Equinox Gold Secures Long-Term Land Access Agreements with All Three Communities at Los Filos Mine, Planning and Technical Work Underway to Support Mine Restart and Annual Production Expansion

Equinox Gold Corp. has secured 20-year land access agreements with all three host communities at its Los Filos Mine in Mexico, marking the first time all three communities have agreed to long-term access for the asset. The company is now planning a phased restart of heap leach operations, which will include environmental remediation, permitting, and workforce rehiring.

Technical studies are underway to evaluate a carbon-in-leach (CIL) processing facility and optimize mill throughput, using updated metal prices and operating assumptions. Los Filos contains 5.4 Moz of mineral reserves and 7.9 Moz measured/indicated resources as of June 2022. Production from the mine is explicitly excluded from 2026 guidance.

Equinox Gold Corp. (EQX) has secured the necessary community agreements to address the disputes that previously suspended operations at its Los Filos mine. The asset holds 5.4 million ounces of reserves and 7.9 million ounces in measured and indicated resources. While the company has not yet announced a timeline for restarting the mine, heap leach operations are expected to come online gradually, and a full carbon-in-leach (CIL) expansion will require further study and board approval. Consequently, no production from Los Filos is included in the company’s 2026 guidance, meaning near-term earnings and cash flow remain unchanged.

The resolution of these community issues significantly de-risks the company’s long-term growth pipeline. The combined Equinox-Orla entity, pending merger, has targeted production of more than 1.9 million ounces per year, with Los Filos potentially contributing 300,000 to 400,000 ounces annually. Securing these agreements satisfies a prerequisite for future development. Following a sharp share-price decline from approximately $18 to $13 over six weeks, this development may serve as a support catalyst, improving the probability of future value creation despite the absence of immediate cash flow or construction decisions.

Equinox Gold Corp. (EQX) is a multi-mine gold producer with operations in Canada (Greenstone, Valentine), the USA (Mesquite, Castle Mountain), Nicaragua (Limon, Libertad), and a suspended asset in Mexico (Los Filos). The company sold its Brazil operations in January 2026.

A merger with Orla Mining, expected in Q3 2026, will create a senior North American gold producer with approximately 1.1 million ounces of annual production in 2026 and approximately 23 million ounces of proven and probable (P&P) reserves. Current standalone 2026 production guidance for Equinox Gold is 700,000 to 800,000 ounces, excluding Los Filos and the Orla contribution.