Equinox Gold Provides Corporate Update
TSX: EQX
NYSE-A: EQX
Suite 1501 - 700 West Pender St., Vancouver, BC Canada V6C 1G8
[email protected] +1 604.558.0560 www.equinoxgold.com
NEWS RELEASE
Equinox Gold Provides Corporate Update
All dollar amounts are expressed in US$ unless stated otherwise
March 27, 2020 – Vancouver, BC – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the
“Company”) today provides a corporate update.
COVID-19 Pandemic Response
As a result of local government restrictions related to the COVID -19 pandemic, the Company has temporarily
suspended mining activities for 15 days at the RDM Mine in Minas Gerais State, Brazil. The mill will continue to
operate and process lower -grade ore stockpiles until the restrictions are lifted and mining recommenc es. To
date there are no confirmed or presumptive cases of the COVID-19 virus at any of the Company’s operations or
offices and Equinox Gold’s other producing mines continue to operate normally.
Equinox Gold continues to enforce stringent operational and safety procedures across the Company to help
protect the safety of its workforce and communities in accordance with guidelines outlined by the World Health
Organization and the local, state and federal governments at each of its operations. The Company has also
developed contingency plans to support business continuity and help protect the economic wellbeing of its
workforce, suppliers and local communities. The Company is monitoring the rapidly changing COVID-19 situation
and will adjust its response as necessary.
Exercise of Non-dilution Rights
In connection with the merger complet ed on March 10, 2020 between Equinox Gold and Leagold Mining
Corporation (“Leagold”), the Pacific Road Resources Funds have provided notice to the Company of the exercise
of their pre-existing non-dilution rights and will acquire 461,947 Equinox Gold common shares (the “Shares”) for
proceeds to the Company of $2,854,832 and $9,278,209 aggregate principal amount of 5-year convertible notes
(the “Notes”). The Notes will bear interest at 4.75% and will be convertible into Equinox Gold common shares at
a fixed price of $7.80 per share. The Company intends to use the proceeds from the Shares and Notes for general
corporate and working capital purposes.
Standby Loan
Further to the Equinox Gold news releases dated August 2, 2018 and December 30, 2019, the standby loan
arrangement between Equinox Gold and its Chairman, Ross Beaty, has been amended and restated to extend
the term from March 31, 2020 to June 30, 2020.
Reliance on Temporary Filing Relief
On March 23, 2020, Canadian securities regulators published temporary blanket relief for market participants
from certain regulatory filings as a result of COVID -19. The Company intends to rely on the temporary blanket
relief which provides for a 45 -day ext ension to file its A nnual Information Form (“AIF”) for the year ended
December 31, 2019. Equinox Gold now expects to file its AIF on or before April 15, 2020. Further, the Company’s
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directors, officers and other insiders will be subject to a trading blackout until such time as the AIF is filed and
the Company confirms that, other than completion of the merger with Leagold on March 10, 2020, there have
been no material business developments that have occurred subsequent to the filing of the Company’s
December 31, 2019 Financial Statements on March 2, 2020.
About Equinox Gold
Equinox Gold is a Canadian mining company with six producing gold mines, a multi- million-ounce gold reserve
base and a strong growth profile from two development projects and two expansion projects. Equinox Gold
operates entirely in the Americas, with two projects in the United States, one in Mexico and five in Brazil. 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 [email protected].
Equinox Gold Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: [email protected]
Cautionary Notes & Forward-looking Statements
This news release includes certain statements that constitute “forward- looking statements”, and “forward -looking
information” within the meaning of applicable securities laws collectively “forward- looking statements”. These incl ude
statements regarding the growth potential of the Company. When used in this news release, words such as “will”,
“monitoring”, “review”, “contingency plans”, “adjust”, “adapt”, “growth”, and similar expressions are intended to identify
these forward-looking statements as well as phrases or statements that certain actions, events or results “may”, “could”,
“would”, “should”, “occur” or “be achieved” or the negative connotation of such terms. As well, forward-looking statements
may relate to future outlook and anticipated events, such as the Company’s plans and protocols with regard to managing
potential impacts related to the COVID -19 pandemic, the Company’s strategy to help keep its workforce and local
communities safe, the Company’s business continuity protocols and the potential impact on operations related to COVID -
19, the Company’s ability to maintain activities and productivity at its operating mines, the Company’s ability to successfully
resume operations at mines at which operations have been restricted or suspended, and the Company’s ability to advance
its development and expansion projects and achieve its growth objectives.
These forward-looking statements involve assumptions, numerous risks and uncertainties, certain of which are bey ond the
Company’s control including risks associated with or related to the volatility of metal prices and the Company’s shares, risks
of the COVID-19 pandemic including government responses and increased regulations and restrictions regarding the flow of
labour, materials and impact on the Company’s projects and operations, as well as the risk factors identified in Equinox
Gold’s Annual Information Form dated December 31, 2018, the joint information circular for the Leagold merger dated
December 20, 2019, and in Equinox Gold’s year -end MD&A dated February 28, 2020, which are available on SEDAR at
www.sedar.com and EDGAR at www.sec.gov . Forward-looking statements are based on information available at the time
those statements are made and/or management’s good faith belief as of that time with respect to future events and are
subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in
or suggested by the forward- looking statements. Forward- looking statements speak only as of the date those statements
are made. The COVID -19 situation is changing rapidly and Equinox Gold will continue to review and adapt its response
protocols as the situation unfolds, applying guidelines outlined by the World Health Organization and governments of
countries within which the Company operates. Except as required by applicable law, Equinox Gold assumes no obligation to
update or to publicly announce the results of any change to any forward -looking statement contained or incorporated by
reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors
affecting the forward- looking statements. If Equinox Gold updates any one or more forward -looking statements, no
inference should be drawn that the c ompany will make additional updates with respect to those or other forward -looking
statements. All forward -looking statements contained in this news release are expressly qualified in their entirety by this
cautionary statement.