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Equinox Gold Strengthens Balance Sheet with Updated Credit Facility

Press Release

July 28, 2022

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce it has strengthened its balance sheet and increased its liquidity by amending its existing credit facility.

Equinox Gold and its lenders have revised the credit facility to:

  • Increase the maximum amount available under the revolving facility from $400 million to $700 million
    • $300 million drawn at end of Q2 2022, $100 million drawn in July 2022
    • $73 million of carrying value remaining on the amortizing term loan has been rolled into the revolving facility, eliminating the need for principal payments through mid-2026
  • Add a $100 million uncommitted accordion feature
  • Reduce pricing for advances by 0.25% – 0.50% depending on leverage ratios
  • Extend the maturity date to July 28, 2026, with the ability to request an additional one-year extension

Peter Hardie, Chief Financial Officer of Equinox Gold, commented: “The revised credit facility increases Equinox Gold’s liquidity, reduces our cost of capital and extends the maturity date of our debt while we focus on building Greenstone. The increase in readily accessible, lower cost capital reflects the Company’s growth and maturity and provides increased financial flexibility as we focus on delivering value to our shareholders in any economic environment. We appreciate the continuing strong support from our lending syndicate and their confidence in our long-term strategy.”

Amounts drawn are subject to variable interest rates based on the Secured Overnight Financing Rate (Term SOFR) plus an applicable margin of 2.25% to 3.50%, based on the Company’s total net leverage ratio.

The restated Credit Agreement will be available on the Company’s profile on SEDAR at and EDGAR at

Equinox Gold Contacts

Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President, Investor Relations
Tel: +1 604-558-0560
Email: [email protected]


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