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EQUINOX GOLD NEWS RELEASE Equinox Gold Reports 124,712 Ounces of Gold Sold in Second Quarter 2021 On Track for Strong H2 2021 with Increased Production and Lower Costs all dollar figures are in US dollars , unless otherwise indicated August 4 , 2021 Vancouver , BC - Equinox Gold Corp. ( TSX : EQX , NYSE American : EQX ) ( “ Equinox Gold " or the " Company " ) is pleased to announce its second quarter 2021 summary financial and operating results . The Company's unaudited condensed consolidated interim financial statements and related management's discussion and analysis for the three and six months ended June 30 , 2021 will be available for download on SEDAR , on EDGAR and on the Company's website . The Company will host a conference call and webcast on August 5 , 2021 commencing at 7:00 am Vancouver time to discuss the Company's second quarter results and activities underway at the Company's projects . Further details are provided at the end of this news release . Christian Milau , CEO of Equinox Gold , commented : “ Equinox Gold had a solid second quarter with strong performance from the Brazil mines , significant development progress at both Santa Luz and Greenstone , and completion of the stripping campaign at Mesquite to open up the higher - grade Brownie deposit . With Mesquite now stacking ore from Brownie and operations at Los Filos restored , production should be significantly higher in the second half of the year at lower costs . ● " The second half of the year will also be catalyst rich , with Santa Luz on track to start commissioning by year end and pour first gold in Q1 2022 , the start of full - scale construction at Greenstone and completion of both the Aurizona underground and Los Filos expansion studies . With a strong balance sheet and robust cash flow from seven producing mines , we remain focused on our growth strategy toward one million ounces of annual gold production . " HIGHLIGHTS FOR THE THREE MONTHS ENDED JUNE 30 , 2021 Operational and financial Lost - time injury frequency rate of 0.76 per million hours worked Produced 122,656 ounces ( " oz " ) of gold ● TSX : EQX NYSE - A : EQX ● Sold 124,712 oz of gold at an average realized gold price of $ 1,806 per oz • Total mine cash costs of $ 1,089 per oz ( ¹ ) and mine AISC of $ 1,382 per oz ( ¹ ) ● Earnings from mine operations of $ 45.6 million ● Net income of $ 325.7 million or $ 1.10 per share • Adjusted net income of $ 3.1 million or $ 0.01 per share , after adjusting for non - cash expenses ( ¹ ) ( 2 ) ● Cash flow from operations before changes in non - cash working capital of $ 31.6 million ( $ 20.2 million after changes in non - cash working capital ) • Adjusted EBITDA of $ 52.4 million ( ¹ ) ( 2 ) • Expenditures of $ 34.1 million in sustaining capital and $ 53.1 million in non - sustaining capital ( ¹ ) • Temporary suspension of mining and development activities at Los Filos in June due to illegal blockades , which were resolved in July Net debt of $ 215.6 million ( ¹ ) at June 30 , 2021 ( including $ 139.6 million of in - the - money convertible notes ) Cash and cash equivalents ( unrestricted ) increased to $ 333.9 million at June 30 , 2021 Suite 1501 - 700 West Pender St. , Vancouver , BC Canada V6C 1G8 ir@equinoxgold.com +1 604.558.0560 www.equinoxgold.com