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Equinox Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 730, 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Tel No.: 604-558-0560
Web Site: www.equinoxgold.com
E-mail: rhylin.bailie@equinoxgold.com
Contact Person: Rhylin Bailie
Position: VP Investor Relations


Company Data

Traded Market: TSX-V & OTC
Traded Symbol: EQX & EQXFF
Outstanding Shares: 552 million
52 Week High: C$ 1.23
52 Week Low: C$ 0.85
Present Price: Click Here


Introduction

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Equinox Gold Corp. is a Canadian mining company with a multi-million-ounce gold reserve base, gold production from its Mesquite Gold Mine in California, and near-term production growth from two past-producing mines in Brazil and California.

Early commissioning is underway at the Company's Aurizona Gold Mine in Brazil and on schedule to achieve commercial production around the end of Q1-2019, and the Company is advancing its Castle Mountain Gold Mine in California with the objective of achieving Phase 1 production in the first half of 2020.


Projects in Hand

(1) Mesquite Gold Project, California

The Mesquite Gold Mine

Strategic Location; Consistently Profitable Operations

Infrastructure, equipment and administrative with EQX's Castle Mountain Mine

Mesquite is a producing, open-pit, run-of-mine (ROM) heap leach gold mine located in Imperial County, California, 200 miles south of Castle Mountain Mine. The project is fully staffed with an experienced heap leach operations team.

The mine has produced more than four million ounces of gold since 1985 with average annual gold production of approximately 136,000 ounces over the last 11 years at average all-in-sustaining costs (AISC) of approximately $900 per ounce.

Equinox Gold completed its acquisition of Mesquite at the end of October 2018, bringing immediate production and cash flow to Equinox Gold and establishing the Company as a gold producer.

Reserves & Resources

  • Proven & Probable Reserves: 1.1 Moz @ 0.54 g/t Au
  • Measured & Indicated Resources: 1.2 Moz @ 0.46 g/t Au (exclusive of reserves)

(2) Aurizona Gold Project, Brazil

The Aurizona Gold Mine

EQX's Near Term Focus

Based on the July 2017 feasibility study, the Aurizona Gold Mine is expected to produce on average 136,000 oz of gold per year at all-in sustaining costs of less than $800 per oz. Aurizona construction is fully funded and on track to achieve commercial production in Q1-2019.

Exploration at Aurizona has identified a structurally controlled mineralized corridor that extends another five km along strike to the west of the existing reserve pit, smaller satellite deposits to the NE of the reserve pit, and a substantial underground resource, demonstrating potential to significantly extend the Aurizona mine life.

Expansion potential along strike and to north-east of deposit

  • Tatajuba drilling extended gold zone up to 150 m below surface (Tatajuba is the western extension of the main Piaba Trend that hosts Aurizona)
    • Tatajuba strike similar to Piaba, grades similar or higher:
      • 13.74 g/t Au/ 35 m (D169)
      • 2.71 g/t Au/ 56 m (D114)
      • 1.42 g/t Au/ 34 m (D251)
  • Reserves and Resources
    • Proven & Probable Reserves: 971 Koz @ 1.52 g/t,
    • Measured & Indicated Resources: 1.4 Moz @ 1.57 g/t gold (inclusive of reserves)

Significant Potential for an Underground Mine

  • Underground resource: 5,090 kt @ 2.99 g/t Au for 490,000 ounces Au
  • Open-pit extends to 200 m depth, 190 drill holes have intersected mineralization at depths up to 600 m below surface
  • Studying potential underground mining scenarios

(3) Castle Mountain Gold Project, California

The Castle Mountain Gold Mine

Phase 1 Production Targeted for H1-2020

The Castle Mountain Gold Mine in California produced more than one million ounces of gold from 1992 to 2004. Equinox Gold has completed a prefeasibility study for Castle Mountain with the intention of restarting production in 2020. The study outlined the design of a low-cost mine that will generate US$856 million in after-tax cumulative cash flow over a 16-year mine life.

Equinox Gold is planning a phased ramp-up scenario, allowing the Company to use existing permits to expedite production while completing the feasibility study and permitting for the Phase 2 expansion.

Large Gold Resource

  • 3.6 Moz Proven & Probable gold reserves
  • 4.3 Moz Measured & Indicated gold resource (inclusive)
  • 2.2 Moz Inferred gold resource
  • Significant expansion potential

2018 Highlights

Aurizona

- On track for commercial production around end of Q1-2019

- Exploration success along strike, new high-grade discoveries to NE

Castle Mountain

- Prefeasibility study shows 16-year low-cost mine producing 200,000 oz/year

- Exploration success with new high-grade discoveries

Acquire Producing Mine

- Acquired 140,000 oz/year Mesquite Gold Mine

- 26,000 oz attributable to EQX in 2018

Reserve/Resource Growth

- 480% increase in gold reserves to 5.7 Moz

- 50% increase in gold resources to 8.3 Moz

Monetize Non-Core Assets

- Spun out copper assets into Solaris Copper, 60% ownership to EQX shareholders

- Sold Koricancha Mill

2019 Targets

2019 Guidance

Produce 230,000-265,000 oz of gold AISC of $900-$950/oz

Aurizona

- Ramp-up to commercial production end of Q1

- Produce 85,000-105,000 oz at AISC of $800-$875/oz

- Extend mine life

- Review potential for new underground gold mine

Mesquite

- Produce 145,000-160,000 oz at AISC of $950-$1,000/oz

- Extend mine life

Castle Mountain

- Phase 1 engineering, permitting and financing

- Phase 1 construction mid-year to achieve production H1-2020

- Phase 2 feasibility study, permitting and water procurement

Corporate

- Accretive acquisition

- Reduce cost of capital, improve balance sheet

- Considering US listing

- Maintain G&A in lowest industry quartile


EXECUTIVE TEAM AND DIRECTORS

Christian Milau, Chief Executive Officer and Executive Director

Mr. Milau was the CEO of Trek Mining, Luna Gold and True Gold. He held senior positions at Endeavour Mining and New Gold. He is a Canadian Chartered Professional Accountant with over 20 years of experience in mining and finance. He also has important operational, government and stakeholder relations experience.

Greg Smith, President and Executive Director

Mr. Smith was President of Trek Mining, CEO of JDL Gold. He held the roles of President and CEO of Esperanza Resources, and CFO of Minefinders Corporation.

James (Jim) Currie, Chief Operating Officer

Mr. Currie was the COO of Pretivm Resources and New Gold and held senior roles with a number of mining companies. He is a mining engineer with over 35 years of experience in the industry.

Peter Hardie, Chief Financial Officer

Mr. Hardie was the CFO of Trek Mining, Luna Gold, True Gold and Nevsun Resources. He is a Chartered Professional Accountant with 17 years of experience.

Marc Leduc, EVP US Operations

Mr. Leduc is a mining engineer and geologist. His previous work experience includes technical positions with Barrick Gold, Lafarge, Lydian International, and Bear Creek Mining.

Scott Heffernan, EVP Exploration

Mr. Heffernan was the Executive VP Exploration of Trek Mining and Luna Gold. He was VP Exploration of True Gold and Wealth Minerals Ltd. He is a registered professional geologist with 20 years of hands-on exploration and management experience throughout the Americas and Africa.

Board of Directors

Ross Beaty, Chairman

Pan American Silver, Lumina Copper, Lumina Gold, Alterra Power, Equinox Resources

Lenard Boggio, Director

NewCastle Gold, PricewaterhouseCoopers, Sprott, BC Hydro

Marcel de Groot, Director

Pathway Capital, Asanko

Marshall Koval, Director

Anfield Gold, Lumina Gold, Northern Peru Copper

Jacques McMullen, Director

NewCastle Gold, Barrick Gold, Highland Gold, Fire River Gold


News Update

On March 19, 2019, Equinox Gold Corp. announced that it has completed an updated mineral resource estimate for its Aurizona gold mine in northeastern Brazil and an updated mineral reserve and resource estimate for its Mesquite gold mine in California, and has filed a new technical report for Mesquite. Mineral resources are reported exclusive of mineral reserves.

Highlights:

    Equinox Gold's consolidated proven and probable (P&P) reserves increased 470 per cent since year-end 2017 to 5.5 million ounces of gold.

    Aurizona measured and indicated (M&I) resources (exclusive of reserves) increased 50 per cent to 692,000 ounces of contained gold.

    Aurizona underground inferred resources increased 115 per cent to 1.1 million ounces of contained gold.

    Mesquite M&I resources (exclusive of reserves) increased 61 per cent to 1.9 million ounces of contained gold.

    Mesquite technical report shows net present value (discounted at 5 per cent) of $203-million and demonstrates mine life extension potential.

On March 13, 2019, Equinox Gold Corp. has released its audited consolidated financial statements and related management's discussion and analysis for the fourth quarter and fiscal year ended Dec. 31, 2018.

On February 25, 2019, Equinox Gold Corp. announced that it has entered into a definitive agreement with Mubadala Investment Company whereby Mubadala has agreed to purchase US$130-million in convertible notes from Equinox Gold.

"Mubadala's investment underscores the value and upside of Equinox Gold's existing asset base and significantly enhances our near-term financial capacity as we prepare for phase 1 construction at the Castle Mountain project," said Christian Milau, chief executive officer of Equinox Gold.


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