Equinox Gold Secures Federal Approval for Nevada Mine

Federal Reserve Chair Kevin Warsh's hawkish remarks on inflation caused a sharp decline in precious metals mining stocks. First Majestic Silver (AG) led the drop, falling 5.09%, while other miners like AngloGold Ashanti (AU) and Barrick Mining (B) also saw significant decreases. Warsh's comments pushed up interest-rate expectations, increasing the opportunity cost of holding non-yielding assets like gold and silver.

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

Simply Wall St says Equinox Gold (TSX:EQX) received a positive Record of Decision for its South Railroad project in Nevada, completing federal permitting under NEPA and starting early construction, while filing state permits and water rights. The article also cites higher quarterly sales and net income and a 50% dividend increase, and includes 2029 forecasts of $3.3B revenue and $939.8M earnings.

Equinox Gold Corp. said the U.S. Bureau of Land Management issued a positive Record of Decision for its South Railroad gold project in Nevada, completing NEPA permitting. Early works construction has started. The open-pit heap leach mine targets first gold in 2028, with 130,000 oz/year (avg) for years 1-5, $395 million capex, and 55.2% engineering completion.

Equinox Gold says it has cleared US federal permitting for its South Railroad open-pit gold project in Nevada after the Bureau of Land Management issued a positive Record of Decision. The project is in the FAST-41 program and follows Orla Mining’s Notice of Intent. Equinox plans a US$395 million mine producing ~100,000 oz gold annually, with initial mining in spring 2027.

Equinox Gold said it received a positive Record of Decision for its South Railroad open-pit heap leach gold project in Nevada, completing federal permitting. Early works construction began. The 2026 feasibility study targets average 130,000 oz gold annually for the first five years and over 100,000 oz annually for 10 years. Initial capital costs are $395 million. Key state permits and water rights were filed.