On September 28, Equinox Gold Corp. fell 5.28% in regular trading, trading at $11.29 per share, with turnover of approximately $69.64 million. The decline reflected a convergence of sector-wide headwinds and company-specific developments.

The gold mining sector came under broad selling pressure, with major peers declining sharply: AngloGold Ashanti fell 6.09%, Coeur Mining dropped 5.8%, Agnico Eagle Mines lost 4.92%, Newmont Mining slid 4.44%, and Barrick Mining declined 4.31%, underscoring the sector-wide downdraft weighing on sentiment.

On the company front, China Minmetals Group agreed to acquire Equinox Gold's Brazilian operations — comprising the Aurizona, RDM, Fazenda, and Santa Luz mines — for $1 billion, including $900 million in cash and up to $115 million in contingent payments. The transaction is expected to close in the first quarter of next year. Additionally, the company recently announced plans to redeem $172.5 million in 4.75% senior convertible notes due in October, with the potential issuance of up to approximately 28.5 million common shares if all notes are converted, raising dilution concerns. The combination of asset divestiture, potential equity dilution, and the broader sector retreat contributed to the stock's decline.

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