Equinox Gold Announces Commercial Production at Santa Luz Gold Mine

VANCOUVER, BC, October 4, 2022 /PRNewswire/ – Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that commercial production has been completed at the Company’s Santa Luz gold mine in Brazil efficient October 1, 2022.

The Santa Luz plant is operating at around 90% of its rated capacity of 7,400 tonnes per day, with recoveries regularly above 70% and as high as 85%. Approximately 23,000 ounces of gold were produced for September 30, 2022and gold production is expected to continue to increase through the fourth quarter of 2022.

Greg SmithPresident and CEO of Equinox Gold, said, “Santa Luz is our fourth operating mine in Brazil and represents 100,000 ounces of average annual production with the potential to extend mine life through near-mine surface targets, an underground deposit and additional opportunities in the 70 km mineralized greenstone belt long which houses our Santa Luz and Fazenda mines. We thank the Santa Luz team for their dedication and hard work in reaching this commercial production milestone and celebrate their exemplary safety record, working more than 4.3 million hours since construction began without a lossy injury. of time.”

Equinox Gold Contacts

Greg SmithPresident and CEO
Rhylin BailieVice President, Investor Relations
Tel: +1 604-558-0560
E-mail: [email protected]

About Equinox Gold

Equinox Gold is a Canadian-based mining company operating entirely in the Americas, with seven operating gold mines and a clear path to achieve over one million ounces of annual gold production from a pipeline of gold projects. development and expansion. Equinox Gold’s common shares are listed on the TSX and NYSE American under the symbol EQX. Further information on Equinox Gold’s portfolio of assets and its long-term growth strategy is available at www.equinoxgold.com or by email at [email protected].

Cautionary Notes

This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities laws. Forward-looking statements and forward-looking information contained in this press release relate to, among other things: the Company’s strategic vision and expectations regarding exploration potential, production capabilities and future financial or operational performance, including production capacity of Santa Luz and the ability to extend the life of the Santa Luz mine and the Company’s ability to successfully advance its growth and development projects. Forward-looking statements or information generally identified by the use of the words “continue”, “achieve”, “expected”, “on track” and similar expressions and phrases or statements that certain actions, events or results “could”, “could”, or “should”, or the negative connotation of these terms, are intended to identify forward-looking statements and information. Although Equinox Gold believes that the expectations reflected in such forward-looking statements and information are reasonable, it should not place undue reliance on forward-looking statements because Equinox Gold cannot guarantee that such expectations will prove to be correct. The Company has based these forward-looking statements and information on Equinox Gold’s current expectations, projections and assumptions regarding future events and such assumptions include: ability of Equinox Gold to achieve exploration, production, cost and development expectations ment for Santa Luz and its other operations and projects; the remaining gold prices as estimated; exchange rates remaining as estimated; the availability of funds for the Company’s project and future cash requirements; and prices of energy inputs, labor, materials, supplies and services remaining as estimated. Although the Company considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements or information contained in this new release.

The Company cautions that forward-looking statements and information involve 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 statements and information. forward-looking statements contained in this press release. Equinox Gold has made assumptions and estimates based on or related to many of these factors. These factors include, but are not limited to: fluctuations in gold prices; fluctuations in the prices of energy inputs, labor, materials, supplies and services; fluctuations in foreign exchange markets; operational risks and hazards inherent in mining (including environmental accidents and hazards, industrial accidents, equipment failures, unusual or unexpected geological or structural formations, cave-ins, floods and severe weather); inadequate insurance or inability to obtain insurance to cover such risks and hazards; employee relations; relations with local communities and indigenous populations and their claims; no work-related disruptions and no unforeseen delays or interruptions in planned construction, development and production, including by blockade or industrial action; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals on a timely basis or at all; changes in governmental laws, regulations and practices, including environmental and export and import laws and regulations; the Company’s ability to comply with all environmental, health and safety laws and other regulatory requirements and legal restrictions relating to mining, including those imposed in connection with COVID -19; and the factors identified in the section entitled “Risks and Uncertainties” of Equinox Gold’s MD&A dated March 23, 2022 for the year ended December 31, 2021and in the section entitled “Risks Related to the Business” of Equinox Gold’s Annual Information Form dated March 24, 2022 for the year ended December 31, 2021, both available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar. Forward-looking statements and information are designed to help readers understand the views of management at the time with respect to future events and speak only as of the date on which they are made. Except as required by applicable law, Equinox Gold undertakes no obligation to update or publicly announce the results of any changes to any forward-looking statements or information contained or incorporated by reference to reflect actual results, events or future developments, changes in assumptions or changes in other factors affecting forward-looking statements and information. If Equinox Gold updates one or more forward-looking statements, no inference should be drawn that Equinox Gold will make any additional updates with respect to such or other forward-looking statements. All forward-looking statements and information contained in this press release are expressly qualified in their entirety by this cautionary statement.

SOURCE Equinox Gold Corp.