Share Capital (Tables)

12 Months Ended

Dec. 31, 2020

Statements [Line Items]

Summary of Share Based Compensation

The following table summarizes non-cash share-based compensation for the period:

	2020		2019
Share purchase option expense	$	618	$	903
RSU expense		3,320		2,542
PSU expense		3,882		2,187
DSU expense		320		-
Total compensation expense	$	8,140	$	5,632
Compensation expense included in:
General and administration	$	6,751	$	5,017
Operating expenses		1,063		386
Exploration		326		229
	$	8,140	$	5,632

Disclosure of Indirect Measurement of Fair Value of Goods or Services Received, Share Options Granted

The fair value of options granted was determined using the Black-Scholes option pricing model using the following weighted average assumptions:

	2020		2019
Exercise price (C$)	$	11.80	$	5.30
Risk-free interest rate		0.4%		1.8%
Volatility		65.2%		65.7%
Dividend yield		0%		0.0%
Expected life		5.0 years		5.0 years

Disclosure of Number and Weighted Average Exercise Prices of Share Options

A summary of the Company’s share purchase options is as follows:

	Shares issuable on exercise of options			Weighted average exercise price (C$)
Outstanding, December 31, 2018		2,776,302		$	6.35
Granted		359,210			5.30
Exercised		(240,895	)		2.85
Expired/forfeited		(219,504	)		10.97
Outstanding, December 31, 2019		2,675,113		$	5.99
Issued in Leagold Acquisition		5,728,647			7.77
Granted		156,200			11.80
Exercised		(5,559,803	)		7.38
Expired/forfeited		(81,087	)		8.52
Outstanding, December 31, 2020		2,919,070		$	7.09

Disclosure of Range of Exercise Prices of Outstanding Share Options

At December 31, 2020, the Company had the following options issued and outstanding:

Options Outstanding							Options Exercisable
Range of exercise price (C$)	Number of options		Weighted average       exercise price (C$)		Weighted average remaining contractual life (years)		Number of options		Weighted average exercise             price (C$)
$1.89 - $2.99		591,820	$	2.89		0.71		591,820	$	2.89
$3.00 - $4.99		3,000		4.75		2.61		3,000		4.75
$5.00 - $6.99		1,211,514		5.72		2.06		1,070,223		5.78
$7.00 - $8.99		687,374		8.53		1.28		687,374		8.53
$9.00 - $17.15		425,362		14.52		2.04		269,162		16.10
		2,919,070						2,621,579

Disclosure of Detailed Information about Share Purchase Warrants Activity

A continuity of the Company’s share purchase warrants is as follows:

	Shares issuable on exercise of warrants			Weighted average exercise price (C$)
Outstanding, December 31, 2018		24,565,862		$	11.90
Exercised		(363,235	)		5.36
Expired		(151,437	)		14.60
Outstanding, December 31, 2019		24,051,190		$	12.00
Issued in Leagold Acquisition		16,626,569			11.14
Exercised		(20,976,625	)		9.48
Expired		(675,976	)		13.16
Outstanding, December 31, 2020		19,025,158		$	14.00

Disclosure of Range of Exercise Prices of Outstanding Share Purchase Warrants

At December 31, 2020, the Company had the following share purchase warrants issued and outstanding:

Range of exercise price (C$)(1)	Shares issuable on exercise of warrants		Weighted average exercise price (C$)(1)		Expiry dates
$3.67 - $4.99		317,454	$	3.67	May 2021
$5.00 - $9.99		840,776		5.61	March 2021 – May 2023
$10.00 - $14.99		1,849,262		10.91	January 2021 – March 2022
$15.00		16,017,666		15.00	October 2021
		19,025,158

(1) 17,701,156 warrants with a weighted average exercise price of C$14.21 are exercisable into one common share of Equinox Gold and one-quarter of a share of Solaris. Equinox Gold will receive nine-tenths of the proceeds from the exercise of each of these warrants and the remaining proceeds will be paid to Solaris.

Disclosure of Number and Weighted Average Exercise Prices of Other Equity Instruments

A continuity table of the equity-settled RSUs and pRSUs outstanding is as follows:

	RSUs			pRSUs
Outstanding, December 31, 2018		543,276			1,142,544
Granted		488,560			143,740
Settled		(220,289	)		(129,706	)
Forfeited		(8,500	)		(44,200	)
Outstanding, December 31, 2019		803,047			1,112,378
Granted		375,017			213,600
Settled		(463,608	)		(179,938	)
Forfeited		(4,750	)		(740	)
Outstanding, December 31, 2020		709,706			1,145,300

Cash Settled Restricted Share Units [member]

Statements [Line Items]

Disclosure of Number and Weighted Average Exercise Prices of Other Equity Instruments

A continuity table of the cash-settled RSUs outstanding is as follows:

	RSUs outstanding
Outstanding, December 31, 2018		-
Granted		168,800
Outstanding, December 31, 2019		168,800
Granted		78,900
Settled		(65,900	)
Forfeited		(37,000	)
Outstanding, December 31, 2020		144,800

Performance share units [Member]

Statements [Line Items]

Disclosure of Number and Weighted Average Exercise Prices of Other Equity Instruments

A continuity table of the PSUs outstanding is as follows:

	PSUs outstanding
Outstanding, December 31, 2019		-
Issued in Leagold Acquisition		369,915
Settled		(72,533	)
Forfeited		(14,506	)
Outstanding, December 31, 2020		282,876

Deferred share units [Member]

Statements [Line Items]

Disclosure of Number and Weighted Average Exercise Prices of Other Equity Instruments

A continuity table of the DSUs outstanding is as follows:

	DSUs outstanding
Outstanding, December 31, 2019		-
Issued in Leagold Acquisition		319,286
Granted		8,266
Redeemed		(202,115	)
Outstanding, December 31, 2020		125,437