Online Q&A

Open communication about Equinox Gold’s plans and objectives

The Q&A below includes the most frequently asked questions about Equinox Gold’s properties, business plan and capital structure. If you don’t find what you’re looking for, please submit a question and we’ll get right back to you.  

Submit a Question

If you’ve got a question, chances are someone else is wondering the same thing.

So please don’t be shy about asking questions! You can fill out the Submit a Question form, email us directly at ir@equinoxgold.com or call us at +1 604-260-0516. We won’t always have answers right away, but we’ll find the information as quickly as we can.

We look forward to speaking with you soon!

Submit a Question

 
Questions and Answers

Q
What are Equinox Gold's primary goals for 2022?
A

During 2022 we are investing for growth, making significant capital investments in our projects to sustain long-term production, bringing our new Santa Luz mine into production and advancing construction of our Greenstone project in Ontario. Key objectives for 2022 include:

Operations and development: 

  • Achieve guidance of 625,000-710,000 oz of gold at AISC of $1,330-$1,415 per oz
  • Achieve Santa Luz production on time and on budget, with first gold pour in late Q1 2022
  • Advance Greenstone construction on budget
  • Commence Castle Mountain expansion permitting
  • Advance development of Los Filos Bermejal underground deposit to access higher-grade ore
  • Advance development of Aurizona underground and satellite deposits
  • Manage COVID-19, stay safe and healthy
  • Continue with year-on-year improvements to safety and environmental performance

Exploration:

  • Replace reserves and expand resources
  • Extend mine life at Aurizona, Mesquite and Fazenda
  • Test regional targets at Aurizona and in Fazenda-Santa Luz district
Corporate:
  • Complete Mercedes sale
  • Maintain solid balance sheet to fund growth
  • Support investment companies: Solaris Resources, i-80 Gold, Bear Creek Mining, Pilar Gold
  • Consider opportunistic M&A

 

Q
How much gold will you produce in 2022?
A

Equinox Gold released its 2022 guidance on January 25, 2022, estimating production and costs for the full calendar year for its existing assets. 

The Company's 2022 guidance represents the fourth consecutive year of production growth at Equinox Gold and includes production that will come from the new Santa Luz mine in Brazil in Q1 2022. Production is forecast to increase quarter over quarter, with 60% of gold production and more than 85% of operating cash flow anticipated in the second half of the year. As production increases, costs will decrease. Cash costs and AISC are expected to be approximately $1,210 and $1,540 per ounce in H1 2022 and $1,025 and $1,295 per ounce in H2 2022, respectively. The weighting of production and cash flow into the second half of the year is primarily due to the Santa Luz mine transitioning from construction and commissioning to operations starting in Q2 2022.

Cash costs for 2022 reflect inflationary pressures across all operations, with approximately 15% cost escalation for fuel and other major consumables. AISC for 2022 includes $195 million of sustaining capital investment focused primarily on stripping campaigns at the Mesquite, Aurizona and Santa Luz mines to open up new ore sources and both open-pit stripping and underground development work at Los Filos that was in part delayed during 2021. The Company is also completing tailings storage facility expansions or lifts at Aurizona, RDM and Santa Luz and completing a leach pad expansion at Castle Mountain.

The Company is undertaking several growth projects during 2022 including completing construction and commissioning of the Santa Luz mine, advancing construction of the Greenstone project, and conducting exploration focused on mine life extension at Mesquite, Aurizona, Fazenda, Santa Luz and RDM. Non-sustaining capital also includes underground development at Los Filos in part carried over from 2021, a pit expansion at RDM and permitting for the Castle Mountain expansion.

The Company may revise guidance during the year to reflect changes to expected results.

 

Production and cost guidance excludes the Mercedes Mine as the previously announced sale to Bear Creek Mining is expected to close around the end of Q1 2022, although ounces produced and capital spent prior to closing will be attributable to Equinox Gold.

Q
How can I reach your transfer agent to discuss my Equinox Gold investment?
A

Equinox Gold investors can determine how many shares and warrants they hold by contacting Equinox Gold's transfer agent, Computershare, as outlined below.

North American callers: 1-800-564-6253

International callers: 1-514-982-7555

By email: service@computershare.com

By mail: Computershare Investor Services
9th Floor, North Tower, 100 University Avenue
Toronto, ON, Canada M5J 2Y1

Q
How do I exercise my warrants?
A

The warrants that traded on the TSX under symbol "EQX.WT" and on the OTC Markets under symbol "EQXWF" expired on October 6, 2021 and are no longer available for trading or exercise.

If you held warrants in a predecessor company, please contact Computershare Investor Services and they will assist you.

Computershare Investor Services
Toll Free: +1-800-564-6253
International: +1 514-982-7555
Email: corporateactions@computershare.com

Q
I owned shares/warrants in a predecessor company. What do I own today and how can I get my EQX share certificates?
A

Equinox Gold and its predecessor companies have completed a number of corporate actions since 2016 that may have affected the number of shares you hold and the number of shares issued to you upon exercise of warrants. The majority of these corporate actions are listed below. If you do not see information relating to the predecessor company in which you held shares, please contact Equinox Gold's transfer agent, Computershare, for more information about your holdings in Equinox Gold.

Computershare Investor Services
Toll Free: +1-800-564-6253
International: +1 514-982-7555
Email: service@computershare.com

Corporate actions

April 2021: Equinox Gold acquires Premier Gold. Premier Gold shareholders receive 0.1967 shares for every share held.

March 2020: Equinox Gold / Leagold merger. Leagold shareholders receive 0.331 EQX shares for every share held.

August 2019: Equinox Gold 5:1 share consolidation. EQX shares reduced by a factor of 5 (1,000 shares become 200 shares).

August 2018: Equinox Gold spins out copper assets to Solaris Resources (TSX-V: SLS). EQX shareholders get 0.10 shares in SLS for every EQX share held. In May 2020 Solaris completed a 2:1 share consolidation and SLS shares were reduced by a factor of 2 (1,000 shares became 500 shares).

May 2018: Leagold acquires Brio Gold. Brio Gold shareholders receive 0.922 LMC shares for every share held.

December 2017: Equinox Gold formed through merger of Trek Mining / Newcastle Gold / Anfield Gold. Trek Mining shares converted on 1:1 ratio. Newcastle shareholders receive 0.873 EQX shares for every share held. Anfield shareholders receive 0.407 EQX shares for every share held. 

March 2017: Trek Mining formed through merger of JDL Gold / Luna Gold. JDL Gold shares converted on a 1:1 ratio. Luna Gold shareholders receive 1.105 Trek shares for every share held. 

October 2016: JDL Gold 6.45:1 share consolidation. JDL shares reduced by a factor of 6.45 (1,000 shares become 155 shares).

October 2016: JDL Gold formed through merger of Lowell Copper / Gold Mountain / Anthem United. Lowell Copper shares converted on a 1:1 ratio. Gold Mountain shareholders receive 1.032 JDL shares for every share held. Anthem shareholders receive 0.774 JDL shares for every share held.

October 2016: Luna Gold 10:1 share consolidation. LMC shares reduced by a factor of 10 (1,000 shares become 100 shares).

Receiving your new share certificates

If your shares were deposited in a trading account the conversions would have happened automatically.

If you still hold physical share certificates or DRS Advice you need to exchange your share and warrant certificates or DRS Advice with Computershare in order to receive your new Equinox Gold share certificates (and your Solaris Resources share certificates if you held Equinox Gold shares at August 2, 2018). Shareholders who fail to submit a duly completed Letter of Transmittal and all other documents required by Computershare within six years of the respective transaction will no longer have the right to receive shares and will not receive any compensation in lieu thereof.

If you have lost your share certificate or Letter of Transmittal, please contact Computershare at:

Computershare Investor Services
Toll Free: +1-800-564-6253
International: +1 514-982-7555
Email: service@computershare.com

Do not send your share certificates to Equinox Gold for exchange. They must be submitted to Computershare at:

Computershare Investor Services
9th Floor, North Tower, 100 University Ave
Toronto, ON, Canada   M5J 2Y1
Email: corporateactions@computershare.com
1-800-564-6253

Q
I owned shares/warrants in Premier Gold. What do I own today and how can I get my EQX share certificates?
A

On April 7, 2021, Equinox Gold acquired all of the oustanding shares of Premier Gold Mines Limited.

Premier shareholders will receive 0.1967 of an Equinox Gold common share for each Premier share held. Each Premier warrant and option will become exercisable for Equinox Gold common shares, as adjusted in accordance with the exchange ratio.

Premier shareholders will also receive 0.4 of a share in i-80 Gold Corp. for each Premier share held. While Equinox Gold holds 30% of the shares of i-80 Gold as a strategic corporate investor, Equinox Gold shareholders will not receive i-80 Gold shares and i-80 Gold will be a separate, independent company with a management team that will include certain former Premier Gold executives. Information about the process to receive i-80 Gold shares can be obtained by contacting i-80 Gold by email at info@i80gold.com or by phone at 1-888-346-1390.

Receiving your new Equinox Gold shares

If your shares were deposited in a trading account the conversions will happen automatically, generally within two weeks of closing.

If you still hold physical share certificates or DRS Advice you need to exchange your share and warrant certificates or DRS Advice with Computershare in order to receive your new Equinox Gold share certificates. Premier shareholders who fail to submit a duly completed Letter of Transmittal and all other documents required by Computershare within six years of the transaction will no longer have the right to receive shares and will not receive any compensation in lieu thereof.

If you have lost your share certificate or Letter of Transmittal, please contact Computershare at:

Computershare Investor Services
Toll Free: +1-800-564-6253
International: +1 514-982-7555
Email: service@computershare.com

Do not send your share certificates to Equinox Gold for exchange. They must be submitted to Computershare at:

Computershare Investor Services
9th Floor, North Tower, 100 University Ave
Toronto, ON, Canada   M5J 2Y1
Email: corporateactions@computershare.com
1-800-564-6253

Q
How can I get the legend removed from my shares and warrants?
A

Information for Equinox Gold's United States investors

Equinox Gold has sold common shares and warrants in private placements to certain qualified U.S. investors.  These shares and the shares issued upon exercise of warrants typically bear a U.S. securities legend that states that the shares were sold pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “1933 Act”), and that therefore the shares cannot be sold in the United States absent an exemption from registration under the 1933 Act.

Legended shares must have the legend/restriction removed before they can be deposited or sold. 

If you have held your shares for more than one year, you can likely get the legend removed without involving your broker or US legal counsel. Please contact EQX Investor Relations at ir@equinoxgold.com for more information.

If you have held your shares for less than one year, you will need assistance from your broker or US legal counsel to get the legend removed. We advise shareholders seeking to remove such restrictive legends to contact their securities broker to obtain further instructions and the paperwork necessary to complete such removal, including the form of declaration to be provided to your securities broker. If you obtained your shares through a private placement, in your subscription agreement paperwork there is an "Appendix 1 to Schedule C" form that is the Form of Declaration for Removal of U.S. Legend. This form needs to be filled out, medallion guaranteed and couriered to Computershare Investor Services as per the instructions below. 

If your broker is unable to assist with this process, please contact EQX Investor Relations at ir@equinoxgold.com for more information.

Exemption to allow the sale of Equinox Gold shares

One exemption potentially available to our U.S. resident shareholders, is Rule 904 of Regulation S under the 1933 Act ("Rule 904"), which serves as a resale safe harbor allowing persons (other than the Company, a distributor, any of their respective affiliates, or any person acting on their behalf) to offer and resell shares, provided, however, that the offer to sell the shares is not made to a person in the U.S. and either:

  • at the time the buy order is originated, the buyer is outside the U.S., or the seller and any person acting on its behalf reasonably believe that the buyer is outside the U.S.; or
  • the transaction is executed in, on or through the facilities of a designated offshore securities market (i.e. the TSX Venture Exchange), and neither the seller nor any person acting on its behalf knows that the transaction has been pre-arranged with a buyer in the U.S.

In addition to meeting other requirements under Rule 904, no "directed selling efforts" in or into the U.S. may be used to resell the shares. 

Contacting Computershare

A shareholder wishing to resell shares in accordance with Rule 904 must request that the U.S. restrictive legend be removed from the certificates representing such shares, prior to such shares being sold. 

Only Computershare Investor Services Inc. ("Computershare"), the Company's registrar and transfer agent, may remove restrictive legends from certificates representing shares of the Company. Computershare can be contacted at the following numbers:

Shareholder Services (if the securityholder is calling Computershare) 
1-800-564-6253

Broker Services (if the broker is calling Computershare) 
1-888-838-1405

Courier your declaration form to:

Computershare Investor Services
Attn: Stock Transfer Department – For certificate issuance from DRS
Attn: Securities Transfer – For Legend Removal Requests
9th Floor, North Tower, 100 University Avenue
Toronto, ON, Canada M5J 2Y1

The paperwork to remove the restrictive legends requires a medallion signature guarantee. This is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery. Signature guarantees protect shareholders by preventing unauthorized transfers. They also limit the liability of the transfer agent who accepts the certificates. Different institutions have different policies as to what type of identification they require to provide the guarantee and whether they charge a fee for such service (usually nominal if any). Most institutions will not guarantee a signature of someone who has not already been their customer. Some institutions do not provide this service in which case you may need to open an account with a different institution. Financial institutions outside of the United States that have a correspondence relationship with a U.S. bank may be able to offer a medallion signature guarantee to existing customers.

Disclaimer

The rules and procedures concerning offshore securities transactions including, but not limited to, sales under Regulation S under the 1933 Act are technical, complex and subject to various restrictions and conditions. The foregoing does not constitute legal advice and if you have any questions or concerns regarding your ability to rely upon Regulation S to sell your shares of the Company, we strongly recommend that you seek independent legal advice before selling any such shares. Furthermore, Regulation S requires that we are a "foreign issuer" within the meaning of applicable securities laws at the time of sale of your shares of the Company. However, we are under no obligation to remain a "foreign issuer" and there are no assurances that we will be a "foreign issuer" at the time you propose to sell your shares of the Company. If we are not a "foreign issuer" at the time of sale, the exemption provided by Regulation S will not be available and the restrictive legend will remain on your share certificate(s).

Q
How has the COVID-19 virus affected your operations and business?
A

The safety and health of our employees, contractors and suppliers, their families, and the communities in which we work is Equinox Gold’s highest priority. Equinox Gold took early precautionary measures at our sites and offices to help protect the safety of our workforce and local communities and to manage issues related to the COVID-19 pandemic. Designated teams are responding to daily changes and circumstances and have also developed contingency plans to support business continuity to help protect our business and the economic wellbeing of our workforce, suppliers and local communities. Some of the actions taken to date are summarized here.

We are respecting the guidelines of local, state and federal governments at each of our sites, and recognize that increasing government restrictions to help slow the spread of the COVID-19 virus may require that we temporarily scale back certain operations.

Any material changes to our operations or business will be announced by press release and posted in the News section of our website.

Q
How can I buy Equinox Gold shares?
A

Equinox Gold's common shares trade in Canada on the TSX under the symbol "EQX" and in the United States on the NYSE American under the symbol "EQX".

What are you searching for?