# EQX Fact Sheet Feb 2026 website

Source Brief: https://evesgoldminers.com/research/source-briefs/equinox-gold-2026-02-01-eqx-fact-sheet-feb-2026-website-5d45de48
Original source: https://www.equinoxgold.com/wp-content/uploads/2026/02/EQX-Fact-Sheet-Feb-2026-website.pdf
Original published: 2026-02-01
EGM generated: 2026-09-04
Company: Equinox Gold (EQX)

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## Extracted Document Text

# EQX Fact Sheet Feb 2026 website

Source: https://www.equinoxgold.com/wp-content/uploads/2026/02/EQX-Fact-Sheet-Feb-2026-website.pdf
Published: 2026-02-01T00:00:00+00:00
Fetched: 2026-05-05T09:29:19.367+00:00
Source artifact: 5d45de48-7feb-4798-9a84-0b73cd5310e6
Normalizer input: text

## Content

# EQX Fact Sheet Feb 2026 website
TSX: EQX
NYSE-A: EQX
equinoxgold.com
Driven to Outperform FEBRUARY 2026
Equinox Gold is positioned for growth with a strong A DIVERSIFIED 700,000-800,000 ORGANIC GROWTH
foundation of high-quality, long-life gold operations AMERICAS GOLD OUNCES OF GOLD POTENTIAL TO
PRODUCER IN 2026 +1 Moz GOLD
in Canada and across the Americas, and a pipeline of
expansion projects. Founded and chaired by renowned
mining entrepreneur Ross Beaty and guided by a seasoned
leadership team with broad expertise, the Company is
3 3
PRODUCTION REGIONS GROWTH OPPORTUNITIES
focused on disciplined execution, operational excellence,
and long-term value creation. Equinox Gold offers investors
meaningful exposure to gold with a diversified portfolio and
clear path to growth.
~19 Moz ~18 Moz
P&P GOLD M&I GOLD
RESERVES RESOURCES1
DELIVERING TOP QUARTILE VALUATION
Equinox Gold’s mission at inception was to deliver superior leverage to
gold by creating a major Americas focused gold producer with a large
gold endowment, a diversified portfolio, and more than 1 Moz of annual
~750 Koz ~500 Koz
production. GOLD PRODUCTION ORGANIC GROWTH FROM
GUIDANCE IN 20262 EXPANSION PROJECTS3
To achieve its growth objectives, Equinox Gold has constructed five new
mines and also completed a number of strategic mergers: with Leagold
Mining in 2020, Premier Gold in 2021 and Calibre Mining in 2025. In addition
to its Greenstone Gold Mine in Ontario, Canada, the merger with Calibre ~US$430 M ~18 M
Mining gave Equinox Gold the Valentine Gold Mine, a second high-quality,
CASH & EQUIVALENTS AVERAGE DAILY
long-life mine in Newfoundland, Canada, and producing mines in Nicaragua. AT DECEMBER 31, 2025 TRADING VOLUME
The Company also optimized its portfolio in 2025, selling some small assets
in Nevada for $115 M and its high-cost, short-life Brazil Operations for more
1. M&I Resources are exclusive of Reserves. 2. Mid-point of 2026 guidance of 700,000-800,000 oz of gold
than $1.0 B. The proceeds from these divestments paid down debt and at AISC of $1,775-$1,875/oz of gold sold. 3. Assuming the Company successfully delivers the Valentine
transformed the balance sheet, giving Equinox Gold the financial flexibility to Phase 2, Castle Mountain Phase 2 and Los Filos expansions.
self-fund organic growth and initiate a $0.015/share quarterly dividend. Note: Technical reports for all of the company’s projects are available on the Company’s website at
www.equinoxgold.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.
Equinox Gold’s pipeline of growth projects could deliver an additional
450,000-550,000 ounces of gold production per year: 220,000 ounces from
Castle Mountain Phase 2 in California, 25,000-50,000 ounces from the
Phase 2 expansion at Valentine in Canada, and more than 250,000 ounces
from a potential restart and expansion of Los Filos in Mexico.
Greenstone Mine
Equinox Gold believes exploration is one of the highest-return investments for ONTARIO, CANADA
its shareholders and will invest $70-$80 M in 2026 across its portfolio to replace
reserves, expand resources, and identify its next generation of mines. CANADA
The merger with Calibre Mining in 2025 brought together world-class assets
Valentine Mine
and an experienced team with the shared vision of building a premier gold
NEWFOUNDLAND &
producer that is valued in the top quartile of the industry. The new mission is Castle Mountain
LABRADOR, CANADA
clear: deliver reliable operations, generate cash, grow organically and create Phase 2
CALIFORNIA, USA
sustained share price appreciation for investors. U N I T E D S TAT E S Producing Complex
Mesquite Mine Growth Opportunity
CALIFORNIA, USA
MEXICO
Download Equinox Gold’s Los Filos Mine Complex
GUERRERO, MEXICO
corporate presentation NICARAGUA
Limon / Libertadd
NICARAGUA
TSX: EQX
NYSE-A: EQX
equinoxgold.com
CANADA | UNITED STATES | MEXICO | NICARAGUA
Top 10 Shareholders SHARES (M) OWNERSHIP Capital Structure
Van Eck Associates (incl. GDX & GDXJ) 84.3 10.7% Ticker Symbol TSX: EQX / NYSE-A: EQX
Ross Beaty 24.8 3.1% Shares Issued and Outstanding 788.3 M
The Vanguard Group 21.1 2.7% Options and Warrants @ avg C$5.91 11.6 M
L1 Capital 20.2 2.6% Restricted Share Units 4.3 M
Maple Rock Capital 16.6 2.1% Potential Shares from Convertible Notes 1
31.5 M
HHLR Advisors 14.2 1.8% Fully Diluted Shares 1
835.7 M
Franklin Advisers 12.4 1.6% Unrestricted Cash (DECEMBER 31, 2025) ~$430 M
Fidelity Investments Canada 10.8 1.4% Convertible Notes @ avg US$6.73 2 $207 M
Connor, Clark & Lunn 10.1 1.3% Net Debt (JANUARY 31, 2026) 3 ~$108 M
Norges Bank 10.1 1.3% Avg. Daily Shares Traded TSX: 4.7 M + NYSE: 12.4 M
Market Cap (FEBRUARY 18, 2026) ~C$16.1 B / US$11.8 B
1. Fully diluted shares outstanding includes the convertible notes. 2. Face value of two convertible notes: $172.5 M
convertible at US$6.30 per share expiring in October 2028 and $35.0 M convertible at C$12.14 per share expiring in
Strategic Shareholder Base March 2030. If both convertible notes were fully converted, the Company would issue 31.5 M shares. 3. Calculated using
cash at Dec 31, 2025 and drawn debt at Jan 31, 2026, excuding in-the-money convertible debentures.
Equinox Gold has a broad shareholder base with strategic long-term
shareholders and a balanced mix of institutional, high-net-worth
and retail investors. Equinox Gold’s insiders hold around 4.4% of the
Analyst Coverage
Company, one of the highest insider ownership rates in the industry. FIRM ANALYST EMAIL
BMO Kevin O’Halloran kevin.ohalloran@bmo.com
4.4% ROSS BEATY/INSIDERS
Canaccord Jeremy Hoy jehoy@cgf.com
59% INSTITUTIONAL
CIBC Anita Soni anita.soni@cibc.com
Cormark Richard Gray rgray@cormark.com
19% RETAIL/OTHER
Global Mining Research David Haughton davidh@globalminingresearch.com
Haywood Jamie Spratt jspratt@haywood.com
National Bank Mohamed Sidibe mohamed.sidibe@nbc.ca
RBC Josh Wolfson josh.wolfson@rbccm.com
17% INDICES Scotiabank Ovais Habib ovais.habib@scotiabank.com
Stifel Nicolaus Ingrid Rico irico@stifel.com
TD Wayne Lam wayne.lam@tdsecurities.com
Board of Directors Executive Leadership Head Office
Ross Beaty Darren Hall Ryan King Suite 1501 - 700 West Pender Street
CHAIR CEO & DIRECTOR EVP CAPITAL MARKETS Vancouver, BC
David Schummer Tom Gallo Canada V6C 1G8
Maryse Bélanger
COO SVP GROWTH & TECHNICAL SERVICES Tel: +1 604.558.0560
Len Boggio Email: info@equinoxgold.com
Trudy Curran Peter Hardie Jacqlin Anthony
CFO GENERAL COUNSEL
Omaya Elguindi
Douglas Forster Daniella Dimitrov Investor Relations
CHIEF STRATEGY & RISK OFFICER Tel: +1 604.260.0516
Darren Hall
Blayne Johnson Email: ir@equinoxgold.com
Marshall Koval
Mike Vint