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VANCOUVER, BC, July 28, 2022 /PRNewswire/ – Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Firm”) is happy to announce it has strengthened its steadiness sheet and elevated its liquidity by amending its present credit score facility.

Equinox Gold and its lenders have revised the credit score facility to:

• Enhance the utmost quantity obtainable below the revolving facility from $400 million to $700 million
• $300 million drawn at finish of Q2 2022, $100 million drawn in July 2022
• $73 million of carrying worth remaining on the amortizing time period mortgage has been rolled into the revolving facility, eliminating the necessity for principal funds via mid-2026
• Add a $100 million uncommitted accordion function
• Cut back pricing for advances by 0.25% – 0.50% relying on leverage ratios
• Prolong the maturity date to July 28, 2026, with the flexibility to request a further one-year extension

Peter Hardie, Chief Monetary Officer of Equinox Gold, commented: “The revised credit score facility will increase Equinox Gold’s liquidity, reduces our price of capital and extends the maturity date of our debt whereas we concentrate on constructing Greenstone. The rise in readily accessible, decrease price capital displays the Firm’s development and maturity and supplies elevated monetary flexibility as we concentrate on delivering worth to our shareholders in any financial setting. We admire the persevering with sturdy assist from our lending syndicate and their confidence in our long-term technique.”

Quantities drawn are topic to variable rates of interest primarily based on the Secured In a single day Financing Charge (Time period SOFR) plus an relevant margin of two.25% to three.50%, primarily based on the Firm’s whole internet leverage ratio.

The restated Credit score Settlement might be obtainable on the Firm’s profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

Equinox Gold Contacts

Christian Milau, Chief Government Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Electronic mail: [email protected]

Cautionary Notes

This information launch comprises sure forward-looking data and forward-looking statements throughout the which means of relevant securities laws. Ahead-looking statements and forward-looking data on this information launch relate to, amongst different issues: the power of the Firm’s steadiness sheet, and the Firm’s liquidity and future money necessities. Ahead-looking statements or data typically recognized by phrases similar to “will”, “potential”, “present”, “means”, “delivering development” and related expressions and phrases or statements that sure actions, occasions or outcomes “will”, “might”, “may”, or “ought to”, or the unfavourable connotation of such phrases, are meant to establish forward-looking statements and data. Though Equinox Gold believes that the expectations mirrored in such forward-looking statements and data are cheap, undue reliance shouldn’t be positioned on forward-looking statements since Equinox Gold can provide no assurance that such expectations will show to be right. Equinox Gold has primarily based these forward-looking statements and data on Equinox Gold’s present expectations and projections about future occasions and these assumptions embrace: the strategic imaginative and prescient for the Firm and expectations concerning exploration potential, manufacturing capabilities and future monetary or operational efficiency; and the Firm’s means to efficiently advance its development and growth initiatives, together with the development of Greenstone and the expansions at Los Filos, Fortress Mountain and Aurizona. Whereas Equinox Gold considers these assumptions to be cheap primarily based on data at present obtainable, they could show to be incorrect. Accordingly, readers are cautioned to not put undue reliance on the forward-looking statements or data contained on this information launch.

Equinox Gold cautions that forward-looking statements and data contain recognized and unknown dangers, uncertainties and different elements that will trigger precise outcomes and developments to vary materially from these expressed or implied by such forward-looking statements and data contained on this information launch and Equinox Gold has made assumptions and estimates primarily based on or associated to many of those elements. Such elements embrace, with out limitation: Equinox Gold’s means to attain the exploration, manufacturing, price and growth expectations for its respective operations and initiatives; costs for gold remaining as estimated; foreign money trade charges remaining as estimated; expectations concerning costs for vitality inputs, labour, supplies, provides and providers; development of Greenstone being accomplished and carried out in accordance with present expectations; growth initiatives at Los Filos, Fortress Mountain and Aurizona being accomplished and carried out in accordance with present expectations; expectations concerning tonnage of ore to be mined and processed, ore grades and recoveries; Mineral Reserve and Mineral Useful resource estimates and the assumptions on which they’re primarily based, no labour-related disruptions and no unplanned delays or interruptions in scheduled development, growth and manufacturing, together with by blockade or industrial motion; all vital permits, licenses and regulatory approvals are acquired in a well timed method; the Firm’s means to adjust to environmental, well being and security legal guidelines and different regulatory necessities; the flexibility of Equinox Gold to work productively with its three way partnership companion and Indigenous companions at Greenstone; and people elements recognized within the part titled “Dangers and Uncertainties” in Equinox Gold’s MD&A dated March 23, 2022 for the yr ended December 31, 2021, and within the part titled “Dangers Associated to the Enterprise” in Equinox Gold’s Annual Data Kind dated March 24, 2022 for the yr ended December 31, 2021, each of which can be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar. Ahead-looking statements and data are designed to assist readers perceive administration’s views as of that point with respect to future occasions and communicate solely as of the date they’re made. Besides as required by relevant legislation, Equinox Gold assumes no obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion or data contained or included by reference to replicate precise outcomes, future occasions or developments, modifications in assumptions or modifications in different elements affecting the forward-looking statements and data. If Equinox Gold updates any a number of forward-looking statements, no inference must be drawn that Equinox Gold will make further updates with respect to these or different forward-looking statements. All forward-looking statements and data contained on this information launch are expressly certified of their entirety by this cautionary assertion.

SOURCE Equinox Gold Corp.