Equinox Gold Extends Convertible Notes
Equinox Gold Extends Convertible Notes
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2024) -
Equinox Gold Corp.
(TSX: EQX)
(NYSE American: EQX) ("Equinox Gold" or the "Company") announces that it has agreed with the
existing noteholders to amend certain terms of the $139.7 million principal 5.00% convertible notes due
April 12, 2024 (the "2024 Notes") and the $139.3 million principal 4.75% convertible notes due March
10, 2025 (the "2025 Notes").
The maturity date of the 2024 Notes will be extended by six months from April 12, 2024 to October 12,
2024. There are no other changes to the terms of the 2024 Notes. The maturity date of the 2025 Notes
will be extended by six months from March 10, 2025 to September 10, 2025. In addition, the conversion
price of the 2025 Notes will be amended from US$7.80 to US$6.50.
Greg Smith, President & CEO of Equinox Gold, commented: "Extending the maturity dates of the 2024
and 2025 Notes significantly enhances our financial flexibility as we advance commissioning of our
world-class Greenstone Gold Mine, which remains on track to pour gold this quarter."
The amendments are subject to the approval of the Toronto Stock Exchange.
About Equinox Gold
Equinox Gold is a growth-focused Canadian mining company with seven operating gold mines,
commissioning underway at a new mine, and a plan to achieve more than one million ounces of annual
gold production from a pipeline of expansion projects. Equinox Gold's common shares are listed on the
TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold's
portfolio of assets and long-term growth strategy is available at
www.equinoxgold.com
or by email at
.
Equinox Gold Contacts
Greg Smith, President & Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email:
Cautionary Notes and Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation. Forward-Looking statements and forward-looking
information in this news release relate to, among other things: the timing and anticipated receipt of
required regulatory approvals for the amendments to the 2024 Notes and 2025 Notes; the strategic
vision for the Company and expectations regarding exploration potential, production capabilities,
growth potential and or operating performance; the strength of the Company's balance sheet, and the
Company's liquidity and future cash requirements; and the aggregate value of common shares which
may be issued. Forward-Looking statements or information generally identified by the use of words
such as "believe", "achieve", "strategy", "plan", "vision", "potential", "intend", "anticipate", and similar
expressions and phrases or statements that certain actions, events or results "may", "could", or
"should", or the negative connotation of such terms, are intended to identify forward-looking
statements and information. Although the Company believes that the expectations reflected in such
forward-looking statements and information are reasonable, undue reliance should not be placed on
forward-looking statements since the Company can give no assurance that such expectations will
prove to be correct.
The Company has based these forward-looking statements and information on the Company's current
expectations and projections about future events and these assumptions include: Equinox Gold's
ability to achieve the exploration, production, cost and development expectations for its respective
operations and projects; expectations regarding the impact of macroeconomic factors on the
Company's operations, share price performance and gold price; availability of funds for the
Company's projects and future cash requirements; prices for energy inputs, labour, materials,
supplies and services remaining as estimated; commissioning of Greenstone being completed and
performed in accordance with current expectations; and the expansion projects at Los Filos, Castle
Mountain and Aurizona being completed and performed in accordance with current expectations.
While the Company considers these assumptions to be reasonable based on information currently
available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue
reliance on the forward-looking statements or information contained in this news release.
The Company cautions that forward-looking statements and information involve known and unknown
risks, uncertainties and other factors that may cause actual results and developments to differ
materially from those expressed or implied by such forward-looking statements and information
contained in this news release and the Company has made assumptions and estimates based on or
related to many of these factors. Such factors include, without limitation: fluctuations in gold prices;
fluctuations in currency markets; operational risks and hazards inherent with the business of mining
(including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual
or unexpected geological or structural formations, cave-ins, flooding and severe weather); the
Company's ability to obtain all necessary permits, licenses and regulatory approvals in a timely
manner or at all; changes in laws, regulations and government practices, including mining,
environmental and export and import laws and regulations; and those factors identified in the section
"Risks and Uncertainties" in this news release and in the section titled "Risks Related to the
Business" in the Company's most recently filed Annual Information Form which is available on
SEDAR+ at
www.sedarplus.ca
and on EDGAR at
www.sec.gov/edgar
.
Forward-Looking statements and information are designed to help readers understand management's
views as of that time with respect to future events and speak only as of the date they are made. Except
as required by applicable law, the Company assumes no obligation to update or to publicly announce
the results of any change to any forward-looking statement or information contained or incorporated by
reference to reflect actual results, future events or developments, changes in assumptions or changes
in other factors affecting the forward-looking statements and information. If the Company updates any
one or more forward-looking statements, no inference should be drawn that the Company will make
additional updates with respect to those or other forward-looking statements. All forward-looking
statements and information contained in this news release are expressly qualified in their entirety by
this cautionary statement.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/203791