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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13D/A 0001476537 XXXXXXXX LIVE 4 Common Shares, no par value 01/15/2026 false 0001756607 29446Y502 Equinox Gold Corp. 700 West Pender St Suite 1501 Vancouver A1 V6C 1G8 Ross Beaty 604-806-3173 1130 - 400 Burrard Street Vancouver A1 V6C 3A6 0001476537 N BEATY, ROSS J. PF N Z4 27156292.00 0.00 27156292.00 0.00 27156292.00 N 3.5 IN Represents 27,156,292 shares, comprised of (i) 23,988,890 Common Shares held by Ross Beaty, (ii) 102,402 Common Shares issuable on the conversion of restricted stock units ("RSUs") held by Ross Beaty and (iii) 3,065,000 Common Shares held by Kestrel Holdings Ltd. a limited company organized under the laws of the Province of British Columbia, wholly-owned and controlled by Ross Beaty. Ownership of 3.5% is based on 784,878,779 Common Shares outstanding, calculated as follows: (i) 784,776,377 Common Shares outstanding as of November 5, 2025 plus (ii) 102,402 Common Shares issuable on the conversion of RSUs held by Ross Beaty. Y Kestrel Holdings Ltd. OO N A1 3065000.00 0.00 3065000.00 0.00 3065000.00 N 0.4 OO Common Shares, no par value Equinox Gold Corp. 700 West Pender St Suite 1501 Vancouver A1 V6C 1G8 This Amendment No. 4 to Schedule 13D (the "Statement") is being filed to amend the Statement as originally filed with the Securities and Exchange Commission on March 17, 2020, as amended by Amendment No. 1 dated April 7, 2021, Amendment No. 2 dated April 26, 2024 and Amendment No. 3 dated January 14, 2025 with respect to the Common Shares, no par value (the "Common Shares") of Equinox Gold Corp., a company incorporated in British Columbia, Canada (the "Company"), whose principal executive offices are located at 700 West Pender St, Suite 1501, Vancouver, A1 V6C 1G8. Except as otherwise provided herein, each Item of the Statement remains unchanged. Item 5(a) is hereby amended and restated as follows: The percentages used herein for Ross Beaty are calculated based on 784,878,779 Common Shares outstanding, calculated as follows: 784,776,377 Common Shares reported by the Issuer as outstanding as of November 5, 2025 plus (ii) 102,402 Common Shares issuable on the conversion of RSUs held by Ross Beaty. The percentages used herein for Kestrel Holdings Ltd. are calculated based on 784,776,377 Common Shares reported by the Issuer as outstanding as of November 5, 2025. Item 5(b) is hereby amended and restated as follows: 27,156,292 shares, comprised of (i) 23,988,890 Common Shares held by Ross Beaty, (ii) 102,402 Common Shares issuable on the conversion of restricted stock units ("RSUs") held by Ross Beaty and (iii) 3,065,000 Common Shares held by Kestrel Holdings Ltd. a limited company organized under the laws of the Province of British Columbia, wholly-owned and controlled by Ross Beaty. Item 5(e) is hereby amended and restated as follows: As of January 15, 2026, as the result of the dilution of the Issuer's shares, Ross Beaty ceased to be the beneficial owner of more than five percent of the class of securities. This Statement represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons. BEATY, ROSS J. /s/ Ross Beaty Ross Beaty 01/15/2026 Kestrel Holdings Ltd. /s/ Ross Beaty Ross Beaty, President 01/15/2026