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Equinox Gold Announces Senior Leadership Transition

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Equinox Gold (NYSE:EQX) announced a significant leadership transition as CEO Greg Smith steps down, with Darren Hall, the current President and COO, appointed as the new Chief Executive Officer and Director, effective immediately. Additionally, David Schummer has been promoted to Chief Operating Officer.

Darren Hall brings 40 years of global mining experience and previously served as Calibre Mining's CEO, where he demonstrated success in increasing production and lowering costs. The transition marks Equinox Gold's evolution from a growth-focused consolidator to a top-tier global gold producer, with key assets like Greenstone ramping up and Valentine moving into production.

Equinox Gold (NYSE:EQX) ha annunciato un importante cambiamento nella leadership: il CEO Greg Smith si dimette, mentre Darren Hall, attuale Presidente e COO, è stato nominato nuovo Amministratore Delegato e Direttore, con effetto immediato. Inoltre, David Schummer è stato promosso a Chief Operating Officer.

Darren Hall vanta 40 anni di esperienza nel settore minerario a livello globale e in precedenza è stato CEO di Calibre Mining, dove ha ottenuto risultati significativi nell’aumento della produzione e nella riduzione dei costi. Questa transizione rappresenta l’evoluzione di Equinox Gold da consolidatore focalizzato sulla crescita a produttore globale di oro di primo piano, con asset chiave come Greenstone in fase di espansione e Valentine che entra in produzione.

Equinox Gold (NYSE:EQX) anunció una importante transición en su liderazgo: el CEO Greg Smith renuncia, y Darren Hall, actual Presidente y COO, ha sido nombrado nuevo Director Ejecutivo y Director, con efecto inmediato. Además, David Schummer ha sido promovido a Director de Operaciones.

Darren Hall aporta 40 años de experiencia global en minería y anteriormente fue CEO de Calibre Mining, donde logró aumentar la producción y reducir costos. Esta transición marca la evolución de Equinox Gold de un consolidado enfocado en el crecimiento a un productor global de oro de primer nivel, con activos clave como Greenstone en expansión y Valentine entrando en producción.

Equinox Gold (NYSE:EQX)� CEO Greg Smith가 물러나고, 현재 사장 � COO� Darren Hall� 즉시 발효되는 새로� 최고경영�(CEO) � 이사� 임명되는 중대� 리더� 변화를 발표했습니다. 또한, David Schummer가 최고운영책임�(COO)� 승진했습니다.

Darren Hall은 40년간� 글로벌 광산� 경험� 보유하고 있으�, 이전� Calibre Mining� CEO로서 생산� 증대와 비용 절감� 성공� � 있습니다. 이번 전환은 Equinox Gold가 성장 중심� 통합자에� 주요 자산� Greenstone� 확장� Valentine� 생산 개시와 함께 세계 최고 수준� � 생산업체� 진화하는 것을 의미합니�.

Equinox Gold (NYSE:EQX) a annoncé une transition majeure dans sa direction : le PDG Greg Smith démissionne, et Darren Hall, actuel Président et COO, est nommé nouveau Directeur Général et Administrateur, avec effet immédiat. Par ailleurs, David Schummer a été promu Directeur des Opérations.

Darren Hall possède 40 ans d'expérience mondiale dans le secteur minier et a précédemment été PDG de Calibre Mining, où il a réussi à augmenter la production et réduire les coûts. Cette transition marque l'évolution d'Equinox Gold, qui passe d'un consolidateur axé sur la croissance à un producteur d'or mondial de premier plan, avec des actifs clés tels que Greenstone en phase d'expansion et Valentine entrant en production.

Equinox Gold (NYSE:EQX) gab einen bedeutenden Führungswechsel bekannt: CEO Greg Smith tritt zurück, und Darren Hall, der derzeitige Präsident und COO, wurde mit sofortiger Wirkung zum neuen Chief Executive Officer und Direktor ernannt. Zudem wurde David Schummer zum Chief Operating Officer befördert.

Darren Hall bringt 40 Jahre weltweite Bergbauerfahrung mit und war zuvor CEO von Calibre Mining, wo er Erfolge bei der Produktionssteigerung und Kostensenkung erzielte. Dieser Wechsel markiert den Wandel von Equinox Gold von einem wachstumsorientierten Konsolidierer zu einem erstklassigen globalen Goldproduzenten, mit wichtigen Anlagen wie Greenstone, das hochgefahren wird, und Valentine, das in die Produktion geht.

Positive
  • None.
Negative
  • Departure of founding CEO Greg Smith who was instrumental in company's growth
  • Execution risk during leadership transition period
  • Operational challenges with ramping up Greenstone and Valentine projects simultaneously

Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") announces a leadership transition. Greg Smith has stepped down as Chief Executive Officer and Director, and Darren Hall, current President and Chief Operating Officer, has been appointed Chief Executive Officer and Director effective immediately. Darren is a proven executive with a long history of mining industry experience who previously served as Calibre Mining's President & Chief Executive Officer from 2021 through to the transaction with Equinox Gold. Concurrent with this transition, David Schummer, formerly Executive Vice President, Operations, has been appointed Chief Operating Officer of Equinox Gold.

Ross Beaty, Chair of Equinox Gold, commented: "Greg is a founding executive and shareholder of Equinox Gold whose leadership and strategic vision have been instrumental in growing the Company from concept into the multi-asset, multi-billion-dollar gold producer it is today. I want to sincerely thank Greg personally, and on behalf of the Board of Directors, for his vision, dedication, and leadership."

Greg Smith stated: "This is a natural transition point. I'm extremely proud of what we have accomplished since founding Equinox Gold in 2017, having built the Company into a leading gold producer with operations across the Americas and a clear pathway to producing over one million ounces annually. With the recent successful integration of Calibre Mining and key assets like Greenstone ramping up and Valentine moving into production, the Company is well positioned to evolve from growth through acquisition and construction to disciplined execution and operational excellence. It is the right time for a proven operator like Darren to take the helm. He brings the leadership, focus, and operational expertise to optimize this expanded portfolio and unlock its full potential. It has been an honour and privilege to work alongside the talented Equinox Gold team, Ross Beaty, and our board to build this outstanding Company."

Darren Hall brings 40 years of global mining experience with a consistent track record of operational excellence and value creation. As President and Chief Executive Officer of Calibre Mining, he significantly increased production, lowered costs, and drove disciplined capital allocation, delivering strong free cash flow and exceptional shareholder returns. Under his leadership, Calibre transformed into a high-performing gold producer, culminating in its successful merger with Equinox Gold in June 2025.

Previously, Darren was Chief Operating Officer at both Kirkland Lake Gold and Newmarket Gold and earlier spent nearly three decades with Newmont Corporation in a series of progressively senior roles. Across all organizations, he has demonstrated a strong commitment to safety, cost discipline, and long-term business performance.

Darren Hall, President & Chief Executive Officer, added: "I'm honoured to lead Equinox Gold at such a pivotal moment in the Company's evolution and I'm excited to work alongside our talented team to unlock the full potential of Equinox Gold's exceptional portfolio. Our focus will be on disciplined execution, operational excellence, and delivering consistent, reliable performance as we enter this next phase of growth and optimization, building on the solid foundations Greg and his team have established. This leadership transition marks Equinox Gold's evolution from a high-growth consolidator to a top-tier global gold producer, anchored by Greenstone and Valentine, both high-quality, long-life assets."

David Schummer has over 35 years of mining industry experience working in the U.S., Canada, Peru, Indonesia, West Africa and the Middle East. He is a proven executive leader of large-scale mining companies focused on building a strong health and safety culture and value creation through mining efficiencies. Prior to joining Calibre as COO, David was the COO for Perseus Mining, and prior to that he was the President of Ma'aden Gold and Base Metals (MGBM) and was the Chairman of the Board for both MGBM and Ma'aden Barrick Copper Company. David previously held the role of Executive Vice President & COO at New Gold Inc. and also spent 22 years at Newmont Corporation.

Equinox Gold Contact

Ryan King
Senior Vice President, Capital Markets and Strategy
T: +1 778.998.3700
E: [email protected]
E: [email protected]

Cautionary Notes

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation ("Forward-looking Information"). Forward-looking Information in this news release relates to, among other things: the strategic vision for the Company and expectations regarding production capabilities, growth potential, and future financial or operating performance, including the ramp-up of Greenstone and the transition of Valentine to production; management's ability to deliver long-term value for shareholders; and expectations for future success of the Company's management team. Forward-looking Information is generally identified using words like "will", "potential", "deliver", "grow", and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify Forward-looking Information. Although the Company believes that the expectations reflected in such Forward-looking Information are reasonable, undue reliance should not be placed on Forward-looking Information since the Company can give no assurance that such expectations will prove to be correct. The Company has based Forward-looking Information on the Company's current expectations and projections about future events and these assumptions include: Equinox Gold's ability to achieve the production, cost and development expectations for its respective operations and projects; prices for gold remaining as estimated; availability of funds for the Company's projects and future cash requirements; ramp-ups at Greenstone and Valentine being completed and performed in accordance with current expectations. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Accordingly, readers are cautioned not to put undue reliance on Forward-looking Information contained in this news release.

Forward-looking Information involves numerous risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such Forward-looking Information. Such factors include those described in the section "Risk Factors in in the Company's MD&A dated March 13, 2025 for the year ended December 31, 2024, and in the section titled "Risks Related to the Business" in Equinox Gold's most recently filed Annual Information Form which is available on SEDAR+ at and on EDGAR at and in the section titled "Risk Factors" in Calibre's most recently filed Annual Information Form which is available on SEDAR+ at . Forward-looking Information reflects management's current expectations for future events and is subject to change. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any Forward-looking Information contained or incorporated by reference to reflect actual results, future events or developments, changes in assumptions or other factors affecting Forward-looking Information. If the Company updates any Forward-looking Information, no inference should be drawn that the Company will make additional updates with respect to those or other Forward-looking Information. All Forward-looking Information contained in this news release is expressly qualified by this cautionary statement.

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FAQ

Who is the new CEO of Equinox Gold (EQX)?

Darren Hall, formerly President and COO, has been appointed as CEO and Director of Equinox Gold, replacing Greg Smith effective immediately.

Why did Greg Smith step down as CEO of Equinox Gold?

Greg Smith's departure comes at a natural transition point as the company evolves from growth through acquisition to focus on disciplined execution and operational excellence.

What is Darren Hall's experience before joining Equinox Gold?

Hall has 40 years of global mining experience, serving as CEO of Calibre Mining, COO at Kirkland Lake Gold and Newmarket Gold, and spent nearly three decades with Newmont Corporation.

What are Equinox Gold's production goals under the new leadership?

The company has a clear pathway to producing over one million ounces annually, focusing on ramping up key assets like Greenstone and transitioning Valentine into production.

Who is the new COO of Equinox Gold?

David Schummer, formerly Executive Vice President of Operations, has been appointed as COO. He brings over 35 years of mining industry experience across multiple global operations.
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