Nature of Operations

12 Months Ended

Dec. 31, 2022

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 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.

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

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 Mine
(“Santa Luz”)

Production

100

The Company also has a 60% interest in Greenstone Gold Mines LP, which is a joint operation that owns the Greenstone development project in Canada (“Greenstone”).

On April 21, 2022, the Company completed the sale of its Mercedes Mine in Mexico (“Mercedes”), the assets and liabilities of which were classified as held for sale at December 31, 2021 (note 5(a)). The results of operations of Mercedes are included in these consolidated financial statements from April 7, 2021, the date of acquisition, to April 21, 2022, the date of disposition.

On April 7, 2021, the Company completed the acquisition of Premier (the “Premier Acquisition”) (note 5(c)) which included the acquisition of a 50% interest in Greenstone and a 100% interest in Mercedes. On April 16, 2021, the Company completed the acquisition of an additional 10% interest in Greenstone. The results of operations of Premier and the additional 10% interest in Greenstone are included in these consolidated financial statements from the dates of acquisition.