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EQUINOX GOLD NEWS RELEASE Equinox Gold Provides 2021 Guidance and Outlines Ambitious Growth and Investment Plans All dollar amounts are expressed in US $ February 9 , 2021 - Vancouver , BC - Equinox Gold Corp. ( TSX : EQX , NYSE American : EQX ) ( " Equinox Gold " or the " Company " ) today announces 2021 production guidance of 600,000 to 665,000 ounces of gold , a 33 % increase over 2020 production of 477,200 ounces of gold . Cost guidance includes cash costs¹ of $ 940 to $ 1,000 per ounce of gold sold and all - in - sustaining costs¹ ( “ AISC ” ) of $ 1,190 to $ 1,275 per ounce of gold sold . The Company is hosting a virtual investor reception and corporate update today commencing at 7:00 am PT ( 10:00 am ET ) . Further details are provided at the end of this news release . " 2021 represents a year of investment for Equinox Gold as we direct our strong operating cash flow to our existing portfolio of mines and growth projects , " said Christian Milau , CEO of Equinox Gold . " These investments in 2021 will set the foundation for lower - cost production , longer - life mines and substantial near - term production growth with an increase to approximately 900,000 ounces of gold at significantly lower costs in 2022 and approximately one million ounces of gold from 2023 . " All - in - sustaining costs in 2021 include stripping campaigns at Los Filos , Mesquite and Aurizona to access higher grade ore , which will increase production and reduce costs in the second half of the year . Growth capital includes the Los Filos expansion projects , a significant pit expansion at RDM and completion of construction at Santa Luz . The Company is also undertaking an aggressive exploration program focused on mine life extension and reserve replacement . Mexico Los Filos USA " We also look forward to completing the acquisition of Premier Gold Mines this quarter and integrating the producing Mercedes Mine and construction - ready , multi - million - ounce Hardrock project into our portfolio and plans . Our share of production from Hardrock would further reduce our costs per ounce produced and boost production by more than 200,000 ounces annually starting in 2024. " 2021 Guidance and Outlook Mesquite Castle Mountain Brazil Aurizona Fazenda RDM Pilar Santa Luz Total - Mines Production ( ounces ) 170,000 - 190,000 130,000 - 140,000 30,000 - 40,000 120,000 - 130,000 60,000 -65,000 55,000 - 60,000 35,000 - 40,000 600,000 - 665,000 Cash Costs¹ ( $ / ounce ) $ 1,125 - $ 1,200 $ 925 - $ 975 $ 725 - $ 775 $ 720 - $ 770 $ 820 - $ 870 $ 1,000 - $ 1,050 $ 1,200 - $ 1,300 $ 940 - $ 1,000 AISC¹ , 2 ( $ / ounce ) $ 1,330 - $ 1,390 $ 1,275 - $ 1,325 $ 1,100 - $ 1,150 $ 1,075 - $ 1,125 $ 1,075 - $ 1,125 $ 1,175 - $ 1,225 $ 1,400 - $ 1,500 $ 1,190 - $ 1,275 TSX : EQX NYSE - A : EQX Sustaining Non - sustaining Capital ¹ Capital¹ $ 38 M $ 95M $ 48 M $ 14 M $ 46 M $ 15 M $ 10 M $ 7 M $ 178 M ¹ Mine cash cost per oz sold , AISC per oz sold , sustaining capital and non - sustaining capital are non - IFRS measures . See Cautionary Notes . 2 Exchange rates used to forecast 2021 AISC include a rate of BRL 4.75 to USD 1 and MXN 20.0 to USD 1 . Suite 1501 - 700 West Pender St. , Vancouver , BC Canada V6C 1G8 ir@equinoxgold.com +1 604.558.0560 www.equinoxgold.com $ 9 M $ 10 M $ 4 M $ 2 M $ 35 M $ 94 M $ 249 M