Equinox Gold Corp.

Thank you for standing by. This is the conference operator. Welcome to the Equinox Gold fourth quarter and 2024 results and corporate update. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. If you are participating through the webcast, you can submit a question in writing by using the text box in the lower left corner of the webcast frame. I would now like to turn the conference over to Rulyn Bailey, Vice President, Investor Relations for Equinox Gold. Please go ahead.

Thank you, Operator, and thank you, everybody, for joining us today. We will, of course, be making a number of forward-looking statements, so please do visit our website, Cedar and Edgar, to learn more about the company. I will now turn the call over to our President and CEO, Greg Smith.

Thanks, Relynn. Good morning, everyone, and thanks for joining the call today. On the line with me is our COO, Doug Reddy, our CFO, Peter Hardy, our EVP of Exploration, Scott Heffernan, and our VP of Investor Relations, Relynn Bailey. Again, today we are discussing Equinox Gold's 2024 fourth quarter and full year financial and operating results. For those of you that are new to the company, Equinox Gold is a fast-growing, Americas-focused gold producer. We've got producing mines across Canada, the United States, Mexico, and Brazil, as well as several mine expansion development opportunities. Our production is supported by a large gold endowment, including 20 million ounces in reserves and an additional 18 million ounces in measured and indicated resources across our portfolio of gold deposits. I'm going to start first with a broad overview of the fourth quarter and the year, and then I'll turn the call over to Pete and Doug for more details. Well, we once again had a strong finish to the year with fourth quarter production of approximately 214,000 ounces and sales of approximately 218,000 ounces. That's the highest quarterly gold production in the company's history. Cash cost per ounce sold in the quarter was 1458 per ounce, our lowest quarterly cash cost this year, with all in sustaining cost per ounce sold of 1,652. That's 1,652. We also finished 2024 with record annual gold production of approximately 622,000 ounces and sales of 623,000 ounces at a cash cost of 1,598 per ounce and all in sustaining costs of 1,870 per ounce. Our safety performance this year was good. Four of our sites had no lost time injuries in 2024 with a total recordable injury frequency rate across the company of 2.21, beating our target for the year. These are good results. However, we must also acknowledge that we regrettably had a fatality during the year at our Fazenda mine. On the environmental side, we had a substantial improvement to our significant environmental incident frequency rate compared to last year. And we also improved our S&P global corporate sustainability assessment score by over 13% compared to the prior year. This puts us right near the top of our peer group on that score. Our major focus for the company during 2024 was commissioning our greenstone mine in Ontario and ramping up production. In April, we introduced first gold, sorry, first ore to the processing plant, and we poured first gold in May. We also consolidated ownership of Greenstone in May with the acquisition of the 40% in the mine held by our joint venture partner. And in November, we achieved commercial production, and Doug will have more details on Greenstone later in the call. During 2024, we continued to advance our plans to develop an underground mine at the Piaba deposit at Arizona, and we started mining at our new Tata Juba open pit. We now plan to start development of the underground portal at Piaba later this year. We also continue to advance permitting of the planned expansion at our Castle Mountain project, which would increase the production profile at Castle Mountain to over 200,000 ounces of gold per year. We received a notice of completion from the Federal Bureau of Land Management during the year, and we now expect to receive the notice of intent in the second quarter of this year. Depending on final timing of receipt of the notice of intent, permitting for the expansion should finish up in late 2026 or early 2027. In the meantime, we're continuing to advance engineering and design so that when the permit is received, we'll be well prepared to make a construction decision at Castle Mountain. Across our mines, Exploration Drilling in 2024 successfully replaced our reserves, and we completed three technical reports during the year, including for our Hisaga project in Red Lake, our Greenstone mine, and more recently for Fazenda in Brazil, which demonstrates mine life extension at Fazenda to 2033. Looking forward, we expect an increase in production in 2025 to between 635,000 ounces and 750,000 ounces, with cash costs of between $10.75 and $11.75 per ounce, and all outstanding costs of between $14.55 and $15.50 per ounce. The increase in production is driven by greenstone, which we expect to continue to ramp up through the course of the year. You should note that we have not included any guidance for Los Felos in Mexico. As we have been reporting for some time now, we've been working toward new long-term agreements with the local communities at Los Filos. These agreements are necessary to help ensure the long-term economic viability of the mine, which requires investment in the construction of a new carbon and leach plant to increase recoveries from higher grade open pit and underground ores that are not suitable for stacking on the leach pad. We have made substantial progress and in January reached consensus with the three communities on terms for the new agreements. Two of the communities have already approved and signed new long-term agreements with the company. However, one company has not yet approved and signed the new agreement, and unless we can complete agreements with all three communities in the near term, we will not continue to operate the Los Feliz mine. So given the current uncertainty, no guidance will be provided for Los Feliz at this time. Finally, you should also note in our guidance that we have combined our Fazenda and Santa Luz mines into a single reporting unit called the Bahia Complex. We are in the process of completing a formal combination of the two mines into one operating unit to take advantage of their close proximity and the resulting operating costs and other benefits and efficiencies. And with that, I'll turn it over to Pete to discuss our financial results.