants Ryan Thompson - BMO Kerry Smith - Haywood Securities Mike Parkin - National Bank Operator Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold Fourth Quarter 2021 Results and Corporate Update Conference Call and Webcast. [Operator Instructions] I would no ...