Greenstone On Track For For 2024 Gold Pour

VANCOUVER - Equinox Gold Corp. reported its strongest production quarter for the year with 150,439 ounces of gold produced in Q4 2022, for full-year 2022 production of 532,319 ounces of gold.

Greg Smith, President and CEO, said, "Q4 was our strongest production quarter in what was overall a challenging year for the Company from an operational perspective, with both inflationary cost pressures and underperformance at some of our mines. However, 2022 was also a year of substantial progress. The Greenstone team continued to advance construction of the mine on budget and on track to pour gold in the first half of 2024. We achieved commercial production at our new Santa Luz Mine in Brazil, commenced permitting for the Castle Mountain Phase 2 expansion, advanced the feasibility study and permitting for development of the Aurizona underground deposit, and demonstrated the potential for a significant expansion at Los Filos.

We ended the year well funded and with strong liquidity, with approximately $200 million in cash, an additional $127 million available to draw on our revolving credit facility plus another $100 million with the accordion feature, and equity investments with a current market value of $275 million."