Reserves and Resources

Mineral Reserves & Resources

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PROVEN & PROBABLE MINERAL RESERVES

  Proven Probable Proven and Probable
Mine/Project Tonnes (kt) Grade (g/t) Contained gold (koz) Tonnes (kt) Grade (g/t) Contained gold (koz) Tonnes (kt) Grade (g/t) Contained gold (koz)
Aurizona 16,581 1.39 740 15,749 1.82 920 32,330 1.60 1,660
Castle Mountain 84,910 0.55 1,498 172,990 0.48 2,670 257,900 0.51 4,168
Mesquite 34 0.79 1 30,264 0.48 470 30,298 0.48 471
Los Filos 35,453 0.77 877 157,773 0.88 4,477 193,226 0.86 5,354
RDM 11,681 0.96 360 5,872 1.04 196 17,553 0.99 556
Fazenda 5,319 1.57 269 1,335 1.09 47 6,653 1.47 315
Santa Luz 21,578 1.39 966 3,361 1.01 109 24,939 1.34 1,075
Greenstone1 3,374 1.28 139 77,820 1.27 3,184 81,193 1.27 3,323
Total Proven & Probable     4,850     12,073     16,922
  1. Shown on a 60% basis, reflecting Equinox Gold’s ownership in the project.

MEASURED & INDICATED MINERAL RESOURCES (Exclusive of reserves)1

Mine Measured Indicated Measured and Indicated
Tonnes (kt) Grade (g/t) Contained gold (koz) Tonnes (kt) Grade (g/t) Contained gold (koz) Tonnes (kt) Grade (g/t) Contained gold (koz)
Aurizona 3,505 1.45 163 14,612 1.50 704 18,117 1.49 868
Castle Mountain 781 0.68 17 73,452 0.62 1,453 74,233 0.62 1,470
Mesquite 81 0.77 2 104,910 0.41 1,382 104,991 0.41 1,384
Los Filos 47,306 1.15 1,757 278,020 0.69 6,140 325,326 0.75 7,897
RDM 264 1.19 10 2,981 1.28 122 3,245 1.27 132
Fazenda 2,636 2.10 178 2,531 1.43 116 5,167 1.77 294
Santa Luz 10,107 1.23 398 6,475 2.41 502 16,582 1.69 900
Greenstone2       9,458 2.90 881 9,458 2.90 881
Brookbank       2,057 5.45 360 2,057 5.45 360
Kailey       6,766 0.96 209 6,766 0.96 209
Key Lake       2,257 1.16 85 2,257 1.16 85
Hasaga       42,294 0.83 1,124 42,294 0.83 1,124
Total Measured & Indicated     2,524     13,078     15,604
  1. Resources are exclusive of Reserves.
  2. Shown on a 60% basis, reflecting Equinox Gold’s ownership in the project.

INFERRED RESOURCES

Mine Tonnes (kt) Grade (g/t) Contained Gold (koz)
Aurizona 12,689 2.19 895
Castle Mountain 69,890 0.63 1,422
Mesquite 84,030 0.34 912
Los Filos 135,935 0.74 3,237
RDM 3,614 1.95 226
Fazenda 3,283 1.50 158
Santa Luz 7,254 2.09 490
Greenstone1 14,969 3.83 1,843
Brookbank 451 3.30 48
Kailey 2,915 0.87 82
Key Lake 1,103 1.39 49
Hasaga 25,143 0.78 631
Total Inferred     9,993
  1. Shown on a 60% basis, reflecting Equinox Gold’s ownership in the project.

Notes to Mineral Reserves & Resources

CIM (2014) Definition Standards were followed for Mineral Reserves. Mineral Resources are inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Tonnage and grade measurements are in metric units. Contained gold is reported as troy ounces. Mineral resources do not include factors such as mining dilution or mining recovery. There is no certainty that the mine plans and economic models contained in any of the reports will be realized. Numbers may not add due to rounding. See Cautionary Notes on this website.
 
Details of cut-off grades, bulk densities, mining widths, dilution, mining factors and process recovery assumptions applied to Mineral Reserves and Mineral Resources are provided in the Technical Reports for each mine/project. Unless otherwise stated, Mineral Reserve and Mineral Resource information for each project is summarized, derived, or extracted from the following respective reports:
  • For the Greenstone Project: “NI 43-101 Technical Report, Hardrock Project, Ontario, Canada” prepared by G Mining Services Inc. for Premier Gold Mines Limited dated January 26, 2021 with an effective date of December 16, 2020.
  • 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 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 Los Filos Mine: “Updated Technical Report for the Los Filos Mine Complex, Guerrero State, Mexico” prepared by AMC Mining Consultants (Canada) Ltd., dated October 19, 2022 with an effective date of June 30, 2022.
  • 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: “NI 43-101 Technical Report on the Fazenda Brasileiro Mine, Bahia State, Brazil” prepared by Equinox Gold Corp. dated October 22, 2021 with an effective date of December 31, 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.
  • For the Santa Luz Project: “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. 

The Mesquite, Castle Mountain, Los Filos, Aurizona, Fazenda, RDM and Santa Luz 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.sedar.com and on the Company’s profile on EDGAR at www.sec.gov/EDGAR. The Greenstone (Hardrock) technical report have been filed with Canadian securities regulatory authorities and is available for review on this website and on the profile of Premier Gold Mines on SEDAR at www.sedar.com.

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