Equinox Gold Updates Canadian Operations Technical Outlook: Average 540,000 Ounces Gold Production per Year for Next 10 Years

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Other Deposits on the Greenstone Land Package – Mineral Resource Estimate (exclusive of Mineral Reserves)

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Notes:
Brookbank
There are no Mineral Reserves at Brookbank. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The Mineral Resource statement has been prepared by Niel de Bruin, P.Geo., with an effective date of December 31, 2025. The Mineral Resource estimate was completed in accordance with the CIM Definition Standards (2014) and the CIM Best Practice Guidelines (2019). Open pit Mineral Resources are constrained within an optimized pit shell using a gold price of $2,300/oz, a USD:CAD exchange rate of 1.33, mining cost of $3.4/t, processing cost of $12.2/t, incremental ore haulage cost of $13.8/t milled and G&A cost of $6.8/t. Mineral Resources are quoted at an open pit lower cut-off grade of 0.18 g/t gold. Underground mineral resources are reported within mineable stopes based on a conceptual mining method at a cut-off grade of 1.31 g/t gold. A long-term gold price of $2,300/oz, average mining costs of $65/t, processing costs of $12.2/t, a cost of $13.8/t for incremental ore haulage and refining and transportation costs of $3.3/oz of gold recovered were used to determine the underground cut-off grade. An average metallurgical recovery of 92% for open pit mining, 96% for underground mining, and a royalty rate of 3.0% are assumed. Numbers may not sum to rounding. The Qualified Person is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.
Key Lake
There are no Mineral Reserves at Key Lake. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The Mineral Resource statement has been prepared by Niel de Bruin, P.Geo., with an effective date of December 31, 2025. The Mineral Resource estimate was completed in accordance with the CIM Definition Standards (2014) and the CIM Best Practice Guidelines (2019). Open pit Mineral Resources are quoted at an open pit lower cut-off grade of 0.18 g/t gold and reported within a pit shell. The optimization of the pit shell is based on a gold price of $2,300/oz, a USD:CAD exchange rate of 1.33, average mining costs of $3.4/t, processing costs of $12.2/t, incremental ore haulage costs of $3.5/t, refining and transportation costs of $3.3/oz of gold recovered, and G&A costs of $6.8/t. The average metallurgical recovery is 90% and a royalty rate of 3.0% is assumed. No underground Mineral Resources are quoted. Numbers may not sum due to rounding. The Qualified Person is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.
Kailey
There are no Mineral Reserves at Kailey. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The Mineral Resource statement has been prepared by Niel de Bruin, P.Geo., with an effective date of December 31, 2025. The Mineral Resource estimate was completed in accordance with the CIM Definition Standards (2014) and the CIM Best Practice Guidelines (2019).Open pit Mineral Resources are constrained within an optimized pit shell using a gold price using a gold price of $2,300/oz, a USD:CAD exchange rate of 1.33, mining cost of $3.4/t, processing cost of $12.2/t, incremental ore haulage cost of $1.3/t milled, G&A cost of $6.8/t, a metallurgical recovery of 90% and a royalty rate of 3.0%. No underground Mineral Resources are quoted. Mineral Resources are quoted at an open pit lower cut-off grade of 0.18 g/t gold. Numbers may not sum to rounding. The Qualified Person is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimates.

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Valentine Gold Mine – Mineral Reserve Estimate

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Notes:        
The Mineral Reserve estimates were prepared by Jeffrey Colden, P.Eng., reported using the CIM (2014) definitions, and have an effective date of December 31, 2025. Mineral Reserves are mined tonnes and grade; the reference point is the mill feed at the primary crusher. Mineral Reserves are reported at a cut-off grade of 0.45 g/t gold. Cut-off grade assumes US$2,100/oz gold at a currency exchange rate of US$0.714 per C$1.00; 99.8% payable gold; US$5.00/oz off-site costs (refining and transport); and uses a 93.1% metallurgical recovery. The cut-off grade covers processing costs of C$22.75/t, administrative (G&A) costs of C$14.38/t, and a stockpile rehandle cost of C$1.85/t. Mining loss and dilution is based on diluting the Resource model to a 6 m x 6 m x 6 m model and including additional mining losses estimated for the removal of isolated blocks (surrounded by waste) and low-grade (<0.55 g/t gold) blocks bounded by waste on three sides. Numbers have been rounded as required by reporting guidelines and may not add. The Qualified Person is not aware of any mining, metallurgical, infrastructure, permitting, or other relevant factors that could materially affect the Mineral Reserve estimate, unless outlined in this report

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Valentine Gold Mine – Mineral Resource Estimate (exclusive of Mineral Reserves)

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Notes:
The Mineral Resource statement has been prepared by Niel de Bruin, P.Geo., and has an effective date of December 31, 2025. The Mineral Resource estimate was completed in accordance with the CIM Definition Standards (2014) and the CIM Best Practice Guidelines (2019). Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Mineral Resources are presented exclusive of Mineral Reserves. Open pit resources are reported at a cut-off grade of 0.30 g/t gold and are constrained within an optimized pit shell. The optimized pit shell was generated using a gold price of $2,400/oz, a USD:CAD exchange rate of 1.31, average mining and processing costs of $17.4/t, G&A costs of $4.5/t of ore, and refining and transportation costs of $5.3/oz of recovered gold. Underground mineral resources are reported within conceptual mineable stopes using a cut-off grade of 1.21 g/t gold. A long-term gold price of $2,300/oz, a USD:CAD exchange rate of 1.31, average mining and processing costs of $79.8/t, refining and transportation costs of $5/oz of recovered gold, and process sustaining capital costs of $1.2/t were used for the underground cut-off grade calculation. Underground stope sizes were on an average strike length of 5 m, a mining height of 3 m, and a stope width corresponding to the full extent of the modelled mineralized zone. The average metallurgical recovery is 95% and a royalty rate of 3.0% is assumed. Numbers may not sum due to rounding. The Qualified Person is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.