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EQUINOX GOLD TSX : EQX NYSE - A : EQX NEWS RELEASE Equinox Gold Reports Third Quarter 2021 Financial and Operating Results 137,144 Ounces of Gold Sold , on Track to Achieve 2021 Guidance All dollar figures in US dollars , unless otherwise indicated November 3 , 2021 - Vancouver , BC - Equinox Gold Corp. ( TSX : EQX , NYSE American : EQX ) ( " Equinox Gold " or the " Company " ) is pleased to announce its third 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 nine months ended September 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 November 4 , 2021 commencing at 7:00 am Pacific time to discuss the Company's third 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 : " Production continues to increase as we see the benefits of investment at the mine sites during the first half of the year . While increased production from Los Filos and the Brazil mines anchored a strong third quarter for Equinox Gold , approximately one - third of 2021 production will come in the fourth quarter , with more than 65,000 ounces of gold already produced during the month of October . " During the quarter we made significant progress at our growth and expansion projects . Santa Luz construction is on budget and 70 % complete ; we started mining ore from the new Guadalupe open pit and Bermejal underground deposits at Los Filos ; and our study to expand the Aurizona Mine demonstrated that developing the underground and satellite open - pit deposits will nearly double the mine life and increase annual production . We also recently celebrated groundbreaking at our Greenstone Mine in Ontario , Canada . The groundbreaking event was attended by the Ontario Minister of Mines , the Chiefs of our Indigenous partners , the Mayor of the Municipality of Greenstone and community members . We appreciate their support and enthusiasm for the project and look forward to working with Orion Mine Finance and all of our partners to develop what will be a transformative project for local communities and a cornerstone asset for Equinox Gold . " Looking ahead , Equinox Gold is on track to achieve its 2021 guidance and expects to realize significant production growth in 2022 as we continue to access higher - grade ore at Los Filos and commence production at Santa Luz , which will be our eighth operating mine . We remain focused on our growth strategy to produce more than one million ounces of gold per year and become the industry's premier Americas gold producer . " HIGHLIGHTS FOR THE THREE MONTHS ENDED SEPTEMBER 30 , 2021 Operational • • • Lost - time injury frequency rate of 1.29 , which is a measure of the number of injuries per million hours worked Produced 139,758 ounces ( " oz ” ) of gold during the quarter ; sold 137,144 oz of gold at an average realized gold price of $ 1,780 per oz Total cash costs of $ 1,109 per oz and mine all - in sustaining costs ( " AISC " ) of $ 1,327 per oz for the quarter ( 1 ) Produced 391,678 oz of gold for the nine months ended September 30 , 2021 , with cash costs and mine AISC of $ 1,113 per oz and $ 1,396 per oz , respectively ( 1 ) Los Filos has operated continuously since July 26 , 2021 , following the resolution of blockades The Company remains on track to achieve 2021 production and cost guidance Earnings Earnings from mine operations of $ 49.2 million • • Net loss of $ 5.2 million or $ 0.02 per share • Adjusted net income of $ 6.7 million or $ 0.02 per share , after adjusting for certain non - cash expense items ( 1 ) ( 2 ) Suite 1501 - 700 West Pender St. , Vancouver , BC Canada V6C 1G8 ir@equinoxgold.com +1 604.558.0560 www.equinoxgold.com