On August 22, Equinox Gold Corp. rose 5.01% in regular trading, trading at $13.525/share, with turnover of $185 million.

On the news front, the US Bureau of Land Management previously issued a positive Record of Decision for the company's South Railroad project in Nevada, and this key federal permit continues to fuel upward momentum. With the decision in hand, early works construction has officially begun. According to the feasibility study, the open-pit heap leach project is expected to produce an average of 130,000 ounces of gold annually during its first five years, with initial capital costs estimated at $395 million and a target of first gold production in 2028.

The permit catalyst has combined with broader gold sector strength to extend the stock's multi-day rally. Within the Gold sector, Newmont Mining rose 3.64%, Barrick Mining Corporation rose 3.22%, Agnico Eagle Mines rose 2.46%, and Pan American Silver rose 2.45%.

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