Equinox Gold publishes its inaugural Climate Action Report and announces a GHG Emissions Reduction Target for 25% by 2030

VANCOUVER (BC), Feb. 7, 2023 /PRNewswire/ – Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce its target of a 25% reduction in greenhouse gas (“GHG”) emissions by 2030. Equinox Gold’s GHG emission reduction strategy is summarized in its inaugural Climate Action Report. This report is consistent with the disclosure guidelines set forth by the Task Force on Climate-Related Finance Disclosures.

Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold has made substantial progress in understanding our carbon footprint and identifying opportunities for improvement. We are proud to have implemented our plan to reduce GHG emissions by 25% by 2030, as detailed in our first Climate Action Report. We are taking steps to reduce GHG emissions at our mining operations and operating costs. In addition, we are looking at GHG emissions mitigation options at our development projects. This will allow us to reach both our production growth and climate-related objectives.

Equinox Gold’s Climate Action Report summarises the Company’s efforts to reduce GHG emissions, and to mitigate any potential negative effects of climate changes on its operations. Equinox Gold supports goals of the Paris Agreement. It has adopted the leading industry standards to guide it in its climate action strategy. Canada’s Towards Sustainable Mining protocols.

Equinox Gold began implementing processes in 2020 to assess its carbon footprint and identify areas for improvement. It also took concrete steps towards developing a comprehensive climate strategy. Equinox Gold established a goal to reduce its Scope 1 GHG emissions and Scope 2 GHGs by 25% by 2030. This was based on data from the baseline, forecasts of life-of-mine production, an assessment of climate-related opportunities and risks at its mine sites, as well as a review industry standards and available technology.

Equinox Gold concluded that nearly all of the Company’s GHG emissions are caused by diesel combustion in mobile equipment. Equinox Gold is focusing its near-term GHG emissions mitigation initiatives on efficiency improvements in its haul trucks, transitioning from lower emission diesel where available, reducing electricity usage, and sourcing electricity form green power sources.

You can download the Climate Action Report to find more information on the Company’s climate action strategy, risk assessment, and methodology. www.EquinoxGold.com.

About Equinox Gold

Equinox Gold is a Canadian mining company that is growing. The company has seven active gold mines and construction on the way at a new site. There are plans to increase production by more than one million ounces per year through a pipeline of expansion and development projects. Equinox Gold’s common shares can be traded on the TSX under the trading symbol EQX. More information on Equinox Gold’s assets portfolio and long-term growth strategy can be found at www.equinoxgold.com Send an email to [email protected].

Equinox Gold Contacts

Greg Smith, President & CEO
Rhylin BailieVice President Investor Relations
Tel: +1 604-558-0560
Email: [email protected]

Cautionary Notes

This news release may contain forward-looking information or statements that are within the scope of applicable securities legislation. It may also include financial information about the future. Forward-looking statements in this news release include information about the Company’s ability, including its ability to reduce GHG emissions by 25% by 2030. It also includes information regarding the Company’s strategic vision and future performance. They also discuss the Company’s timing and ability to advance its growth and other development projects. The Company’s expectations about reducing its GHG emissions, and the impact of its operations upon climate change. It also has expectations about the availability of green power sources, biofuels, and efficient vehicles. The company also anticipates the cost savings associated with certain emission reduction initiatives. Forward-looking information or statements are generally identified by the use the words “will”,” “target”,” “strategy”,” “potential”, and similar expressions or phrases, or statements that certain events, actions or results “could”,” “would”, or “should”, or any negative connotation thereof. While the Company believes these forward-looking statements and information to be reasonable, undue dependence should not be placed upon them as the Company cannot guarantee their accuracy. These forward-looking statements are based on the Company’s current expectations and projections regarding future events. and the Company’s ability comply with safety, health, and environmental laws. These assumptions are reasonable, based on current information. However, the Company may be wrong. The forward-looking statements contained in this news releases should not be relied upon by readers.

Forward-looking statements include known and unknown uncertainties that could cause actual results or developments to differ materially. This news release contains information that is based on assumptions and related to many of these variables. Changes in the expected climate change impacts; changes in laws, regulation and government practices including laws and regulations relating the environment and carbon taxes; fluctuations and fluctuations in mining prices; volatility in currency markets; operational risk and hazards inherent in the mining business (including environmental accidents, hazards, industrial accidents, equipment failure, unexpected geological formations, cave-ins or flooding, severe weather, etc.); employee relations; relationships and claims by local communities and Indigenous partner; Company’s ability or inability, to obtain all regulatory approvals quickly or at all section titled “Risks and Uncertainties” in Equinox Gold’s MD&A dated March 23, 2022 For the year ended December 31, 2021Equinox Gold’s most recent Annual Information Form contains this section. It also includes the section entitled “Risks Related To the Business” www.sedar.com EDGAR is available at www.sec.gov/edgar. Forward-looking information and statements are intended to assist readers in understanding management’s views at that time regarding future events. They speak only as of their date. Equinox Gold is not required to make public any update to any forward looking statement or information. Equinox Gold does not intend to make any further forward-looking statements if it updates any of its forward-looking statements. This cautionary statement qualifies every forward-looking statement and any information in this news release.



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SOURCE Equinox Gold Corp.

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