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 "FOFI"). Actual results of operations and the resulting financial results may vary materially from the amounts set out in an FOFI. Forward-looking statements and forward-looking information in this presentation relate to, among other ...

[Business Overview](index=4&type=section&id=Business%20Overview) Equinox Gold is a growth-focused mining company with seven operating gold mines in the Americas, aiming to become a premier producer of over one million ounces annually - Equinox Gold operates **seven gold mines** across the Americas, including the USA, Mexico, and Brazil[10](index=10&type=chunk) - The company holds a **60% interest** in the Greenstone Project in Canada, currently under construction[10](index=10&type=chunk) - The strategic vision is to become a premier Americas gold producer, targeting **over one million ounces of gold annually** through asset expansion and acquisitions[11](index=11&type=chunk) [Highlights for the Three Months Ended September 30, 2023](index=4&type=section&id=Highlights%20for%20the%20Three%20Months%20Ended%20September%2030%2C%202023) The company reported strong Q3 2023 operational and financial performance, with significant progress on the Greenstone project and strategic financing activities Q3 2023 Key Highlights | Category | Metric | Value | | :--- | :--- | :--- | | **Operational** | Gold Produced | 149,089 ounces | | | Gold Sold | 148,231 ounces | | | Average Realized Gold Price | $1,917 per ounce | | | AISC per ounce sold | $1,630 | | **Financial** | Net Income | $2.2 million ($0.01/share) | | | Adjusted Net Income | $28.7 million ($0.09/share) | | | Adjusted EBITDA | $81.2 million | | | Cash and Cash Equivalents | $356.7 million | | | Net Debt | $729.5 million | - The Greenstone construction project reached **93% completion** by Q3 2023, remaining on budget and on track for first gold in H1 2024[18](index=18&type=chunk) - In September 2023, the company issued **$172.5 million** in 4.75% unsecured senior convertible notes, maturing in 2028[18](index=18&type=chunk) [Recent Developments](index=5&type=section&id=Recent%20Developments) Recent corporate actions include debt repayment, a gold purchase and sale arrangement, and a new board appointment - On October 3, 2023, **$166.0 million** of the Revolving Facility was repaid using convertible note proceeds[18](index=18&type=chunk) - On October 31, 2023, the company received **$75 million** from a gold purchase and sale arrangement with Sandbox Royalties Corp[18](index=18&type=chunk) - Fraz Siddiqui joined the Board of Directors on October 31, 2023, as Mubadala Investment Company's appointee[18](index=18&type=chunk) [Consolidated Operational and Financial Highlights](index=6&type=section&id=Consolidated%20Operational%20and%20Financial%20Highlights) Consolidated results show significant improvements in Q3 2023, driven by higher production and reduced costs, leading to a return to net profit Consolidated Financial Performance (Q3 2023 vs. Q3 2022) | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 149,089 | 143,615 | +3.8% | | Gold Sold (ounces) | 148,231 | 143,032 | +3.6% | | Revenue (Million $) | 284.7 | 245.1 | +16.2% | | Income from Mine Operations (Million $) | 25.2 | 7.4 | +240.5% | | Net Income (Loss) (Million $) | 2.2 | (30.1) | Turn to Profit | | Adjusted EBITDA (Million $) | 81.2 | 25.6 | +217.2% | | AISC per ounce sold ($/ounce) | 1,630 | 1,751 | -6.9% | - Gold sales increased in Q3 and the first nine months of 2023, primarily due to higher production at **Los Filos, Aurizona, and RDM mines**[19](index=19&type=chunk) - Net income for Q3 2023 was **$2.2 million**, a significant improvement from a **$30.1 million net loss** in Q3 2022, driven by higher mine income and fair value gains on warrants[22](index=22&type=chunk) Sustaining and Non-Sustaining Expenditures (Nine Months Ended Sep 30, 2023) | Category ($ millions) | Sustaining | Non-sustaining | Total | | :--- | :--- | :--- | :--- | | USA | 11.1 | 18.8 | 29.9 | | Mexico | 17.7 | 0.5 | 18.2 | | Brazil | 48.5 | 15.4 | 63.9 | | Canada (Greenstone) | — | 270.3 | 270.3 | | **Total** | **77.2** | **305.0** | **382.2** | [Operations](index=8&type=section&id=Operations) This section details the operational performance of each gold mine, including production, costs, and specific challenges or improvements [Mesquite Gold Mine, California, USA](index=8&type=section&id=Mesquite%20Gold%20Mine%2C%20California%2C%20USA) In Q3 2023, Mesquite's production fell 46% year-over-year to 24,050 ounces due to mine sequencing and temporary leach pad issues. Despite lower output, AISC per ounce sold decreased by 13% to $1,129, benefiting from minimal sustaining capital expenditures. The mine's 2023 strategy involves a small pit approach to reduce waste stripping and manage costs Mesquite Q3 2023 vs. Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 24,050 | 44,953 | -46% | | Gold Sold (ounces) | 24,049 | 44,711 | -46% | | Cash Costs per ounce sold ($/ounce) | 1,073 | 921 | +16% | | AISC per ounce sold ($/ounce) | 1,129 | 1,292 | -13% | - Lower production in 2023 is due to mine sequencing, with most ounces expected on the leach pad in H2 2023[29](index=29&type=chunk) - 2023 production guidance for Mesquite is **80,000 to 90,000 ounces**, with AISC guidance of **$1,415 to $1,480 per ounce**[36](index=36&type=chunk) [Castle Mountain Gold Mine, California, USA](index=10&type=section&id=Castle%20Mountain%20Gold%20Mine%2C%20California%2C%20USA) Castle Mountain's Q3 2023 gold production decreased by 17% year-over-year to 4,237 ounces, a result of placing fewer recoverable ounces on the leach pad. AISC per ounce sold rose 17% to $1,648, as the transition to higher-cost crushing and agglomeration has not yet delivered the anticipated throughput and recovery improvements Castle Mountain Q3 2023 vs. Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 4,237 | 5,093 | -17% | | Gold Sold (ounces) | 4,237 | 5,093 | -17% | | Cash Costs per ounce sold ($/ounce) | 1,384 | 1,104 | +25% | | AISC per ounce sold ($/ounce) | 1,648 | 1,410 | +17% | - Lower production resulted from fewer recoverable ounces placed, with plans to relocate the crusher plant in 2024 for improved throughput[41](index=41&type=chunk) - 2023 production guidance for Castle Mountain is **25,000 to 30,000 ounces**, with AISC guidance of **$1,865 to $1,950 per ounce**[46](index=46&type=chunk) [Los Filos Gold Mine, Guerrero, Mexico](index=12&type=section&id=Los%20Filos%20Gold%20Mine%2C%20Guerrero%2C%20Mexico) Los Filos saw a 71% year-over-year surge in Q3 2023 production to 39,455 ounces, driven by increased ore mining. However, recoveries were hampered by solution management issues and high-copper content ore. AISC per ounce sold fell significantly by 41% to $2,082, benefiting from higher production volumes and lower inventory write-downs compared to Q3 2022 Los Filos Q3 2023 vs. Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 39,455 | 23,121 | +71% | | Gold Sold (ounces) | 39,817 | 22,677 | +76% | | Cash Costs per ounce sold ($/ounce) | 1,863 | 3,105 | -40% | | AISC per ounce sold ($/ounce) | 2,082 | 3,499 | -41% | - Production recovery was delayed by solution management and high-copper ore, with most built-up inventory expected to be recovered in Q4 2023[53](index=53&type=chunk)[54](index=54&type=chunk) - Mexico enacted significant mining law changes in May 2023, impacting concession life, water rules, and community profit sharing, with the company assessing the operational impact[62](index=62&type=chunk) [Aurizona Gold Mine, Maranhão, Brazil](index=14&type=section&id=Aurizona%20Gold%20Mine%2C%20Maranh%C3%A3o%2C%20Brazil) Aurizona's Q3 2023 production rose 25% year-over-year to 32,185 ounces, thanks to better access to high-grade ore and increased mill throughput. AISC per ounce sold remained stable at $1,492, as the benefit of higher gold sales was offset by increased mining costs and sustaining capital for a new tailings storage facility Aurizona Q3 2023 vs. Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 32,185 | 25,709 | +25% | | Gold Sold (ounces) | 31,247 | 25,507 | +23% | | Cash Costs per ounce sold ($/ounce) | 991 | 1,006 | -1% | | AISC per ounce sold ($/ounce) | 1,492 | 1,476 | +1% | - Production increased due to better access to higher-grade ore and increased processing, supported by an additional mining contractor[66](index=66&type=chunk) - 2023 production guidance for Aurizona is **120,000 to 130,000 ounces**, with AISC guidance of **$1,410 to $1,500 per ounce**[71](index=71&type=chunk) [Fazenda Gold Mine, Bahia, Brazil](index=16&type=section&id=Fazenda%20Gold%20Mine%2C%20Bahia%2C%20Brazil) Fazenda's Q3 2023 production was stable year-over-year at 17,503 ounces, supported by a higher average underground gold grade. However, AISC per ounce sold increased by 19% to $1,431, driven by higher unit costs in both mining and processing due to contract adjustments and maintenance activities Fazenda Q3 2023 vs. Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 17,503 | 17,234 | +2% | | Gold Sold (ounces) | 17,434 | 17,057 | +2% | | Cash Costs per ounce sold ($/ounce) | 1,239 | 1,055 | +17% | | AISC per ounce sold ($/ounce) | 1,431 | 1,207 | +19% | - Higher AISC resulted from increased mining unit costs due to contractor adjustments and underground maintenance, alongside higher processing costs[79](index=79&type=chunk)[80](index=80&type=chunk) - 2023 production guidance for Fazenda is **60,000 to 65,000 ounces**, with AISC guidance of **$1,390 to $1,430 per ounce**[83](index=83&type=chunk) [RDM Gold Mine, Minas Gerais, Brazil](index=18&type=section&id=RDM%20Gold%20Mine%2C%20Minas%20Gerais%2C%20Brazil) RDM achieved its highest quarterly production since Q4 2020, with Q3 2023 output jumping 58% year-over-year to 16,327 ounces. This was driven by higher grades from mining in-situ ore. AISC per ounce sold decreased by 4% to $1,547, reflecting the significant production increase and lower mining costs after transitioning from contract to owner mining RDM Q3 2023 vs. Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 16,327 | 10,321 | +58% | | Gold Sold (ounces) | 15,987 | 10,231 | +56% | | Cash Costs per ounce sold ($/ounce) | 1,140 | 1,281 | -11% | | AISC per ounce sold ($/ounce) | 1,547 | 1,617 | -4% | - Production increased due to higher grades from in-situ ore mining and reduced reliance on low-grade stockpiles, improving from 2022 permit delays[89](index=89&type=chunk) - 2023 production guidance for RDM is **50,000 to 60,000 ounces**, with AISC guidance of **$1,685 to $1,870 per ounce**[93](index=93&type=chunk) [Santa Luz Gold Mine, Bahia, Brazil](index=20&type=section&id=Santa%20Luz%20Gold%20Mine%2C%20Bahia%2C%20Brazil) Santa Luz, which reached commercial production in October 2022, produced 15,332 ounces in Q3 2023, consistent with Q2 2023. AISC per ounce sold was $1,834, a 15% increase quarter-over-quarter, mainly due to higher mining unit costs from longer haul distances. The operational focus remains on stabilizing the plant and improving gold recoveries Santa Luz Q3 2023 vs. Q2 2023 Performance | Metric | Q3 2023 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Gold Produced (ounces) | 15,332 | 15,321 | 0% | | Gold Sold (ounces) | 15,459 | 14,856 | +4% | | Cash Costs per ounce sold ($/ounce) | 1,644 | 1,480 | +11% | | AISC per ounce sold ($/ounce) | 1,834 | 1,592 | +15% | - The mine's resin-in-leach process is undergoing optimization to increase recoveries, which remained consistent with Q2 2023[98](index=98&type=chunk) - 2023 production guidance for Santa Luz is **60,000 to 70,000 ounces**, with a focus on achieving **70% or more recoveries** in H2 2023[103](index=103&type=chunk) [Development Projects](index=22&type=section&id=Development%20Projects) The company is advancing key development projects, including the Greenstone construction, and optimizing expansion plans for Los Filos, Castle Mountain, and Aurizona [Greenstone Project, Ontario, Canada](index=22&type=section&id=Greenstone%20Project%2C%20Ontario%2C%20Canada) The Greenstone Project (60% owned by Equinox Gold) reached 93% overall completion as of September 30, 2023. The project remains on budget and is on track for its first gold pour in the first half of 2024. As of quarter-end, $1,087 million (89%) of the $1,225 million construction budget had been spent on a 100% basis - The Greenstone project is a **60/40 partnership** with Orion Mine Finance Group, with Equinox Gold's Q3 2023 spending share at **$90 million**[106](index=106&type=chunk)[111](index=111&type=chunk) - Key Q3 2023 milestones included Highway 11 realignment, power plant commissioning, and process plant pre-commissioning activities[110](index=110&type=chunk) - The project is expected to produce **over 400,000 ounces of gold annually** for its first five years of operation[106](index=106&type=chunk) [Los Filos Expansion, Guerrero, Mexico](index=23&type=section&id=Los%20Filos%20Expansion%2C%20Guerrero%2C%20Mexico) The company has deferred a construction decision on the Los Filos expansion, which includes a new CIL plant. The decision to proceed will depend on operating stability in the region, market conditions, and capital availability. The current focus is on optimizing cash flow and community relations - A construction decision for the CIL plant, originally planned for 2023, has been deferred[114](index=114&type=chunk) [Castle Mountain Expansion, California, USA](index=23&type=section&id=Castle%20Mountain%20Expansion%2C%20California%2C%20USA) The company is advancing optimization and engineering for the Phase 2 expansion, which is expected to increase average annual production to 218,000 ounces. The required permit amendment application is under review by US federal and county agencies, with a draft Environmental Impact Statement (EIS) anticipated to be developed throughout 2024 - The Phase 2 expansion is projected to yield **3.2 million ounces of gold** with lower industry quartile AISC[115](index=115&type=chunk) - The permit amendment application, submitted in March 2022, is expected to lead to a draft Environmental Impact Statement (EIS) in 2024[116](index=116&type=chunk) [Aurizona Expansion, Brazil](index=23&type=section&id=Aurizona%20Expansion%2C%20Brazil) The company is advancing plans for a potential long-life underground mine at Aurizona. Rather than completing a full feasibility study at this time, the focus is on planning for the construction of a portal and underground decline in 2024 to facilitate bulk sampling and further exploration drilling - The expansion aims to extend mine life beyond **10 years** through an underground mine and satellite open pits alongside the existing operation[117](index=117&type=chunk) - Plans include constructing a portal and decline in 2024 for bulk sampling and underground exploration prior to full expansion commitment[118](index=118&type=chunk) [Health, Safety and Environment](index=23&type=section&id=Health%2C%20Safety%20and%20Environment) The company reported a low Total Recordable Injury Frequency Rate and addressed environmental incidents at Castle Mountain - In Q3 2023, there were **three lost-time injuries**, with a 12-month rolling TRIFR of **1.28 per million hours worked**, below the **3.25 target**[119](index=119&type=chunk) - Three significant environmental incidents occurred at Castle Mountain in Q3, related to bird mortalities, which were addressed with deterrent devices[120](index=120&type=chunk) [Community Development and ESG Reporting](index=24&type=section&id=Community%20Development%20and%20ESG%20Reporting) The company published its inaugural Water Stewardship Report, submitted climate and ESG data, and engaged in extensive community development activities - The company published its inaugural **2022 Water Stewardship Report** in July 2023, aligned with ICMM framework[128](index=128&type=chunk) - Climate change data was submitted to CDP and ESG data to S&P Global CSA during the quarter[127](index=127&type=chunk) - Extensive community engagement included project updates for First Nations, skills training in Brazil, and community facility construction in Mexico[123](index=123&type=chunk)[124](index=124&type=chunk)[125](index=125&type=chunk) [Corporate](index=24&type=section&id=Corporate) Corporate activities included convertible note issuance and debt repayment, strategic divestitures, and gold hedging to manage cash flow - On September 21, 2023, **$172.5 million** in convertible notes were issued, with net proceeds of **$165.1 million** used to repay **$166.0 million** of the Revolving Facility on October 3, 2023[131](index=131&type=chunk) - On March 31, 2023, **11.6 million units of i-80 Gold** were sold for **$23.6 million**, resulting in a **$34.5 million gain** and reclassification of the investment[140](index=140&type=chunk)[141](index=141&type=chunk) - In Q1 2023, **12.0 million shares** in Solaris Resources Inc. were sold for gross proceeds of **$53.4 million**[142](index=142&type=chunk) - Gold collar contracts were entered into during Q1 and Q2 2023 to manage cash flow variability during Greenstone construction, covering **13,694 ounces per month** through March 2024[137](index=137&type=chunk)[138](index=138&type=chunk) [Financial Results](index=26&type=section&id=Financial%20Results) The company reported a significant increase in Q3 2023 revenue and a return to net income, driven by higher gold sales and improved financial instrument valuations Selected Financial Results (Three Months Ended Sep 30) | $ millions (except per share) | 2023 | 2022 | | :--- | :--- | :--- | | Revenue | 284.7 | 245.1 | | Income from mine operations | 25.2 | 7.4 | | Net income (loss) | 2.2 | (30.1) | | Basic EPS ($) | 0.01 | (0.10) | - Revenue for Q3 2023 increased by **16%** year-over-year, driven by a **4% increase in gold ounces sold** and a **12% increase in average realized gold price**[145](index=145&type=chunk) - Net income significantly improved in Q3 2023 due to higher mine operations income and favorable fair value changes, including a **$1.6 million gain on warrants** compared to a **$13.4 million loss** in Q3 2022[22](index=22&type=chunk)[153](index=153&type=chunk)[154](index=154&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a strong liquidity position with substantial cash and working capital, supported by increased operating cash flow and strategic financing Liquidity Position (as of Sep 30, 2023) | Metric | Value (Million $) | | :--- | :--- | | Cash and cash equivalents | 356.7 | | Net working capital | 510.0 | | Revolving Facility Drawn | 700.0 (fully drawn) | - Cash provided by operating activities for the nine months ended September 30, 2023, was **$232.6 million**, a substantial increase from **$10.9 million** in the prior-year period, largely due to **$149.4 million** from gold prepay arrangements[168](index=168&type=chunk) - Cash used in investing activities for the nine months ended September 30, 2023, was **$319.2 million**, primarily for **$386.3 million** in capital expenditures, with **$265.8 million** allocated to the Greenstone project[169](index=169&type=chunk) [Outstanding Share Data](index=31&type=section&id=Outstanding%20Share%20Data) The company's share capital structure includes issued and outstanding shares, along with potentially dilutive securities from stock options, RSUs, and convertible notes Share Capital Structure (as of MD&A date) | Security Type | Number of Shares | | :--- | :--- | | Issued and Outstanding | 312,980,933 | | Issuable under Stock Options | 1,155,194 | | Issuable under RSU | 6,861,543 | | Potentially Issuable on Conversion of Notes | 71,839,167 | | **Fully Diluted Outstanding** | **392,836,837** | [Commitments and Contingencies](index=32&type=section&id=Commitments%20and%20Contingencies) The company has significant contractual commitments and has recognized provisions for legal matters, while assessing potential environmental fines - As of September 30, 2023, total contractual commitments were approximately **$2.17 billion**, with **$582.0 million** due within one year[173](index=173&type=chunk) - A provision of **$8.4 million** has been recognized for various legal matters[174](index=174&type=chunk) - Potential environmental fines of **$10.2 million** related to a 2021 rain event at Aurizona are not provisioned, as cash outflow is not deemed probable[175](index=175&type=chunk) [Related Party Transactions](index=32&type=section&id=Related%20Party%20Transactions) No significant related party transactions were reported for the three and nine months ended September 30, 2023 - No significant related party transactions occurred during the three and nine months ended September 30, 2023[177](index=177&type=chunk) [Non-IFRS Measures](index=33&type=section&id=Non-IFRS%20Measures) This section defines and reconciles non-IFRS financial measures, including adjustments to cash cost calculations for peer comparability - This section defines and reconciles non-IFRS measures like cash costs, AISC, adjusted EBITDA, adjusted net income, and net debt to comparable IFRS figures[178](index=178&type=chunk) - Effective Q2 2023, cash cost calculation was adjusted to exclude sustaining lease payments, aligning with World Gold Council standards for improved peer comparability, with restated comparative periods[181](index=181&type=chunk) Reconciliation of Net Income to Adjusted EBITDA (Q3 2023) | Item ($ millions) | Value | | :--- | :--- | | Net income (loss) | 2.2 | | Add: Income tax (recovery) | (8.1) | | Add: Depreciation and depletion | 58.9 | | Add: Finance expense | 15.3 | | Less: Finance income | (3.0) | | **EBITDA** | **65.2** | | Add/Less: Adjustments | 16.0 | | **Adjusted EBITDA** | **81.2** | [Accounting Matters](index=38&type=section&id=Accounting%20Matters) The interim financial statements adhere to IFRS, with consistent accounting policies and critical estimates as the prior annual period - The condensed consolidated interim financial statements are prepared in accordance with International Financial Reporting Standards (IFRS)[197](index=197&type=chunk) - Accounting policies and critical estimates are consistent with the December 31, 2022, annual audited consolidated financial statements[197](index=197&type=chunk)[198](index=198&type=chunk) [Internal Controls Over Financial Reporting and Disclosure Controls and Procedures](index=38&type=section&id=Internal%20Controls%20Over%20Financial%20Reporting%20and%20Disclosure%20Controls%20and%20Procedures) Management confirms responsibility for internal controls over financial reporting, with no material changes identified during Q3 2023 - Management is responsible for internal controls over financial reporting, with no material changes identified during Q3 2023[199](index=199&type=chunk) [Cautionary Notes and Forward-looking Statements](index=39&type=section&id=Cautionary%20Notes%20and%20Forward-looking%20Statements) This section highlights that the MD&A contains forward-looking statements subject to risks and uncertainties, with mineral reserve estimates prepared under Canadian standards - This MD&A includes forward-looking statements on production guidance, project timelines, and financial performance, subject to various risks and uncertainties[200](index=200&type=chunk) - Key assumptions include stable gold prices, currency exchange rates, operating conditions, and timely receipt of permits[201](index=201&type=chunk) - U.S. readers are cautioned that mineral reserve and resource estimates adhere to Canadian NI 43-101 standards, differing from SEC disclosure requirements[205](index=205&type=chunk) [Technical Information](index=40&type=section&id=Technical%20Information) Qualified Persons under NI 43-101 have reviewed and approved the technical content of this document - Doug Reddy and Scott Heffernan, Qualified Persons under NI 43-101, have reviewed and approved the technical content of this document[206](index=206&type=chunk)

Financial Data and Key Metrics Changes - The company reported cash costs per ounce of $13.61 for Q2 2023, similar to Q1 2023 and down from $14.82 in Q2 2022. The all-in sustaining cost per ounce was $15.02, down from $15.76 in Q1 2023 and $16.57 in Q2 2022 [11][17][19] - EBITDA for Q2 2023 was $64 million, or $71 million on an adjusted basis, with a net income of $5 million, resulting in basic and fully diluted earnings per share of $0.02. On an adjusted basis, there was a net loss of $6 million or $0.02 per share [11][19] Business Line Data and Key Metrics Changes - The company sold 138,000 ounces of gold in Q2 2023, generating $217 million in revenue, which is an increase of 15,000 ounces compared to Q1 2023 and 18,000 ounces compared to Q2 2022 [19] - At Los Filos, productivity improvements were noted with a 15% increase in open pit productivity and a 23% increase in underground ore tonnes mined [22] Market Data and Key Metrics Changes - The average realized price for gold sold in Q2 2023 was $19.62 per ounce, compared to $19.31 year-to-date [19] - The company experienced a net debt increase from $548 million at the end of Q1 to $661 million at the end of Q2 [95] Company Strategy and Development Direction - The company is focused on completing the Greenstone Gold mine, which is 85% complete and on track for first gold pour in H1 2024. The remaining construction budget is approximately $170 million [9][12][24] - The company aims to enhance its portfolio by acquiring larger, longer-life mines to improve production profiles, while currently prioritizing the completion of Greenstone [110] Management's Comments on Operating Environment and Future Outlook - Management noted tapering in unit input costs, particularly for diesel and cyanide in Brazil and the U.S., although these decreases are somewhat offset by currency strength in Brazil and Mexico [3] - The company is optimistic about achieving strong production in the second half of the year, with 55% of the annual production expected in this period [13] Other Important Information - The company reported a tragic fatality at the Santa Luz mine in June, leading to a one-week suspension of operations for investigation and safety training refresh [40] - The company has a right of first refusal (ROFR) on Orion's 40% stake in Greenstone, indicating interest in potentially increasing ownership [72][126] Q&A Session Summary Question: What is the plan for the $140 million convertible notes due next April? - Management is exploring options, including issuing equity if the notes are in the money, and is in discussions with the holders [30] Question: How much of the $170 million remaining for Greenstone will fall into the next fiscal year? - Management indicated that they are on track for the $277 million planned spend this year, but specific splits were not available [31] Question: Can you provide details on the fatality at Santa Luz? - Management declined to provide details out of respect for the employee's family [81] Question: How is the permitting process for Castle Mountain Phase 2 progressing? - Management reported that the application is straightforward and is currently in the permitting process, expected to be completed in 2025 [91] Question: What is the status of liquidity and capital spend? - Management expressed satisfaction with existing liquidity and indicated no immediate plans to bolster it outside of current operations [88]

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 ...

Equinox Gold Corp (NYSE:EQX) Q1 2023 Results Conference Call May 3, 2023 10:30 AM ET Company Participants Rhylin Bailie - Vice President of Investor Relations Greg Smith - Chief Executive Officer Doug Reddy - Chief Operating Officer Peter Hardie - Chief Financial Officer Scott Heffernan - Executive Vice President of Exploration Conference Call Participants Wayne Lam - RBC Anita Soni - CIBC World Markets Arun Lamba - TD Securities Mike Parkin - National Bank Operator Thank you for standing by. This is the co ...

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. ...

Consolidated Financial Statements For the years ended December 31, 2022 and 2021 (Expressed in thousands of United States dollars, unless otherwise stated) Consolidated Financial Statements For the years ended December 31, 2022 and 2021 | 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 | 6 | | Consolid ...

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 ...