Equinox Gold (EQX) Corporate presentation summary

Strategic positioning and growth

• Merger with Orla Mining in July 2026 increased annual production capacity from 1.1 Moz to over 1.9 Moz, with a clear path to 800,000+ oz of organic growth in North America.

• Portfolio includes six operating mines and four growth projects across four countries, with 70% of production and 75% of consensus NAV in Canada and the USA.

• Five North American mines contribute 65% of consensus production, each with an average 13-year mine life.

• Quarterly dividends and share buybacks are part of the capital returns strategy.

Key assets and production profile

• Three cornerstone Canadian assets: Greenstone (~320,000 oz/year), Musselwhite (~235,000 oz/year), and Valentine (~223,000 oz/year), all ramping up to design capacity in 2026.

• U.S. assets include Mesquite, South Carlin Complex, and Castle Mountain, with significant expansion potential to over 400,000 oz/year.

• Mexican assets Camino Rojo and Los Filos target combined growth to over 495,000 oz/year, with Los Filos restart underway after securing 20-year community agreements.

• Nicaragua operations provide consistent cash flow and reserve replacement, with ongoing exploration and development.

Growth projects and exploration

• Valentine Phase 2 expansion will double throughput to 5.0 Mtpa, targeting a 25% production increase and ramp-up by H2 2028.

• Castle Mountain and South Railroad projects are advancing under the FAST-41 program, with federal decisions expected in late 2026.

• Greenstone and Valentine mines have significant near-mine and belt-scale exploration potential, with opportunities to extend mine life and increase production.

• New high-grade discoveries at Valentine and ongoing exploration at Greenstone and Nicaragua support future growth.