Cautionary Notes

Forward-looking Statements

This site includes certain forward-looking statements and forward-looking information (collectively, forward-looking statements) within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information. Actual results of operations and the ensuing financial results may vary materially from the amounts set out in any future-oriented financial information or financial outlook information. Forward-looking statements appear in several places on this site and are based on expectations, estimates and projections including, without limitation: statements relating to the strategic vision for the Company and expectations regarding exploration potential, production capabilities and future financial or operational performance, including investment returns; the expected benefits of the merger with Calibre Mining Corp. (“Calibre”) (the “Transaction”) and the attributes of Equinox Gold post-Transaction, including potential growth opportunities and operational, competitive and portfolio synergies and the ability to reduce debt; the Company’s expectations for the operation of Greenstone, including improvements in recovery rates, mining rates and throughput to achieve design capacity; expectations for completing construction and commissioning at Valentine and timing of first gold pour; anticipated closing of the Nevada assets sale;  the Company’s production and cost guidance; the timing for and Company’s ability to successfully advance its growth and development projects, including the expansion at Aurizona and the impact of the FAST-41 project designation for Castle Mountain; the duration of the suspension of operations at Los Filos; and the strength of the Company’s balance sheet, and the Company’s liquidity and future cash requirements; and expectations for future success of the management team.

 Forward-looking statements or information generally identified by the use of the words like: “believe”, “will”, “advance”, “achieve”, “strategy”, “increase”, “plan”, “vision”, “improve”, “maintain”, “potential”, “intend”, “on budget”, “anticipate”,  “expect”, “estimate”, “on track”, “target”, “objective”, and similar expressions and phrases or statements that certain actions, events or results “may”, “could”, or “should”,  or the negative connotation of such terms, and are intended to identify forward-looking statements and information. Although the Company believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct.

The Company has based forward-looking statements on the Company’s current expectations and projections about future events and these assumptions include: the ability to meet exploration, production, cost and development goals, including expected completion of Valentine construction and commissioning and the successful ramp-up to design capacity at Greenstone; the expansion projects at Castle Mountain and Aurizona being completed and performed in accordance with current expectations; gold prices remaining as estimated; availability of funds for projects and future cash requirements; prices for energy inputs, labour, materials, supplies and services remaining as estimated; the accuracy of Mineral Reserve and Mineral Resource estimates and the assumptions on which they are based; the Company’s ability to work with all of the local communities at Los Filos on suspended operations and get the necessary agreements completed; mine plans and estimated development schedules remaining consistent with the plans outlined in the technical reports for each project; tonnage of ore to be mined and processed and ore grades and recoveries are consistent with mine plans; capital, decommissioning and reclamation estimates remaining as estimated; Mineral Reserve and Mineral Resource estimates and the assumptions on which they are based; no labour-related disruptions and no unplanned delays or interruptions in scheduled construction, development and production, including by blockade or industrial action; the Company’s working history with the workers, unions and communities at Los Filos; the Company’s ability to achieve anticipated social and economic benefits for its host communities; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s ability to comply with environmental, health and safety laws and other regulatory requirements; the Company’s ability to achieve its objectives related to environmental performance; and the ability of Equinox Gold to work productively with its Indigenous and community partners. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on forward-looking statements contained on this Site.

The Company cautions that forward-looking statements involves known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained on this site and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks relating to: Canadian and United States sanctions on Nicaraguan operations; the financial impact that tariffs placed on Canada, Mexico, or Brazil by the United States and risks related to retaliatory tariffs placed on the United States by Canada, Mexico, or Brazil; fluctuations in prices for energy inputs, labour, materials, supplies and services; fluctuations in currency markets; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, geotechnical failures, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding, fire and severe weather); inadequate insurance, or inability to obtain insurance to cover these risks and hazards; relationships with, and claims by, local communities and Indigenous populations; Equinox Gold’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner or at all; changes in laws, regulations and government practices, including mining laws, and the factors identified in the section titled “Risks Related to the Business” in Equinox Gold’s most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar and in the section titled “Risk Factors” in Calibre’s most recently filed Annual Information Form which is available on SEDAR+ at www.sedarplus.ca.

Forward-looking statements are designed to help readers understand management’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statements contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements. All forward-looking statements contained in this site are expressly qualified by this cautionary statement.

Non-IFRS Measures

This website may include certain non-IFRS measures, namely: cash costs; cash costs per ounce (oz) sold; all-in sustaining costs (“AISC”); AISC per oz sold; AISC contribution margin, adjusted net income, adjusted EPS, mite-site free cash flow, adjusted EBITDA, net debt, and sustaining  capital expenditures that are measures with no standardized meaning under IFRS, i.e. they are non-IFRS measures, and may not be comparable to similar measures presented by other companies. Such measures are “non-GAAP financial measures”, “non-GAAP ratios”, “supplementary financial measures” or “capital management measures” (as such terms are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure).

The Company believes these measures, while not a substitute for measures of performance prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to the information provided by other issuers. Please see the information under the heading Non-IFRS Measures in Equinox Gold’s Management’s Discussion and Analysis (“MD&A”) for the most recently completed financial year, which section is incorporated by reference to this website for a description of the non-IFRS financial measures noted above. The MD&A may be found on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/EDGAR.

National Instrument 43-101

The Equinox Gold properties are:

  • In Canada, the Greenstone Mine, the Valentine Mine, and the Hasaga Property;
  • In the United States, the Castle Mountain Mine, the Mesquite Mine and the Golden Eagle Property;
  • In Mexico, the Los Filos Mine Complex;
  • In Nicaragua, the El Limon Mine Complex, the La Libertad Mine Complex, the Borosi Property, the Pavon Project and the Primavera Project; and
  • In Brazil, the Aurizona Mine, the RDM Mine, and the Bahia Complex (comprising the Fazenda Mine and the Santa Luz Mine).

Unless otherwise stated, scientific and technical information concerning the properties mentioned on this site is summarized, derived, or extracted from the following respective reports:

Canada

  • For the Greenstone Mine: “Technical Report on the Greenstone Gold Mine, Geraldton, Ontario” prepared by GMS dated October 1, 2024 with an effective date of June 30, 2024.
  • For the Valentine Mine: “Valentine Gold Project, NI 43-101 Technical Report and Feasibility Study” with an effective date of November 30, 2022.
  • For the Hasaga Property: “Technical Report on the Hasaga Property” with an effective date of June 30, 2024 and a report date of September 11, 2024.

United States

  • For the Castle Mountain Mine: “Technical Report on the Castle Mountain Project Feasibility Study” prepared by M3 Engineering & Technology Corp. dated March 17, 2021 with an effective date of February 16, 2021.
  • For the Mesquite Mine: “Technical Report on the Mesquite Gold Mine, Imperial County, California, U.S.A.” prepared by AGP Mining Consultants Inc., dated April 27, 2020 with an effective date of December 31, 2019.
  • For the Golden Eagle Property: “Mineral Resource Estimate NI 43-101 Technical Report, Golden Eagle Project” with an effective date of March 31, 2020 and a revised and amended date of September 24, 2021.

Mexico

  • For the Los Filos Mine: “Updated Technical Report for the Los Filos Mine Complex, Guerrero State, Mexico” dated June 30, 2022 with an effective date of October 19, 2022.

Nicaragua

  • For the El Limon Complex: “Technical Report on El Limon Complex, Leon and Chinandego Departments, Nicaragua, Report for NI 43-101” with an effective date of December 31, 2020 and a signature date of March 30, 2021.
  • For the La Libertad Complex: “Technical Report on La Libertad Complex, Nicaragua, Report for NI 43-101” with an effective date of December 31, 2021 and a signature date of March 29, 2022.
  • For the Borosi Property: “Technical Report and Resource Estimation of the Riscos de Oro Deposit, Borosoi Concessions, Region Autonama del Atlantico Norte, Nicaragua” with an effective date of October 9, 2012.
  • For the Pavon Project: “Pavon Gold Project, Resource Estimation, Nicaragua” with an effective date of November 12, 2019 and an issue date of January 9, 2020.
  • For the Primavera Project: “Primavera Project Resource Estimate” with an effective date of December 31, 2016 and an issue date of January 31, 2017.

Brazil

  • For the Aurizona Mine: “Technical Report on the Aurizona Gold Mine Expansion Pre-Feasibility Study” prepared by AGP Mining Consultants Inc. dated November 4, 2021 with an effective date of September 20, 2021.
  • For the Fazenda Mine: “Technical Report on the Fazenda Gold Mine, Bahia State, Brazil” prepared by Equinox Gold Corp. dated January 31, 2025 with an effective date of June 30, 2024.
  • For the Santa Luz Mine: “NI 43-101 Technical Report on the Santa Luz Project, Bahia State, Brazil” prepared by Equinox Gold Corp. dated November 30, 2020 with an effective date of June 30, 2020.
  • For the RDM Mine: “NI 43-101 Technical Report on the Riacho dos Machados Gold Mine, Minas Gerais, Brazil” prepared by Equinox Gold Corp. dated October 22, 2021 with an effective date of December 31, 2020.

Technical reports have been filed with Canadian securities regulatory authorities and are available for review on this website, on the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/EDGAR, as well as the Calibre profile on SEDAR+.

Readers are reminded that results outlined in the technical reports for each of these projects are preliminary in nature and may include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the mine plans and economic models contained in any of the reports will be realized. Readers are further cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

The technical information in this website has been reviewed and approved by David Schonfeldt, P. Geo., VP Mining Geology for Equinox Gold and a “Qualified Person” under National Instrument 43-101.

Readers are also advised to refer to the latest annual information form and technical reports of the Company as well as other continuous disclosure documents filed by the Company available at www.sedarplus.ca and at www.sec.gov/edgar  for detailed information (including qualifications, assumptions and notes set out accordingly) regarding the mineral reserve and mineral resource information contained on this website.

Cautionary Note to US Investors

Disclosure regarding the Company’s mineral properties, including with respect to mineral reserve and mineral resource estimates published on the Site, was prepared in accordance with National Instrument 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the Securities and Exchange Commission (the “SEC”) generally applicable to U.S. companies. Accordingly, information contained on this website is not comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.

Privacy Policy

By continuing to read this website, you confirm that you have read the Privacy Policy of Equinox Gold, the terms of which appear on the website. You agree that the terms of such Privacy Policy are reasonable. You consent to the use of your personal information by Equinox Gold in accordance with the terms of and for the purposes set forth in the Privacy Policy.

Links from the Website

This website may contain links to third-party websites that are not owned or controlled by Equinox Gold. Equinox Gold has no control over, and assumes no responsibility for, the information, data, opinions, advice, statements, content, privacy policies, or practices of any third-party websites, and you access and use these websites solely at your own risk. Accordingly, we encourage you to be aware when you leave the website and to read the terms and conditions of use for each other website that you visit.

Disclaimers and Exclusion of Liability

This website and its Content are provided “as is” and “as available”. The Content is believed to be accurate at the time it is posted on the site but it is not independently reviewed or verified. The Content may not be accurate, complete or current and is not intended to be a comprehensive review of all matters and developments concerning Equinox Gold.

The Company and its officers, directors, employees and representatives will not be liable to you or any other party for any damages of any kind including, without limitation, damages based on contract, negligence or other legal basis, including without limitation, indirect, special, consequential or incidental damages, lost profits, business interruption or other damages arising directly or indirectly from your use of the site or the Content.

TO THE FULLEST EXTENT PERMISSABLE UNDER APPLICABLE LAW, THE COMPANY DISCLAIMS ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND WHETHER EXPRESS, IMPLIED OR STATUTORY (INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF INTELLECTUAL PROPERTY AND ACCURACY). IN NO EVENT SHALL THE COMPANY BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) OR DUE TO THE USE OF OR INABILITY TO USE THE MATERIALS CONTAINED ON THIS SITE.  ANY USE OR RELIANCE ON THE CONTENT OF THIS SITE IS AT YOUR SOLE RISK.

In particular, Equinox Gold will not be liable for any claims, expenses, damages (including direct, indirect, special or consequential), loss of profits or opportunities arising from:

  • the Site, including without limitation, the accuracy, reliability, currency, veracity or completeness of the Content,
  • use or reliance on Content in the Site,
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  • internet software used in connection with the Site, or computer viruses, bugs or other destructive programs encountered as a result of using the Site, and
  • any other matter connected to the Site, even if Equinox Gold is made aware of the possibility of such claims, expenses, damages or losses.

You assume total responsibility and risk for your access to and use of the website and the Content. You acknowledge that the Company is making the site and the Content available to you in reliance upon your acceptance of the limitations and exclusions of liability and the disclaimers set out in this Legal Notice and that the same form a contract between you and the Company. You agree that the limitations and disclaimers will survive and continue to apply in the case of a fundamental breach or breaches, the failure of an essential purpose of this contract, the failure of any remedy or the termination or suspension of your use of the site by the Company.