Nature of Operations

12 Months Ended

Dec. 31, 2021

NATURE OF OPERATIONS

Equinox Gold Corp. (the “Company” or “Equinox Gold”) was incorporated under the Business Corporations Act of British Columbia on March 23, 2007. Equinox Gold’s primary listing is on the Toronto Stock Exchange (“TSX”) in Canada where its common shares trade under the symbol “EQX”. The Company’s shares also trade on the NYSE American Stock Exchange in the United States under the symbol “EQX”. The Company's corporate office is at Suite 1501, 700 West Pender Street, Vancouver, British Columbia, Canada, V6C 1G8.

Equinox Gold is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold.

On April 7, 2021, the Company completed the acquisition of Premier Gold Mines Limited (“Premier”) (the “Premier Acquisition”) (note 5(a)). The results of operations of Premier are included in these consolidated financial statements from April 7, 2021. On March 10, 2020, the Company completed its acquisition of Leagold Mining Corporation (“Leagold”) (the “Leagold Acquisition”) (note 5(e)). The results of operations of Leagold are included in these consolidated financial statements from March 10, 2020.

All of the Company’s principal properties are located in the Americas. The Company’s principal properties and material subsidiaries are as follows:

Subsidiary

Location

Principal Property

Principal Activity

Ownership Interest

Western Mesquite Mines, Inc.

USA

Mesquite Mine (“Mesquite”)

Production

100

Castle Mountain Venture

USA

Castle Mountain Mine (“Castle Mountain”)

Production

100

Desarrollos Mineros San Luis S.A. de C.V.

Mexico

Los Filos Mine Complex (“Los Filos”)

Production

100

Minera Mercedes Minerales, S. de. R.L. de C.V.

Mexico

Mercedes Mine (“Mercedes”)

Production

100

Mineração Aurizona S.A.

Brazil

Aurizona Mine (“Aurizona”)

Production

100

Fazenda Brasileiro Desenvolvimento Mineral Ltda

Brazil

Fazenda Mine (“Fazenda”)

Production

100

Mineração Riacho Dos Machados Ltda

Brazil

RDM Mine (“RDM”)

Production

100

Santa Luz Desenvolvimento Mineral Ltda

Brazil

Santa Luz project (“Santa Luz”)

Development

100

The Company also has a 60% interest in Greenstone Gold Mines LP, which is a joint operation that owns the Greenstone development project (“Greenstone”). On December 16, 2021, the Company entered into a definitive agreement to sell its Mercedes Mine and as at December 31, 2021, the assets and liabilities relating to Mercedes were classified as held for sale (note 9).