Nature of Operations

12 Months Ended

Dec. 31, 2024

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.

On May 13, 2024, the Company completed the Greenstone Acquisition, resulting in Equinox Gold owning 100% of the Greenstone Mine (note 5).

All of the Company’s principal properties are located in the Americas. At December 31, 2024, all of the Company’s principal properties and material subsidiaries are wholly owned. Details of the Company’s principal properties and material subsidiaries are as follows:

Ownership interest in subsidiary

Location

Principal property

Principal activity

Subsidiary

Premier Gold Mines Hardrock Inc. and PAG Holdings Corp.

100

Canada

Greenstone Mine
(“Greenstone”)

Production

Western Mesquite Mines, Inc.

100

USA

Mesquite Mine (“Mesquite”)

Production

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

100

Mexico

Los Filos Mine Complex (“Los Filos”)

Production

Mineração Aurizona S.A.

100

Brazil

Aurizona Mine (“Aurizona”)

Production

Fazenda Brasileiro Desenvolvimento Mineral Ltda

100

Brazil

Fazenda Mine (“Fazenda”)

Production

Mineração Riacho Dos Machados Ltda

100

Brazil

RDM Mine (“RDM”)

Production

Santa Luz Desenvolvimento Mineral Ltda

100

Brazil

Santa Luz Mine
(“Santa Luz”)

Production

Castle Mountain Venture

100

USA

Castle Mountain Mine (“Castle Mountain”)

Development

In August 2024, the Company suspended mining at Castle Mountain for the duration of the permitting period for the mine’s expansion. Residual heap leach processing and gold production will continue until processing is complete.

On November 6, 2024, Greenstone reached commercial production which is the point at which the mine is capable of operating in the manner intended by the Company’s management (note 9(b)).