Equinox Gold is trading 6.7% down now at $11.14 following a sharp decline in gold prices.
- Reuters reported spot gold fell more than 2% on September 28 as rising oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve rate hikes.
- Higher yields and oil weighed on precious metals; materials fell 1.55%, consistent with metals weakness.
- The latest listed announcement was Equinox Gold’s September 21 note-redemption news; no stronger company-specific catalyst surfaced.